(1) If, on an application made by a member of the Garda Síochána not below the rank of Superintendent or the Director of Corporate Enforcement, a court or a judge is satisfied that there are reasonable grounds for believing -

(a) that an indictable offence has been committed; and

(b) that there is material in the possession of a bank specified in the application which is likely to be of substantial value (whether by itself or together with other material) to the investigation of the offence;

a court or judge may make an order that the applicant or another member of the Garda Síochána designated by him, or officer of the Director of Corporate Enforcement nominated by the Director, as the case may be be at liberty to inspect and take copies of any entries in a banker's book, or inspect and take copies of any documentation associated with or relating to an entry in such book, for the purposes of investigation of the offence.

(2)

(a) Notwithstanding section 10, references to a judge in subsection (1) of this section shall include a reference to a judge of the Circuit Court or of the District Court.