Last Updated: 1 December 2016

[MIEA 9] Power to issue search warrants9 

9
(1) The Governor or anyone authorised under section 10, acting in accordance with the provisions of section 3, may apply to the Magistrates Court for a warrant, and the Magistrates Court may issue a warrant if it is satisfied that there are reasonable grounds for suspecting that information required under this Act is in a place sought to be searched by the Governor or any such authorised persons.
(2) A search warrant under this section shall authorise the Governor or any authorised persons to enter such premises specified in the warrant, using such force as is reasonably necessary to obtain such information as is necessary for examination by the Reserve Bank.
(3) If during the authorised search—
  • (a)anything searched for is found; or
  • (b)any other thing reasonably suspected as having relevance to the information sought is found,
the Governor or other person authorised by the search warrant may seize it and take it to the Reserve Bank where it may be detained until the conclusion of the examination, and reasonable care shall be taken for its preservation.