New South Wales Consolidated Acts

CASINO CONTROL ACT 1992 - SECT 126

126 Access to bank accounts

(1) It is a condition of a casino licence that the casino operator must--

(a) provide the NICC with the details of each bank or other financial institution (whether located in or outside Australia) at which an account is held by the casino operator for use in connection with its operations under this Act, and

(a1) maintain a single account, approved by the NICC, at an authorised deposit-taking institution in New South Wales, for all banking transactions by patrons, and

(b) provide the NICC, as required, and in a form approved by the NICC, with a written authority addressed to any such bank or other financial institution authorising the bank or financial institution to comply with any requirements of an inspector exercising the powers conferred by this section.

(2) An inspector may, by notice in writing, require the manager or other principal officer of any such bank or other financial institution to provide the inspector with a statement of such an account and such other particulars relating to the account as may be specified in the notice, and a person of whom such a requirement is made must comply with it.

: Maximum penalty--50 penalty units.

(3) An inspector may not exercise the powers conferred by this section without the prior written approval of the NICC.

(4) A person who complies with a requirement of a notice under this section does not on that account incur a liability to another person.