Australian Capital Territory Consolidated Acts Australian Capital Territory Consolidated Acts(1) For this section, the following is a relevant circumstance in relation to a person:
(a) the person is a licensed agent who cannot be found;
(b) the person is a licensed agent who has left the ACT apparently permanently or for an extended period;
(c) the person has ceased to be a licensed agent;
(d) the person is a licensed agent who has contravened or appears to have contravened the Agents Act 2003 , part 7 (Trust accounts).
(2) This section applies if an investigator is satisfied that—
(a) a relevant circumstance has happened in relation to a person; and
(b) the person has deposited money in an account with an authorised deposit-taking institution; and
(c) it is necessary to inspect the records relating to the person kept by the institution.
(3) The investigator may give to the authorised deposit-taking institution a written notice—
(a) setting out the relevant circumstance; and
(b) requiring the institution to produce for the investigator's inspection the records of the institution relating to the person.
(4) An authorised deposit-taking institution must comply with the notice.
(5) In this section:
"account"—
(a) means a trust account or another account, whether related to a person's business activities or not; and
(b) includes an account kept jointly with someone else.
"licensed agent"—see the Agents Act 2003 , dictionary.
"trust account"—see the Agents Act 2003 , dictionary.