Document ID: chunk:federal_register_of_legislation:C2018A00034:clause:1_40ai
Version: federal_register_of_legislation:C2018A00034
Segment Type: clause
Provision Reference: sch 1 cl 40AI
Character Range: 100068–101160

40AI  Contents of notices to financial institutions
  The notice must:
 (a) state that the officer giving the notice believes that the notice is required:
 (i) to determine whether to take any action under this Division, or under the Proceeds of Crime Act 2002 in connection with the operation of this Division; or
 (ii) in relation to proceedings under this Division, or under the Proceeds of Crime Act 2002 in connection with the operation of this Division;
  (as the case requires); and
 (b) specify the name of the financial institution; and
 (c) specify the kind of information or documents required to be provided; and
 (d) specify the form and manner in which that information or those documents are to be provided; and
 (e) state that the information or documents must be provided within 14 days after the day the notice is received; and
 (f) if the notice specifies that information about the notice must not be disclosed—set out the effect of section 40AL (disclosing existence or nature of a notice); and
 (g) set out the effect of section 40AM (failing to comply with a notice).