Australian Capital Territory Numbered Acts

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FINANCIAL INSTITUTIONS (APPLICATION OF (NO. 28 OF 1992) - SECT 18

18. (1) If the Chief Minister is provided with a report under subsection 49 (6) of the AFIC (ACT) Code, the Chief Minister shall provide AFIC with a response to the report within 14 days of its receipt by the Chief Minister.

(2) If—

        (a)     the Chief Minister does not provide AFIC with a response to the report within 14 days of receipt of the report; or

        (b)     AFIC is of the opinion that it is necessary to do so;

AFIC may, by written notice to the Chief Minister, request the Chief Minister to cause a copy of the report provided with the request to be laid before the Legislative Assembly.

(3) The Chief Minister shall comply with a request under subsection (2) within 14 days of receipt of the request, subject to subsection (4).

(4) If, because the Legislative Assembly is not sitting, a report cannot be laid before the Assembly within the time prescribed by subsection (3), the Chief Minister shall comply with a request under subsection (2) by—

        (a)     giving a copy of the report to the Clerk to the Legislative Assembly within that time; and

        (b)     immediately causing the report to be printed and made available to the public.

(5) A copy of a report given to the Clerk to the Legislative Assembly under subsection (4) is to be laid before the Legislative Assembly on its next sitting day.



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