CORPORATIONS ACT 2001 No. 50, 2001 - SECT 876 Duty of banker to make full disclosure
CORPORATIONS ACT 2001 No. 50, 2001 - SECT 876
Duty of banker to make full disclosureWhere an order made under section 874 is directed to a banker, the banker must:
- (a)
- disclose to ASIC every account kept at the bank in the name of the person to whom the order relates, and any account that the banker reasonably suspects is held or kept at the bank for the benefit of that person; and
- (b)
- permit ASIC to make a copy of, or to take an extract from, any account of the person to whom the order relates or any of the banker's books relating to that person.