Commonwealth Consolidated Acts

BANKING ACT 1959 - SECT 41

  (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

  (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.