49Offences relating to monitoring orders and freezing notices

49 Offences relating to monitoring orders and freezing notices

49 Offences relating to monitoring orders and freezing notices

(1) A financial institution given notice of a monitoring order is guilty of an offence if the institution knowingly—

(a) contravenes the order, or

(b) provides false or misleading information in purported compliance with the order.

(2) A financial institution that is given a freezing notice under section 48A is guilty of an offence if the institution knowingly contravenes the notice.

(3) In this section—

financial institution includes an officer, employee or agent of the institution acting in the course of the person’s employment or agency.

Maximum penalty—1,000 penalty units.

s 49: Subst 2022 No 55, Sch 3[26].