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CONFISCATION ACT 1997 - SECT 117 Failure to comply with monitoring order

CONFISCATION ACT 1997 - SECT 117

Failure to comply with monitoring order

    (1)     A financial institution that has been given notice of a monitoring order must not knowingly—

        (a)     contravene the order; or

        (b)     in purported compliance with the order give information that is false or misleading in a material particular.

Penalty:     Level 5 fine (1200 penalty units maximum).

    (2)     An offence against this section is a summary offence.