Financial Transaction Reports Regulations 1990
9Verification: Aboriginal persons or Torres Strait Islanders resident in an isolated area
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9 Verification: Aboriginal persons or Torres Strait Islanders resident in an isolated area
(1) In this regulation:
community leader, in relation to an Aboriginal or Torres Strait Islander community, means:
(a) a person who is recognised by the members of the community to be a community elder; or
(b) if there is an Aboriginal council that represents the community—an elected member of the council; or
(c) a member of a Regional Council established under section 92 of the Aboriginal and Torres Strait Islander Commission Act 1989; or
(d) a member, or a member of the staff, of a local land council established under section 21 of the Aboriginal Land Rights (Northern Territory) Act 1976; or
(e) a member of the staff of the Aboriginal and Torres Strait Islander Commission; or
(g) a director of an Aboriginal or Torres Strait Islander corporation within the meaning of the Aboriginal and Torres Strait Islander Commission Act 1989.
(2) The name of an Aboriginal person or Torres Strait Islander ordinarily resident in an isolated area who is a signatory of an account or party to the bullion transaction may also be verified by a community leader of the community to which the signatory or party to the bullion transaction belongs. (3) Each verification of the name of a signatory or party to the bullion transaction under subregulation (2) is worth 50 points.