11AAPrescribed details in relation to an international funds transfer instruction

11AA Prescribed details in relation to an international funds transfer instruction

(1) For the purposes of subsection 17B(2) of the Act, the prescribed details for a report of an instruction that is transmitted out of Australia are: (a) the sender’s name; and (b) the recipient’s name; and (c) the date on which transmission of the instruction commenced; and (d) the currency and the amount of funds referred to in the instruction; and (e) the name or identity of the branch or department of the financial organisation to which the ordering customer gave the request to transmit the instruction; and (f) for a financial organisation transfer instruction: (i) the identity and account number (if any) of the beneficiary organisation; and (ii) if the ordering organisation is not the sender—the identity of the ordering organisation; and (g) for a customer transfer instruction—the ordering customer’s name and location; and (h) for a customer transfer instruction—such of the following as appear in the instruction: (i) the number of the ordering customer’s account with the ordering organisation; (ii) the beneficiary customer’s name and location; (iii) the number of the beneficiary customer’s account with the disbursing organisation; and (j) such of the following as appear in the instruction: (i) the identification code assigned to the instruction by the sender; (ii) the date on which the funds referred to in the instruction become available for the recipient to disburse; (iii) the identity of the ordering organisation; (iv) the account of the sender or another financial organisation through which the sender will reimburse the recipient; (v) the branch of the recipient or another financial organisation at which the funds will be made available to the recipient; (vi) the identity of the disbursing organisation; (vii) information given in the instruction by the ordering customer to the beneficiary customer about the reason for payment; (viii) information or directions provided by the sender, in the instruction, to a financial organisation, or a branch or department of a financial organisation; (ix) the name or identity of the branch or department of a financial organisation; and (k) if the dealer provides a copy of an instruction as the dealer’s report—such other details as appear in the instruction as transmitted. (2) For the purposes of subsection 17B(2) of the Act, the prescribed details for a report of an instruction that is transmitted into Australia are: (a) the sender’s name; and (b) the recipient’s name; and (c) the date on which the recipient receives the instruction; and (d) the currency and the amount of funds referred to in the instruction; and (e) for a financial organisation transfer instruction: (i) the identity and account number (if any) of the beneficiary organisation; and (ii) if the ordering organisation is not the sender—the identity of the ordering organisation; and (f) for a customer transfer instruction—such of the following as appear in the instruction: (i) the ordering customer’s name; and (ii) the ordering customer’s location; and (iii) the number of the ordering customer’s account with the ordering organisation; and (iv) the beneficiary customer’s name; and (v) the beneficiary customer’s location; and (vi) the number of the beneficiary customer’s account with the disbursing organisation; and (g) such of the following as appear in the instruction: (i) the identification code assigned to the instruction by the sender; and (ii) the date on which the funds referred to in the instruction become available for the recipient to disburse; and (iii) the identity of the ordering organisation; and (iv) the account of the sender or another financial organisation through which the sender will reimburse the recipient; and (v) the branch of the recipient or another financial organisation at which the funds will be made available to the recipient; and (vi) the identity of the disbursing organisation; and (vii) information given in the instruction by the ordering customer to the beneficiary customer about the reason for payment; and (viii) information or directions provided by the sender, in the instruction, to a financial organisation, or a branch or department of a financial organisation; and (ix) the name or identity of a branch or department of a financial organisation; and (h) if the dealer provides a copy of an instruction as the dealer’s report—such other details as appear in the instruction as transmitted.