57
CurrentObligations and liability of authorised deposit-taking institution
57 Obligations and liability of authorised deposit-taking institution
(1)
An authorised deposit-taking institution is not subject to any action, liability, claim or demand for complying with, or producing something in the honest belief that it was complying with a notice to produce documents or an order of a Judge of the Local Court under this Division.
(2)
An authorised deposit-taking institution, or an officer of an authorised deposit-taking institution, must not, without reasonable excuse, fail or refuse to comply with a notice to produce documents.
Maximum penalty—100 penalty units or 2 years imprisonment, or both.
This Act’s bill:Explanatory memorandumSecond reading speech
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