Schedule 3

Schedule 3—Retaining financial transaction documents

Financial Transaction Reports Act 1988

1 Subsection 3(1) (definition of account)

After “means”, insert “(except in Part VIA)”.

2 Subsection 3(1) (at the end of the definition of account)

Add:

Note: Section 40C defines account for the purposes of Part VIA.

3 Subsection 3(1)

Insert:

customer‑generated financial transaction document has the meaning given by section 40D.

4 Subsection 3(1) (at the end of the definition of financial institution)

Add:

; and, in Part VIA, includes:

(c) a body corporate that is, or that, if it had been incorporated in Australia, would be, a financial corporation within the meaning of paragraph 51(xx) of the Constitution; and

(d) a person who carries on a business of operating a casino; and

(e) a totalisator agency board.

5 Subsection 3(1)

Insert:

minimum retention period has the meaning given by section 40E.

6 After Part VI

Insert: