107   Deferred payment and payment by instalments

(1)  A court in which judgment has been entered may, subject to and in accordance with the uniform rules, make an order allowing for:

(a)  payment of the judgment debt within such time as is specified in the order, or

(b)  payment of the judgment debt by instalments, payable in such amounts and at such times as are specified in the order.

Note. Such an order may be varied or rescinded pursuant to section 43 (2) of the Interpretation Act 1987. The circumstances in which such an order may be varied or rescinded, and the procedure for varying or rescinding such an order, may be dealt with by the uniform rules.

(2)  Subject to section 119, execution of a judgment for the payment of money is stayed while the judgment is the subject of an order in force under this section.

(3)  If the uniform rules so provide, the functions conferred on a Local Court by this section in relation to a judgment debt may be exercised by any Local Court, whether or not the Local Court in which the judgment was given.