CONFISCATION ACT 1997 - SECT 31K Failure to comply with freezing order
CONFISCATION ACT 1997 - SECT 31K
Failure to comply with freezing order(1) A financial institution that has been given notice of a freezing order must not, without reasonable excuse, fail to comply with the order.
Penalty: Level 5 fine (1200 penalty units maximum).
(2) An offence against this section is a summary offence.
S. 31L inserted by No. 63/2003 s. 10.