Australian Capital Territory Numbered Acts

AGENTS (AMENDMENT) ACT 1992 (NO. 22 OF 1992) - SECT 23

23. Section 71 of the Principal Act is amended—

    (a)     by omitting from subsection (1) “of a bank” and substituting “of a branch of a bank”;

    (b)     by adding at the end of subsection (1) “at that branch”;

    (c)     by omitting from subsection (2) “of the bank” and substituting “of the branch of the bank”;

    (d)     by omitting from paragraph (2) (a) “bank” and substituting “branch”;

    (e)     by omitting from paragraph (3) (a) “bank” and substituting “branch”; and

    (f)     by adding at the end the following subsection:

“(4) The manager or other principal officer in the Territory of a bank shall, on personal delivery to him or her of a written notice signed by the Registrar—

        (a)     make available at the principal place of business of the bank in the Territory to the Registrar or an inspector specified in the notice; and

        (b)     permit the Registrar or inspector to inspect and make copies of;

all the accounts and any related documents or records held by any branch of the bank relating to—

        (c)     any trust account held by a licensed agent (other than a travel agent) named in the notice; or

        (d)     if the notice so specifies, all trust accounts held by all licensed agents (other than travel agents).”.