37Access to banking information about auditable entities

37 Access to banking information about auditable entities

37 Access to banking information about auditable entities

(1) An authorised person may require the provider of a banking service (including a banking account) to an auditable entity to do any of the following—

(a) provide the authorised person with banking information, in accordance with the requirement, about the entity,

(b) without limiting paragraph (a), produce to the authorised person any book, account, record or document relating to the entity and under the custody or control of the provider.

(2) A provider of a banking service must comply with a requirement made of the provider under subsection (1).

Maximum penalty—20 penalty units.

(3) In this section—

banking information about an auditable entity means—

(a) any information about banking services the entity receives (including information about the entity’s banking accounts), and

(b) any statements or reports about banking services the entity receives.

provider of a banking service means the authorised deposit-taking institution or other entity that provides the service to the auditable entity concerned (whether under a State financial service agreement within the meaning of the Government Sector Finance Act 2018 or otherwise).

s 37: Am 1996 No 24, Sch 1. Subst 2018 No 70, Sch 2[8].