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Financial Sector Reform (Amendments and Transitional Provisions) Act (No. 1) 1999
39After subsection 36(1)
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39 After subsection 36(1)
(1A) An ADI is guilty of an offence if:
(a) the Reserve Bank has made a determination under subsection (1) of a policy that applies to the ADI; and
(b) the ADI fails to follow the policy; and
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.