CTHRepealedAct
Financial Transaction Reports Act 1988
Part B
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Part B
If: (a) the AUSTRAC CEO has approved, under paragraph 7(3)(b), reporting by a cash dealer electronically; and (b) the cash dealer chooses to report the details referred to in this Part instead of the details referred to in Part A; the reportable details of a significant cash transaction, to which the dealer is a party, that are to be included in the report, are:
- In relation to the cash dealer: (a) the name, identifying number and business of the cash dealer; and (b) the name and address of the branch of the cash dealer at which the transaction was conducted.
- The nature of the transaction.
- The date of the transaction.
- For each person conducting the transaction with the cash dealer: (a) the name of the person; and (b) the date of birth of the person; and (c) the method used by the cash dealer to verify the identity of the person; and (d) whether the person is a customer of the cash dealer who carries on a business and, if so, the industry code for that business that is published by the Australian Bureau of Statistics in the publication entitled: (i) “Australian Standard Industrial Classification”, as in force on 1 July 1990; or (ii) “Australian and New Zealand Standard Industrial Classification”, as in force on 31 March 1997.
- For any person on whose behalf the transaction was conducted: (a) the name of the person; and (b) the business or residential address of the person; and (c) the occupation, business or principal activity of the person; and (d) whether the person is a customer of the cash dealer who carries on a business and, if so, the industry code for that business that is published by the Australian Bureau of Statistics in the publication entitled: (i) “Australian Standard Industrial Classification”, as in force on 1 July 1990; or (ii) “Australian and New Zealand Standard Industrial Classification”, as in force on 31 March 1997.
- The type and identifying number of any account with a cash dealer that is affected by the transaction.
- The total amount of currency involved in the transaction.
- The total monetary amount of the transaction.