South Australian Numbered Regulations

CRIMINAL ASSETS CONFISCATION REGULATIONS 2006 (NO 31 OF 2006) - REG 5

5—Declaration of institutions as financial institutions

For the purposes of the definition of "financial institution" in section 3 of the Act, an institution that carries on a business involving—

            (a)         the acceptance of money on deposit or by way of investment; or

            (b)         the acceptance of money for the purpose of securing it in a safety deposit box or other safe custody facility,

is declared to be a financial institution.