SECURITY AND INVESTIGATIONS AGENTS ACT 2002 - SECT 29 Financial records
SECURITY AND INVESTIGATIONS AGENTS ACT 2002 - SECT 29
Financial records
(1) The Director, by notice in writing, may require the manager of an authorised deposit-taking institution to (a) provide written information as to (i) whether or not there is or was any trust account in the name of a specified person; and(ii) the address at which any document or record relevant to that trust account is kept; and(b) produce for inspection to an authorised person any document or record relating to that trust account; and(c) allow an authorised person to inspect, and take copies of, or extracts from, any such document or record.(2) A person must comply with a requirement.Penalty: In the case of (a) a body corporate, 500 penalty units; and(b) a natural person, 200 penalty units.(3) A requirement under subsection (1)(b) is taken not to be complied with if the document or record is not produced at the address given by the authorised deposit-taking institution under subsection (1)(a)(ii) as the address at which the document or record is kept.