Queensland Consolidated Acts

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CRIME AND CORRUPTION ACT 2001 - SECT 119K

What suspension order must state

119K What suspension order must state

(1) The suspension order must order a financial institution—
(a) to notify a commission officer immediately of any transaction that has been initiated in connection with an account held with the institution by a person named in the order; and
(b) to notify a commission officer immediately if there are reasonable grounds for suspecting that a transaction is about to be initiated in connection with the account; and
(c) to refrain from completing or effecting the transaction for 48 hours, unless a named commission officer gives the financial institution written consent to the transaction being completed immediately.
(2) In addition, the suspension order must state—
(a) the name or names in which the account is believed to be held; and
(b) the type of information the institution is required to give; and
(c) the period, of not more than 3 months from the date of its making, the order is in force; and
(d) that the order applies to transactions conducted during the period stated in the order; and
(e) that the information is to be given to any commission officer or to a stated commission officer and the way in which the information is to be given.



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