s. 31L (ii) ceased to be in force; and (c) stating whether or not the freezing order was extended. (2) A report under this section must be made— (a) within 7 days after the freezing order ceases to be in force; or (b) if notice of the freezing order was not given to the financial institution, within 7 days after the freezing order was made. 31K Failure to comply with freezing order S. 31K inserted by No. 63/2003 (1) A financial institution that has been given notice s. 10. of a freezing order must not, without reasonable excuse, fail to comply with the order. Level 5 fine (1200 penalty units maximum). (2) An offence against this section is a summary offence. 31L Offence to disclose existence of freezing order S. 31L inserted by No. 63/2003 (1) While a freezing order is in force, a financial s. 10. institution that has been given notice of a freezing order must not disclose the existence or operation of the freezing order to any person except— (a) a police officer; or S. 31L(1)(a) substituted by No. 37/2014 (b) an officer or agent of the financial s. 10(Sch. institution, for the purpose of ensuring that item 25.6(a)). the freezing order is complied with; or (c) a legal practitioner acting for the financial institution, for the purpose of obtaining legal advice or representation in relation to the freezing order; or
(ii) ceased to be in force; and (c) stating whether or not the freezing order was extended. (2) A report under this section must be made— (a) within 7 days after the freezing order ceases to be in force; or (b) if notice of the freezing order was not given to the financial institution, within 7 days after the freezing order was made. S. 31K inserted by No. 63/2003 s. 10. 31K Failure to comply with freezing order (1) A financial institution that has been given notice of a freezing order must not, without reasonable excuse, fail to comply with the order. Level 5 fine (1200 penalty units maximum). (2) An offence against this section is a summary offence. S. 31L inserted by No. 63/2003 s. 10. 31L Offence to disclose existence of freezing order s. 31L (1) While a freezing order is in force, a financial institution that has been given notice of a freezing order must not disclose the existence or operation of the freezing order to any person except— S. 31L(1)(a) substituted by No. 37/2014 s. 10(Sch. item 25.6(a)). (a) a police officer; or (b) an officer or agent of the financial institution, for the purpose of ensuring that the freezing order is complied with; or (c) a legal practitioner acting for the financial institution, for the purpose of obtaining legal advice or representation in relation to the freezing order; or
97-108a070.docx