Australian Capital Territory Repealed Acts

This legislation has been repealed.

PROCEEDS OF CRIME ACT 1991 NO 103 (REPEALED) - SECT 73

    (1)         Where a financial institution is required by law to release an original of an essential customer generated financial transaction document before the end of the minimum retention period applicable to the document, the institution shall retain a complete copy of the document until the period has ended or the original is returned, whichever occurs first.

    (2)         The financial institution shall maintain a register of documents released under subsection (1).

    (3)         A financial institution that contravenes subsection (1) or (2) commits an offence.

Maximum penalty: 100 penalty units.