Statutory Rules 1990 No. 361

Cash Transaction Reports Regulations

I, THE GOVERNOR-GENERAL of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulations under the Cash Transaction Reports Act 1988.

Dated 19 February 1990.

BILL HAYDEN

Governor-General

By His Excellency’s Command,

Lionel Bowen

Attorney-General

Citation

1. These Regulations may be cited as the Cash Transaction Reports Regulations.

Interpretation

2. In these Regulations, “the Act” means the Cash Transaction Reports Act 1988.

Schedule 4 to the Act

3. Schedule 4 to the Act is amended by omitting items 1 to 9 inclusive and substituting the following items:

1. The name, address and business of the cash dealer

2. The nature of the transaction

3. The date of the transaction

4. The place where the transaction was conducted by the cash dealer

5. The names of, or other means of identifying, the persons conducting the transaction on behalf of the cash dealer

6. The identity of any other cash dealer known by the person preparing the report to be involved in the transaction

(S.R. 15/90) —Cat. No. 14/24.1.1990

7. Details, so far as known to the person preparing the report, of the identity of:

(a) each person conducting the transaction other than the persons referred to in item 5; and

(b) any person on whose behalf the transaction was so conducted:

including:

(c) the name: and

(d) the business or residential address: and

(e) the postal address (if different from the address referred to in paragraph (d)); and

(f) the occupation or, where appropriate, the business or principal activity: of the person; and

(g) the date of birth of each person to whom paragraph (a) applies

8. The methods used to ascertain and verify the details referred to in item 7

9. If a cheque is part of the transaction:

(a) the name of the drawer of the cheque; and

(b) the name of the payee of the cheque; and

(c) if the payee of the cheque is not the beneficiary of the amount of the cheque—the name of the beneficiary;

so far as known to the person preparing the report

10. The type, and identifying number, of any account known by the person preparing the report to be affected by the transaction

11. The amounts involved in the transaction

12. The beneficiary of those amounts, so far as known to the person preparing the report

13. The currencies involved in the transaction

14. The name of the person preparing the report

15. The title of the office of the person preparing the report

NOTE

1. Notified in the Commonwealth of Australia Gazette on 27 February 1990.

Printed by Authority by the Commonwealth Government Printer