New South Wales Consolidated Acts

CRIMINAL ASSETS RECOVERY ACT 1990 - SECT 52

52 Protection for financial institutions

(1) For the Crimes Act 1900 , Part 4AC--

(a) the fact that a financial institution is, or has been, subject to a monitoring order must be disregarded, and

(b) a financial institution that, under section 51, gives information as soon as practicable after forming the belief referred to in the section, must be taken not to have been in possession of the information.

(2) An action, suit or proceeding does not lie against a financial institution in relation to the following--

(a) the giving of information by the financial institution under section 51 or 51A,

(b) compliance with a monitoring order or freezing notice.

(3) In this section--

"financial institution" includes an officer, employee or agent of the institution acting in the course of the person's employment or agency.