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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.