RETAIL TRADING ACT 2008 - SECT 14D
Extension of Bank Holiday to other financial institutions
RETAIL TRADING ACT 2008 - SECT 14D
Extension of Bank Holiday to other financial institutions
(1) A financial institution must not be open for retail business on
Bank Holiday. : Maximum penalty--100 penalty units.
(2) The
"retail business" of a financial institution is business of the
financial institution that is conducted with customers in person at the
financial institution or a branch of the financial institution.
(3) This
section does not prevent a financial institution (or one or more of its
branches) from opening on Bank Holiday if-- (a) the financial institution (or
the branch) is staffed only by persons who have freely elected to work on that
day, or
(b) an industrial instrument provides for employees employed in the
retail business of the financial institution to receive a substituted day off
in lieu of Bank Holiday for working on Bank Holiday, or
(c) the
financial institution has no more than 5 employees.