40GReleasing original documents if required by law

##### 40G Releasing original documents if required by law (1) A financial institution is guilty of an offence if: (a) before the end of the minimum retention period, it releases the original of a document that, but for paragraph 40F(1)(d), it would be obliged by section 40F to retain; and (b) it does not retain a complete copy of the document until one of the following occurs: (i) the period ends; (ii) the original is returned. Penalty: 100 penalty units. (2) A financial institution is guilty of an offence if it does not maintain a register of documents released as mentioned in paragraph (1)(a). Penalty: 100 penalty units. (3) An offence against this section is an offence of strict liability. > Note 1: For strict liability, see section 6.1 of the Criminal Code. > Note 2: This section does not apply to documents relating to certain transferred accounts (see sections 40L and 40P).