12‑4 Transitional—reports of threshold t12‑4 Transitional—reports of threshold transactions by entities on Reporting Entities Roll at commencement

12‑4 Transitional—reports of threshold transactions by entities on Reporting Entities Roll at commencement

(1) Subsection (2) applies if: (a) at the commencement of this instrument, a reporting entity is entered on the Reporting Entities Roll; and (b) the reporting entity commences to provide, or provides, a designated service to a customer; and (c) the provision of the service involves a threshold transaction; and (d) the reporting entity gives a report about the threshold transaction that complies 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; and (e) the report is given on or after 1 July 2026 and before the earlier of: (i) 30 March 2029; or (ii) the day specified in an instrument made under subsection (3). (2) The report 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. (3) The AUSTRAC CEO may, by notifiable instrument, specify a day for the purposes of subparagraph (1)(e)(ii).