Banking Act · s 72

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s 72Liability in respect of unclaimed money

(1)

Any bank that pays unclaimed money to the Authority in compliance with this Act is relieved from all further liability, other than a liability arising under any other written law in respect of the money concerned.

(2)

This section does not operate to relieve a bank from —

(a)

any obligation to comply with section 70 or a requirement, notice or direction under this Part; or

(b)

liability in respect of money paid to the Authority in purported compliance with this Act if the Authority repays the money to the bank under this Part.