41Transfer of gold out of Australia

41 Transfer of gold out of Australia

(1) A person shall not, except with the consent in writing of the Reserve Bank, take or send any gold out of Australia. (2) A person commits an offence if: (a) the person contravenes subsection (1); and (c) there is no instrument in force under section 48 exempting the person from the application of this subsection.

Penalty: 200 penalty units.

Note 1: Chapter 2 of the Criminal Code sets out the general principles of criminal responsibility.

Note 2: If a body corporate is convicted of an offence against this subsection, subsection 4B(3) of the Crimes Act 1914 allows a court to impose a fine of up to 5 times the penalty stated above.

(3) An offence against subsection (2) is an indictable offence.