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ANTI-MONEY LAUNDERING AND COUNTER-TERRORISM FINANCING ACT 2006 - SECT 70 Required transfer information

ANTI-MONEY LAUNDERING AND COUNTER-TERRORISM FINANCING ACT 2006 - SECT 70

Required transfer information

    For the purposes of the application of this Act to an electronic funds transfer instruction, the required transfer information is:

  (a)   if:

  (i)   the transfer instruction is of a kind specified in the AML/CTF Rules; or

  (ii)   the ordering institution accepts the transfer instruction in circumstances specified in the AML/CTF Rules; or

  (iii)   the transfer instruction is, or is to be, passed on, or carried out, in circumstances specified in the AML/CTF Rules;

    the tracing information; or

  (b)   if:

  (i)   the ordering institution accepts the transfer instruction at or through a permanent establishment of the ordering institution in a particular country; and

  (ii)   the beneficiary institution makes, or is to make, the money available at or through a permanent establishment of the beneficiary institution in another country; and

  (iii)   the transfer instruction is a batched electronic funds transfer instruction; and

  (iv)   paragraph   (a) does not apply;

    the tracing information; or

  (c)   if:

  (i)   the ordering institution accepts the transfer instruction at or through a permanent establishment of the ordering institution in a particular country; and

  (ii)   the beneficiary institution makes, or is to make, the money available at or through a permanent establishment of the beneficiary institution in another country; and

  (iii)   the transfer instruction is not a batched electronic funds transfer instruction; and

  (iv)   paragraph   (a) does not apply;

    the complete payer information; or

  (d)   if:

  (i)   the ordering institution accepts the transfer instruction at or through a permanent establishment of the ordering institution in Australia; and

  (ii)   the beneficiary institution makes, or is to make, the money available at or through a permanent establishment of the beneficiary institution in Australia; and

  (iii)   paragraph   (a) does not apply;

    the tracing information.

Note 1:   For complete payer information , see section   71.

Note 2:   For tracing information , see section   72.