Western Australian Consolidated Acts

BANK OF WESTERN AUSTRALIA ACT 1995 - SECT 22

22 .         Treasurer may require information to be given

        (1)         The Treasurer may request the Bank to give prescribed information to the Treasurer, including prescribed information by way of periodical returns at prescribed times, to enable the Treasurer to be informed of or assess the extent of the liability, or risk of or exposure to liability, from time to time existing under section 20.

        (2)         The power in subsection (1) ceases to be exercisable on — 

            (a)         the day on which the guarantee under section 20(1) no longer applies to securities, term deposits or term borrowings; or

            (b)         the fifth anniversary of the day of privatisation,

                whichever is the later.

        (3)         A request under subsection (1) must — 

            (a)         be made by written notice given to the Bank; and

            (b)         specify the time before which the information is to be given.

        (4)         The Bank must comply with any request under subsection (1).

        (5)         The Bank is to provide information under subsection (1) in a manner that does not disclose the identity and affairs of any person or might enable the identity and affairs of any person to be ascertained.