CONFISCATION ACT 1997 - SECT 118J Offence to fail to comply with information notice
CONFISCATION ACT 1997 - SECT 118J
Offence to fail to comply with information notice(1) A financial institution that has been given an information notice must not—
(a) without reasonable excuse, fail to comply with the information notice; or
(b) in purported compliance with the information notice, knowingly 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.
S. 118K inserted by No. 63/2003 s. 29.