9‑8 Reports of threshold transactions—in9‑8 Reports of threshold transactions—information about the transaction

9‑8 Reports of threshold transactions—information about the transaction

Standard information (1) The report must contain the following information about the threshold transaction: (a) the date and time when the transaction took place; (b) the address or location where the transaction took place; (c) for each person in relation to whom information is reportable under section 9‑7—the person’s role in the transaction (to the extent known); (d) a description of the purpose of the transaction (to the extent known); (e) the kind of designated service that was provided and that involved the transaction; (f) the reporting entity’s reference number relating to the provision of the designated service that involved the transaction (including, but not limited to, a transaction reference number); (g) the value, in Australian dollars, of the physical currency involved in the transaction; (h) if the transaction involves foreign currency—the kind and amount of the foreign currency involved and the exchange rate used. Information about an account (2) If the threshold transaction involves an account provided by the reporting entity or another person, the report must contain the following information about the account (as applicable and to the extent the information is known): (a) the full name of the person providing the account; (b) the full name of each account holder; (c) the kind of account (such as a savings account, loan account or credit card account); (d) the unique identification details assigned to the account (such as the BSB and account number); (e) the full name of the signatory to the account who is conducting the transaction; (f) the date the account was opened. Information about products or instruments (3) If the threshold transaction involves products or instruments, the report must contain a description of the products or instruments and their value (in Australian dollars or a foreign currency, as appropriate).

Note: Examples of products and instruments include the following:

(a) a cheque or travellers cheque;
(b) a stored value card;
(c) a precious metal;
(d) a gaming chip or token.

Information about transfers of property (4) If the threshold transaction relates to a transfer of property, the report must contain the following information about the transfer (as applicable and to the extent that the information is known): (a) any unique reference number applicable to the transfer provided by the reporting entity or another person; (b) the value of the property (in Australian dollars or a foreign currency, as appropriate); (c) details of the property, including any unique identification details for the property.

Note: Examples of unique identification details include:

(a) for real estate—the plan and lot numbers for the real estate; and
(b) for bullion—the serial number on the bullion.