New South Wales Consolidated Acts

CONFISCATION OF PROCEEDS OF CRIME ACT 1989 - SECT 68

68 Monitoring orders

(1) On application made by an authorised officer the Supreme Court may make an order directing a financial institution to give information of the kind referred to in subsection (2) to a specified prescribed authority.

(2) A monitoring order shall direct a financial institution to give information obtained by the institution about transactions conducted through an account held by a particular person with the institution.

(3) A monitoring order shall apply in relation to transactions conducted during the period specified in the order (being a period commencing not earlier than the day on which notice of the order is given to the financial institution and ending not later than 3 months after the date of the order).

(4) A reference in this section to a transaction conducted through an account includes a reference to--

(a) the making of a fixed term deposit, and

(b) in relation to a fixed term deposit--the transfer of the amount deposited, or any part of it, at the end of the term.