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Agents Act 2003
133Institutions to comply with directions
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133 Institutions to comply with directions
(1) An authorised deposit-taking institution commits an offence if—
direction under section 132 (1) (a) in relation to the account; and
(c) the institution allows an amount to be withdrawn from the
account without the commissioner’s written approval.
(2) An authorised deposit-taking institution commits an offence if—
direction under section 132 (1) (b) in relation to the account; and
(c) the institution allows the account to be operated otherwise than
in accordance with the conditions in the direction.
(3) An authorised deposit-taking institution commits an offence if—
direction under section 132 (1) (c) in relation to the account; and
(c) the institution does not pay to the commissioner the amount that
the commissioner has directed be paid within the time stated in
the direction.