Banking Act 1959

Part IV - Gold  

SECTION 41   Transfer of gold out of Australia  

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


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(b) (Repealed by No 154 of 2007)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.

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

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