Document ID: chunk:federal_register_of_legislation:C2018A00118:clause:3_26
Version: federal_register_of_legislation:C2018A00118
Segment Type: clause
Provision Reference: sch 3 cl 26
Character Range: 42293–43000

26  After subsection 186LA(1)
Insert:
 (1A) This section also applies to a bank if:
 (a) the Inspector‑General believes on reasonable grounds that:
 (i) a person who is or was an administrator of a debt agreement holds or held an account with the bank; and
 (ii) the account was kept, or purportedly kept, in compliance with subsection 185LD(1); and
 (b) the Inspector‑General reasonably suspects that, in connection with the account, the person has:
 (i) contravened a provision of this Act; or
 (ii) failed to properly carry out the duties of an administrator in relation to the debt agreement; or
 (iii) contravened a condition of the person's registration as a registered debt agreement administrator.