Banking Act · 2024 Revised Edition · Part · Unclaimed Balances
70. Copies and inspection of returns
Official textFrom Attorney General's Chambers, unchanged
A bank that lodges a return shall retain a copy of the return at its registered office or principal place of business in Brunei Darussalam.
bank
“bank” means a company which carries on banking business and holds a licence granted under section 4 or 23, and includes all branches and offices in Brunei Darussalam of any such company for the purposes of this Act;
The copy shall be retained for at least 6 years after the date on which it was lodged.
The copy may be held in any form, but it shall be readily able to be reproduced in the form of a document.
document
“document” includes a circular brochure, pamphlet, poster, handbill, prospectus and other document which is directed at or likely to be read by members of the public; and also includes any newspaper, magazine, journal or other periodical publication;
A bank shall make the retained copies of returns reasonably available for inspection by any person.
Banking 80
The bank may charge such inspection fee as may be prescribed.
Terms defined in s 2
bank
Defined · s 2“bank” means a company which carries on banking business and holds a licence granted under section 4 or 23, and includes all branches and offices in Brunei Darussalam of any such company for the purposes of this Act;
document
Defined · s 2“document” includes a circular brochure, pamphlet, poster, handbill, prospectus and other document which is directed at or likely to be read by members of the public; and also includes any newspaper, magazine, journal or other periodical publication;
place of business
Defined · s 2“place of business”, in relation to a bank, includes a head or main office, a branch, an agency, a mobile branch of the bank, any office established and maintained for a limited period only and any other place used by the bank for the dispensing or acceptance of money on account or for the conduct of other banking business;