Financial Sector Legislation Amendment (Simplifying Regulation and Review) Act 2007 (154 of 2007)

Schedule 1   Streamlining prudential regulation

Part 1   Amendments commencing on Royal Assent

Banking Act 1959

30   Subsection 13B(1A)

Repeal the subsection (but not the penalty or notes), substitute:

(1A) An ADI commits an offence if:

(a) the ADI does not give the investigator access to its books, accounts and documents; or

(b) the ADI fails to comply with a requirement made under subsection (1) for the provision of information or facilities.


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