CCH Note:
Part 13 of the
Corporations Act 1989, inserted
by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as
follows:
PART 13 - THE CORPORATIONS LAW
THE CORPORATIONS LAW
82
The Corporations Law is as follows:...
CHAPTER 8 - THE FUTURES INDUSTRY
PART 8.5 - FINANCIAL STATEMENTS AND AUDIT
History
Part 8.5 heading substituted by No 61 of 1998, Sch 2, Pt 4
(effective 1 July 1998).
SECTION 1225
DUTY OF BANKER OR BODY CORPORATE TO MAKE FULL DISCLOSURE
1225
Where an order made under section
1224 is directed to a banker or a body corporate, the banker or body corporate shall:
(a)
disclose to the applicant for the order every account kept by the bank or body corporate in the name of the person to whom the order relates, and any account that the banker or body corporate reasonably suspects is held or kept by the bank or body corporate for the benefit of that person; and
(b)
permit the applicant for the order to make a copy of, or to take an extract from, any account of the person to whom the order relates or any of the banker's books relating to that person or the like books in the possession of the body corporate.
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