Banking Act 1959

Part IV - Gold  

SECTION 41   Transfer of gold out of Australia  

(1)  
A person shall not, except with the consent in writing of the Reserve Bank, take or send any gold out of Australia.

(2)  


A person commits an offence if:


(a) the person contravenes subsection (1); and


(b) (Repealed by No 154 of 2007)


(c) there is no instrument in force under section 48 exempting the person from the application of this subsection.

Penalty: 200 penalty units.

Note 1:

Chapter 2 of the Criminal Code sets out the general principles of criminal responsibility.

Note 2:

If a body corporate is convicted of an offence against this subsection, subsection 4B(3) of the Crimes Act 1914 allows a court to impose a fine of up to 5 times the penalty stated above.

(3)  
An offence against subsection (2) is an indictable offence.




This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.