12‑3 Transitional—reports of threshold t12‑3 Transitional—reports of threshold transactions to be in old form for first 3 months after commencement

12‑3 Transitional—reports of threshold transactions to be in old form for first 3 months after commencement

(1) Subsections (2) and (3) apply if: (a) a reporting entity commences to provide, or provides, a designated service to a customer; and (b) the provision of the service involves a threshold transaction; and (c) the reporting entity is required under subsection 43(2) of the Act to give the AUSTRAC CEO a report of the transaction at any time during the period: (i) beginning at the commencement of this instrument; and (ii) ending on 30 June 2026. (2) The report must: (a) be in the form that was the approved form for the purposes of paragraph 43(3)(a) of the Act immediately before the commencement of this instrument; and (b) comply with Chapter 19 of the Anti‑Money Laundering and Counter‑Terrorism Financing Rules Instrument 2007 (No. 1), as in force immediately before the commencement of this instrument. (3) A report that complies with subsection (2) is taken to include the information that must, under Division 2 of Part 9 of this instrument, be contained in a report under subsection 43(2) of the Act in relation to the threshold transaction.