Date-stamp loading
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 19 April 2023 - onwards
  Version 4 of 4    

33AO. Bank may hold inquiry into suspected commission of or participation in prescribed contravention.

(1) Whenever the Bank, after considering the final report of an investigation, and any submissions, provided to it under section 33ANK(5), suspects on reasonable grounds that the person to whom the investigation related is committing or has committed a prescribed contravention, it may hold an inquiry to determine whether or not the person is committing or has committed the contravention.

(2) Whenever the Bank, after considering the final report of an investigation, and any submissions, provided to it under section 33ANK(5), suspects on reasonable grounds that the person to whom the investigation related is participating or has participated, while performing a relevant controlled function, in the commission by a regulated financial service provider of a prescribed contravention, it may hold an inquiry to determine whether or not the person is participating or has participated in the contravention while performing a relevant controlled function.

(3) Without prejudice to the exercise of t

Comparing proposed amendment...