Document ID: chunk:federal_register_of_legislation:C2004A03877:front:0:p8
Version: federal_register_of_legislation:C2004A03877
Segment Type: other
Provision Reference: 
Character Range: 18302–21104

Collection and publication of information about banks
"51. (1) The regulations may make provision for and in relation to:
    (a) requiring a bank to prepare, and to give to the Reserve Bank, accounts and financial statements;
    (b) requiring a bank to give information relating to its banking business to the Reserve Bank;
    (c) specifying, or enabling the Reserve Bank to specify, the manner and form in which the accounts and financial statements are to be prepared and given or in which the information is to be given;
    (d) requiring accounts, financial statements or information given to be verified by a statutory declaration made by a senior officer of the bank;
    (e) enabling the Treasurer to exempt a bank (either unconditionally or conditionally) from compliance with an obligation of the kind mentioned in paragraph (b); and
    (f) requiring the Reserve Bank to prepare and publish, in respect of a bank, all or any of the following:
        (i) a balance-sheet;
        (ii) a profit and loss statement;
        (iii) a statement of assets and liabilities;
        (iv) with the consent of the bank concerned—other information.
"(2) Regulations made for the purposes of this section shall not require information to be given with respect to the affairs of an individual customer unless the information is in respect of prudential matters relating to the bank concerned.
"(3) Regulations made for the purposes of paragraph (1) (f) shall not require the preparation and publication of information with respect to the affairs of an individual customer.

Secretary to the Department of the Treasury may request copies of information given to the Reserve Bank
"52. (1) The Secretary to the Department of the Treasury may request the Reserve Bank to give to the Secretary a copy of particular information that:
    (a) was given to the Reserve Bank under regulations made for the purposes of section 51; or
    (b) was derived from such information.
"(2) Subject to subsection (3), the Reserve Bank shall comply with the request.
"(3) If:
    (a) the Reserve Bank receives a request for a copy of particular information; and

    (b) the Reserve Bank certifies that the information is of a kind that the Reserve Bank uses only in connection with prudential matters relating to one or more banks;
the Reserve Bank is not required to comply with the request.".

16. Section 61 of the Principal Act is repealed and the following section is substituted:

Reserve Bank to conduct investigations where Governor considers necessary
"61. (1) Where the Governor of the Reserve Bank is satisfied that a report on specified prudential matters in relation to a bank is necessary, the Reserve Bank may, in writing, appoint a person to investigate and report on those specified prudential matters in