QLDIn ForceAct
Criminal Proceeds Confiscation Act 2002
sec.249EFinancial institution must comply with a notice
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### sec.249E Financial institution must comply with a notice
A financial institution must comply with a notice given to it under section 249B .
Maximum penalty—2,500 penalty units.
It is a defence to a prosecution for an offence against subsection (1) for the financial institution to prove it—
could not reasonably comply with the notice within the time stated in the notice; and
took reasonable steps to comply with the notice; and
gave the advice stated in the notice as soon as practicable after the financial institution was required to give the advice as stated in the notice.
s 249E ins 2009 No. 2 s 56
amd 2013 No. 21 s 53
(sec.249E-ssec.1) A financial institution must comply with a notice given to it under section 249B . Maximum penalty—2,500 penalty units.
(sec.249E-ssec.2) It is a defence to a prosecution for an offence against subsection (1) for the financial institution to prove it— could not reasonably comply with the notice within the time stated in the notice; and took reasonable steps to comply with the notice; and gave the advice stated in the notice as soon as practicable after the financial institution was required to give the advice as stated in the notice.
- (a) could not reasonably comply with the notice within the time stated in the notice; and
- (b) took reasonable steps to comply with the notice; and
- (c) gave the advice stated in the notice as soon as practicable after the financial institution was required to give the advice as stated in the notice.