Dormant Accounts Act, 2001

Inspector's report.

24.—(1) Where, following an inspection under this Part, the inspector is of the opinion that—

(a) there is reason to believe that the institution concerned is in breach of any provision of this Act, or

(b) there is a material defect in the systems, procedures and practices referred to in section 22 (1)(c),

the inspector shall prepare a report, in writing, and submit a copy of the report to the Minister.

(2) Subject to subsection (3), account holders shall not be referred to in a report under this section (otherwise than for the purposes of subsection (3)) by name or in any manner by which they could be identified as account holders.

(3) An inspector who, in the course of an inspection, obtains prima facie evidence of—

(a) a possible underpayment or non-transfer of moneys from a dormant account to the Fund under section 12 , or

(b) a fraudulent claim for repayment under section 19 ,

shall furnish to the Minister particulars of the evidence and of the accounts and account holders concerned.

(4) An inspector shall provide to the Minister any information and assistance that may reasonably be required by the Minister in respect of any matters relating to an inspection carried out under this Chapter or for the purpose of clarifying any matter in the inspector's report.