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Financial Sector Reform (Amendments and Transitional Provisions) Act (No. 1) 1999
36Subsection 23(1)
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36 Subsection 23(1)
(1) An ADI is guilty of an offence if:
(a) it fails to comply with section 22 on any day; and
(b) that day is not a day to which subsection (2) applies; and
(1A) If an ADI is convicted of an offence against subsection (1), it is liable to a fixed penalty equal to the amount worked out using the formula:
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