FINANCIAL TRANSACTION REPORTS ACT 1988

This compilation was prepared on 19 June 2009
taking into account amendments up to Act No. 34 of 2009

The text of any of those amendments not in force
on that date is appended in the Notes section

The operation of amendments that have been incorporated may be
affected by application provisions that are set out in the Notes section

Prepared by the Office of Legislative Drafting and Publishing,
Attorney‑General's Department, Canberra

Contents

Part I--Preliminary 1

1............ Short title [see Note 1] ....................................................................... 1

2............ Commencement [see Note 1] .............................................................. 1

3............ Interpretation ...................................................................................... 1

3A......... Translation of foreign currency to Australian currency ................... 13

4............ Objects of Act .................................................................................. 13

5............ Act to bind Crown ............................................................................ 14

6............ Act to apply both within and outside Australia .............................. 14

6A......... Application of the Criminal Code .................................................... 14

Part II--Transaction reports 15

Division 1--Cash transaction reports by cash dealers 15

7............ Reports of significant cash transactions by cash dealers .................. 15

8............ Approved cash carriers ..................................................................... 16

8A......... Identifying cash dealers .................................................................... 16

9............ Exempt cash transactions ................................................................. 17

10.......... Transactions eligible for exemption .................................................. 18

11.......... Financial institution may enter transactions in exemption register .. 20

12.......... Financial institution to maintain exemption register ......................... 22

13.......... AUSTRAC CEO to have access to exemption registers .................. 23

Division 1A--Reports about transfers of currency 24

15.......... Reports in relation to transfer of currency into or out of Australia . 24

Division 1B--Cash transaction reports by solicitors 28

15A....... Reports of significant cash transactions ........................................... 28

Division 2--Reports of suspect transactions 30

16.......... Reports of suspect transactions ....................................................... 30

17.......... Protection for cash dealer etc. where information communicated under section 16 34

Division 3--Reports of international funds transfer instructions 35

17B....... Reports of international funds transfer instructions ........................ 35

17C....... ADI acting on behalf of another ADI ............................................... 36

17D....... No cause of action arises from compliance with section 17B .......... 36

17E........ Legal action not to be taken under a foreign law as a result of cash dealers etc. providing information 36

17F........ Certain foreign judgments not to be recognised or enforced in Australia 37

Division 4--Information provided under other law 38

17H....... Information provided under another law of the Commonwealth or a law of a State or Territory 38

17J........ Information provided to AUSTRAC from a foreign country .......... 38

Part III--Accounts 39

18.......... Opening etc. of account with a cash dealer ....................................... 39

19.......... Unblocking or forfeiture of account .................................................. 42

20.......... Cash dealers to hold information ...................................................... 44

20A....... Identification record .......................................................................... 44

21.......... Identification references .................................................................... 45

21A....... Change of name ................................................................................. 46

22.......... Notice to AUSTRAC CEO if no primary identification document examined 48

23.......... Cash dealer to keep documents ........................................................ 49

23A....... Active ADI accounts transferred to another ADI--obligations of ADIs in relation to records of information 50

23B....... Closed ADI accounts transferred to another ADI--obligations of ADIs in relation to records of information 52

24.......... Opening account etc. in false name ................................................... 54

Part IIIA--Bullion sellers 57

24A....... Definitions ........................................................................................ 57

24B....... Exemptions ....................................................................................... 57

24C....... Bullion seller to hold identification record for other parties to bullion transaction 57

24D....... Bullion seller to keep documents ...................................................... 58

Part IVA--Powers of inspection 60

27A....... Authorised officers ........................................................................... 60

27B....... Identity cards .................................................................................... 60

27C....... Powers of inspection of premises of a cash dealer ........................... 61

27D....... Powers of inspection of premises of a solicitor ............................... 62

27E........ Notice to give access to business premises ...................................... 63

Part V--Enforcement 64

28.......... Failure to provide information .......................................................... 64

29.......... False or misleading information ........................................................ 65

30.......... Incomplete information .................................................................... 66

31.......... Offence to conduct transactions so as to avoid reporting requirements 67

32.......... Injunction .......................................................................................... 68

33.......... Questioning and search powers ........................................................ 70

33A....... Arrest without warrant ..................................................................... 72

34.......... Conduct by directors, servants or agents ......................................... 73

Part VI--Administration 75

38.......... Functions of AUSTRAC CEO ......................................................... 75

Part VIA--Retaining financial transaction documents 77

Division 1--Meaning of key terms used in this Part 77

40C....... Definitions ........................................................................................ 77

40D....... Meaning of customer‑generated financial transaction document ..... 77

40E........ Meaning of minimum retention period ............................................. 78

Division 2--Retaining financial transaction documents 79

40F........ Customer‑generated financial transaction documents not relating to operation of accounts 79

40G....... Releasing original documents if required by law ............................... 79

40H....... Customer‑generated financial transaction documents relating to operation of accounts 80

40J........ Retaining other financial transaction documents .............................. 80

Division 3--Obligations relating to active ADI accounts transferred to another ADI 82

40K....... Transferor ADI must give documents to transferee ADI ................. 82

40L........ Compliant transferor ADIs released from retention obligations ...... 82

40M...... Retention obligations of transferee ADIs ......................................... 82

Division 4--Obligations relating to closed ADI accounts transferred to another ADI 84

40N....... Transferor ADI may give documents to transferee ADI .................. 84

40P........ Compliant transferor ADIs released from retention obligations ...... 84

40Q....... Retention obligations of transferee ADIs ......................................... 84

Division 5--Miscellaneous 86

40R....... Retrieving documents must be reasonably practicable ..................... 86

40S........ This Part does not limit any other retention obligations .................. 86

Part VII--Miscellaneous 87

41.......... Act not to limit Commissioner's powers ......................................... 87

42.......... Administrative Decisions (Judicial Review) Act 1977 not to apply to decisions under this Act 87

42A....... Amendment of Schedules by regulations .......................................... 87

43.......... Regulations ....................................................................................... 87

Schedule 1--Reportable details for purposes of section 7 88

Part A 88

Part B 90

Schedule 2--Prescribed details for purposes of section 12 92

Schedule 3--Reportable details for purposes of section 15 93

Schedule 3A--Reportable details for the purposes of section 15A 95

Schedule 4--Reportable details for purposes of section 16 97

Notes 99

Notes to the Financial Transaction Reports Act 1988

Note 1

The Financial Transaction Reports Act 1988 as shown in this compilation comprises Act No. 64, 1988 amended as indicated in the Tables below.

The Financial Transaction Reports Act 1988 was amended by the Financial Transaction Reports Regulations 1990 (1990 No. 36 as amended by 1990 No. 162; 1992 No. 423; 1997 No. 63; 2001 No. 64). The amendments are incorporated in this compilation.

For application, saving or transitional provisions made by the Corporations (Repeals, Consequentials and Transitionals) Act 2001, see Act No. 55, 2001.

All relevant information pertaining to application, saving or transitional provisions prior to 17 April 1997 is not included in this compilation. For subsequent information see Table A.

Table of Acts

Act	Number and year	Date of Assent	Date of commencement	Application, saving or transitional provisions
Cash Transaction Reports Act 1988	64, 1988	15 June 1988	Ss. 1 and 2: Royal Assent Ss. 3-6, 24, Parts IV, V, VI and VII (ss. 25-43): 1 July 1988 (see Gazette 1988, No. S192) Ss. 7-15: 1 July 1990 (see Gazette 1989, No. S359) Ss. 16 and 17: 1 Jan 1990 (see Gazette 1989, No. S359) Remainder: 1 Feb 1991 (see Gazette 1990, No. S288)
Crimes Legislation Amendment Act (No. 2) 1989	4, 1990	17 Jan 1990	Ss. 1, 2, 36-38, 46, 47, 50(2), 51-53 and Part 4 (ss. 54, 55): Royal Assent Ss. 20-22: 30 June 1990 (see s. 2(2)) Ss. 39 and 48: 1 July 1990 (see s. 2(3)) Ss. 40(1) and 50(1): 1 July 1990 (see s. 2(5) and Gazette 1990, No. S158) S. 40(2): 1 July 1990 (see s. 2(7) and Gazette 1989, No. S359) Ss. 41-45 and 49: 1 Feb 1991 (see s. 2(8)-(12) and Gazette 1990, No. S288) Remainder: 17 July 1990	--
Corporations Legislation Amendment Act 1990	110, 1990	18 Dec 1990	Ss. 8, 9(1) and Parts 4-6 (ss. 10-20): 1 Jan 1991 (see Gazette 1990, No. S335) S. 9(2): 8 Apr 1991 (see Gazette 1991, No. S79) Remainder: Royal Assent	--
Crimes Legislation Amendment Act 1991	28, 1991	4 Mar 1991	Ss. 20-22: Royal Assent (a) S. 23: 29 Apr 1991 (see Gazette 1991, No. S108) (a)	--
Industrial Relations Legislation Amendment Act 1991	122, 1991	27 June 1991	Ss. 4(1), 10(b) and 15-20: 1 Dec 1988 Ss. 28(b)-(e), 30 and 31: 10 Dec 1991 (see Gazette 1991, No. S332) Remainder: Royal Assent	S. 31(2)
Crimes Legislation Amendment Act (No. 2) 1991	123, 1991	23 Aug 1991	Ss. 5-34 and 38-50: 20 Sept 1991 Ss. 35-37: 6 Dec 1991 (see Gazette 1991, No. S330) S. 51: 23 Feb 1992 (see s. 2 (5)) Remainder: Royal Assent	--
Cash Transaction Reports Amendment Act 1991	188, 1991	6 Dec 1991	Ss. 1-3 and 7: Royal Assent Remainder: 6 Dec 1992 (see Gazette 1992, No. GN25)	Ss. 14 and 15
Crimes Legislation Amendment Act 1992	164, 1992	11 Dec 1992	Part 1 (ss. 1, 2) and Parts 3-11 (ss. 18-53): 8 Jan 1993 Remainder: 1 Feb 1993 (see Gazette 1993, No. GN1)	S. 17
as amended by
Statute Law Revision Act 1996	43, 1996	25 Oct 1996	Schedule 3 (items 11, 12): 11 Dec 1992 (b)	--
Banking (State Bank of South Australia and Other Matters) Act 1994	69, 1994	9 June 1994	Ss. 63-65: Royal Assent (c)	S. 63
Law and Justice Legislation Amendment Act 1994	84, 1994	23 June 1994	Part 7 (ss. 45-47): 1 July 1994 (see Gazette 1994, No. S242) (d)	S. 45
Royal Commission into the New South Wales Police Service (Access to Information) Act 1994	170, 1994	16 Dec 1994	16 Dec 1994	--
Crimes and Other Legislation Amendment Act 1994	182, 1994	19 Dec 1994	S. 31: 16 Jan 1995 (e)	--
Mutual Assistance in Criminal Matters Legislation Amendment Act 1996	40, 1996	9 Oct 1996	Ss. 1-3: Royal Assent Remainder: 1 Mar 1997 (see Gazette 1997, No. S50)	--
Financial Transaction Reports Amendment Act 1997	33, 1997	17 Apr 1997	15 May 1997	Sch. 1 (item 76) [see Table A]
Retirement Savings Accounts (Consequential Amendments) Act 1997	62, 1997	28 May 1997	2 June 1997 (see s. 2 and Gazette 1997, No. S202)	--
as amended by
Crimes Legislation Enhancement Act 2003	41, 2003	3 June 2003	Schedule 2 (item 17): (ea)	--
Telecommunications (Interception) and Listening Device Amendment Act 1997	160, 1997	11 Nov 1997	Schedule 4: Royal Assent (f)	--
Financial Sector Reform (Consequential Amendments) Act 1998	48, 1998	29 June 1998	Schedule 1 (items 64-81): 1 July 1998 (see Gazette 1998, No. S316) (g)	--
as amended by
Financial Sector Reform (Amendments and Transitional Provisions) Act (No. 1) 1999	44, 1999	17 June 1999	Schedule 6 (item 18): 1 July 1998 (see Gazette 1998, No. S316) (h)	--
Financial Sector Reform (Amendments and Transitional Provisions) Act 1998	54, 1998	29 June 1998	Schedule 18 (item 47): 1 July 1998 (see Gazette 1998, No. S316) (i)	--
Financial Sector Reform (Amendments and Transitional Provisions) Act (No. 1) 1999	44, 1999	17 June 1999	Schedule 7 (items 46-49): 1 July 1999 (see Gazette 1999, No. S283) (j) Schedule 8: Royal Assent (j)	Sch. 8 (items 22, 23) [see Table A] S. 3(2)(e) (am. by 160, 2000, Sch. 4 [item 4])
as amended by
Financial Sector Legislation Amendment Act (No. 1) 2000	160, 2000	21 Dec 2000	Schedule 1 (item 21): Royal Assent Remainder: 18 Jan 2001	--
Superannuation (Unclaimed Money and Lost Members) Consequential and Transitional Act 1999	128, 1999	13 Oct 1999	Schedule 1 (items 1, 2): 13 Oct 1999 (k)	--
Public Employment (Consequential and Transitional) Amendment Act 1999	146, 1999	11 Nov 1999	Schedule 1 (items 482-485): 5 Dec 1999 (see Gazette 1999, No. S584) (l)	--
Corporate Law Economic Reform Program Act 1999	156, 1999	24 Nov 1999	Schedule 12 (items 1, 25): 24 Nov 2000 (m)	--
Australian Security Intelligence Organisation Legislation Amendment Act 1999	161, 1999	10 Dec 1999	Schedule 4: Royal Assent (n)	--
Law and Justice Legislation Amendment (Application of Criminal Code) Act 2001	24, 2001	6 Apr 2001	S. 4(1), (2) and Schedule 29: (o)	S. 4(1) and (2) [see Table A]
Corporations (Repeals, Consequentials and Transitionals) Act 2001	55, 2001	28 June 2001	Ss. 4-14 and Schedule 3 (items 195-198): 15 July 2001 (see Gazette 2001, No. S285) (p)	Ss. 4-14 [see Note 1]
General Insurance Reform Act 2001	119, 2001	19 Sept 2001	Schedule 3 (item 12): 1 July 2002 (q)	--
Financial Services Reform (Consequential Provisions) Act 2001	123, 2001	27 Sept 2001	Schedule 1 (items 232-236): 11 Mar 2002 (see Gazette 2001, No. GN42) (r)	--
National Crime Authority Legislation Amendment Act 2001	135, 2001	1 Oct 2001	Schedules 1-7, 9-12: 12 Oct 2001 (see Gazette 2001, No. S428) Schedule 8: 13 Oct 2001 (see Gazette 2001, No. S428) Remainder: Royal Assent	--
Measures to Combat Serious and Organised Crime Act 2001	136, 2001	1 Oct 2001	Schedule 6: 29 Oct 2001 (s)	--
Royal Commissions and Other Legislation Amendment Act 2001	166, 2001	1 Oct 2001	1 Oct 2001	--
Statute Law Revision Act 2002	63, 2002	3 July 2002	Schedule 1 (item 19): Royal Assent	--
Suppression of the Financing of Terrorism Act 2002	66, 2002	5 July 2002	Schedule 2: Royal Assent	Sch. 2 (items 9B, 21) [see Table A]
Proceeds of Crime (Consequential Amendments and Transitional Provisions) Act 2002	86, 2002	11 Oct 2002	Ss. 1-3: Royal Assent Remainder: 1 Jan 2003 (see s. 2(1) and Gazette 2002, No. GN44)	--
Australian Crime Commission Establishment Act 2002	125, 2002	10 Dec 2002	Schedule 2 (items 41-76, 226): 1 Jan 2003	Sch. 2 (item 226) [see Table A]
Crimes Legislation Amendment (People Smuggling, Firearms Trafficking and Other Measures) Act 2002	141, 2002	19 Dec 2002	Schedules 1, 2 and Schedule 3 (items 1-22, 24-26): 16 Jan 2003 Schedule 3 (item 23): 1 Jan 2003 (see s. 2(1) (item 4) and Gazette 2002, No. GN44) Remainder: Royal Assent	--
Telecommunications Interception and Other Legislation Amendment Act 2003	113, 2003	12 Nov 2003	Schedule 1: 6 Feb 2004 (see Gazette 2004, No. S27) Remainder: Royal Assent	--
Family and Community Services and Veterans' Affairs Legislation Amendment (2003 Budget and Other Measures) Act 2003	122, 2003	5 Dec 2003	Schedule 2 (items 4-13): Royal Assent	Sch. 2 (item 13) [see Table A]
Statute Law Revision Act 2005	100, 2005	6 July 2005	Schedule 1 (items 15-20): Royal Assent	--
Law and Justice Legislation Amendment (Serious Drug Offences and Other Measures) Act 2005	129, 2005	8 Nov 2005	Schedule 6: Royal Assent	--
Law and Justice Legislation Amendment (Video Link Evidence and Other Measures) Act 2005	136, 2005	15 Nov 2005	16 Nov 2005	--
Anti‑Terrorism Act (No. 2) 2005	144, 2005	14 Dec 2005	S. 4 and Schedule 9 (items 3, 4, 7): Royal Assent Schedule 3 (item 4): 15 Dec 2005 Schedule 9 (items 1, 2, 5, 6, 8-21): (t)	S. 4 [see Table A] S. 2(1) (items 8, 10, 11, 13-19) (am. by 170, 2006, Sch. 1 [items 2-11])
as amended by
Anti‑Money Laundering and Counter‑Terrorism Financing (Transitional Provisions and Consequential Amendments) Act 2006	170, 2006	12 Dec 2006	Schedule 1 (items 2-11): (ta)	--
Law Enforcement Integrity Commissioner (Consequential Amendments) Act 2006	86, 2006	30 June 2006	Schedule 1 (items 33-40): 30 Dec 2006 (see s. 2(1))	--
Financial Transaction Reports Amendment Act 2006	134, 2006	9 Nov 2006	Schedule 1: (u) Remainder: Royal Assent	S. 2(1) (item 2) (am. by 170, 2006, Sch. 1 [item 147])
as amended by
Anti‑Money Laundering and Counter‑Terrorism Financing (Transitional Provisions and Consequential Amendments) Act 2006	170, 2006	12 Dec 2006	Schedule 1 (item 147): (ua)	--
Anti‑Money Laundering and Counter‑Terrorism Financing (Transitional Provisions and Consequential Amendments) Act 2006	170, 2006	12 Dec 2006	Schedule 1 (items 40-57, 59-78, 80-89, 93-112, 114-119, 121, 123, 125-128, 131-146): 13 Dec 2006 (see s. 2(1)) Schedule 1 (items 58, 79, 90-92, 113, 120, 122, 124, 129, 130, 159-165): (v)	Sch. 1 (items 159-165) [see Table A]
as amended by
Anti‑Money Laundering and Counter‑Terrorism Financing Amendment Act 2007	52, 2007	12 Apr 2007	Schedule 1 (item 53): 13 Apr 2007	--
Australian Citizenship (Transitionals and Consequentials) Act 2007	21, 2007	15 Mar 2007	Schedules 1-3: 1 July 2007 (see s. 2(1) and F2007L01653) Remainder: Royal Assent	--
Private Health Insurance (Transitional Provisions and Consequential Amendments) Act 2007	32, 2007	30 Mar 2007	Schedule 2 (item 11): 1 Apr 2007 (see s. 2(1))	--
Anti‑Money Laundering and Counter‑Terrorism Financing Amendment Act 2007	52, 2007	12 Apr 2007	Schedule 1 (item 57A): (w) Schedule 1 (item 58): 13 Apr 2007 Schedule 1 (items 59-61): 13 Dec 2006	--
Financial Transaction Reports Amendment (Transitional Arrangements) Act 2008	124, 2008	25 Nov 2008	25 Nov 2008	--
Tax Laws Amendment (2009 Measures No. 1) Act 2009	27, 2009	26 Mar 2009	Schedule 2 (item 42): 27 Mar 2009	--
Customs Amendment (Enhanced Border Controls and Other Measures) Act 2009	34, 2009	22 May 2009	Schedule 10 (items 3, 4): 19 June 2009	Sch. 10 (item 4) [see Table A]

(a) The Financial Transaction Reports Act 1988 was amended by sections 20-23 only of the Crimes Legislation Amendment Act 1991, subsections 2(1) and (2) of which provide as follows:

(1) Subject to this section, this Act commences on the day on which it receives the Royal Assent.

(2) Section 23, paragraph 30(b), subsection 61(2) and sections 62, 63, 67 and 73 commence on a day to be fixed by Proclamation, being the day on which Schedule 1(3) to the State Drug Crime Commission (Amendment) Act 1990 of New South Wales commences.

(b) The Crimes Legislation Amendment Act 1992 was amended by Schedule 3 (items 11 and 12) only of the Statute Law Revision Act 1996, subsection 2(3) of which provides as follows:

(3) Each item in Schedule 3 is taken to have commenced when the Act containing the provision amended by the item received the Royal Assent.

(c) The Financial Transaction Reports Act 1988 was amended by sections 63-65 only of the Banking (State Bank of South Australia and Other Matters) Act 1994, subsection 2(1) of which provides as follows:

(1) Subject to this section, this Act commences on the day on which it receives the Royal Assent.

(d) The Financial Transaction Reports Act 1988 was amended by Part 7 (sections 45-47) only of the Law and Justice Legislation Amendment Act 1994, subsection 2(6) of which provides as follows:

(6) Part 7 commences on a day to be fixed by Proclamation.

(e) The Financial Transaction Reports Act 1988 was amended by section 31 only of the Crimes and Other Legislation Amendment Act 1994, subsection 2(4) of which provides as follows:

(4) The amendments made by this Act to the Australian Federal Police Act 1979, the Crimes (Aviation) Act 1991 (other than the amendment made to Schedule 5 to that Act), the Crimes (Hostages) Act 1989, the Crimes (Internationally Protected Persons) Act 1976, the Crimes (Overseas) Act 1964, the Crimes (Superannuation Benefits) Act 1989, the Crimes (Traffic in Narcotic Drugs and Psychotropic Substances) Act 1990, the Customs Act 1901, the Director of Public Prosecutions Act 1983, the Extradition Act 1988, the Financial Transaction Reports Act 1988 and to sections 23 and 59 of the Proceeds of Crime Act 1987 commence on the 28th day after the day on which this Act receives the Royal Assent.

(ea) Subsection 2(1) (item 11) of the Crimes Legislation Enhancement Act 2003 provides as follows:

(1) Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, on the day or at the time specified in column 2 of the table.

Commencement information
Column 1	Column 2	Column 3
Provision(s)	Commencement	Date/Details
11. Schedule 2, item 17	Immediately after the Retirement Savings Accounts (Consequential Amendments) Act 1997 received the Royal Assent	28 May 1997

(f) The Financial Transaction Reports Act 1988 was amended by Schedule 4 only of the Telecommunications (Interception) and Listening Device Amendment Act 1997, subsection 2(1) of which provides as follows:

(1) Subject to subsections (2) and (3), this Act commences on the day on which it receives the Royal Assent.

(g) The Financial Transaction Reports Act 1988 was amended by Schedule 1 (items 64-81) only of the Financial Sector Reform (Consequential Amendments) Act 1998, subsection 2(2) of which provides as follows:

(2) Subject to subsections (3) to (14), Schedules 1, 2 and 3 commence on the commencement of the Australian Prudential Regulation Authority Act 1998.

(h) The Financial Sector Reform (Consequential Amendments) Act 1998 was amended by Schedule 6 (item 18) only of the Financial Sector Reform (Amendments and Transitional Provisions) Act (No. 1) 1999, subsection 3(9) of which provides as follows:

(9) Items 18 and 19 of Schedule 6 are taken to have commenced immediately before the commencement of the Australian Prudential Regulation Authority Act 1998.

(i) The Financial Transaction Reports Act 1988 was amended by Schedule 18 (item 47) only of the Financial Sector Reform (Amendments and Transitional Provisions) Act 1998, subsection 2(2)(p) of which provides as follows:

(2) The following provisions of this Act commence on the commencement of the Australian Prudential Regulation Authority Act 1998:

(p) Schedule 18, other than the items amending the Australian Prudential Regulation Authority Act 1998.

(j) The Financial Transaction Reports Act 1988 was amended by Schedule 7 (items 46-49) only of the Financial Sector Reform (Amendments and Transitional Provisions) Act (No. 1) 1999, subsections 3(1), (2)(e) and (16) of which provide as follows:

(1) Subject to this section, this Act commences on the day on which it receives the Royal Assent.

(2) The following provisions commence on the transfer date:

(e) subject to subsection (12), Schedule 7, other than items 43, 44, 118, 205 and 207 (the commencement of those items is covered by subsections (10), (11) and (13)).

(16) The Governor‑General may, by Proclamation published in the Gazette, specify the date that is to be the transfer date for the purposes of this Act.

(k) The Financial Transaction Reports Act 1988 was amended by Schedule 1 (items 1 and 2) only of the Superannuation (Unclaimed Money and Lost Members) Consequential and Transitional Act 1999, subsections 2(1) and (2) of which provide as follows:

(1) In this section, commencing time means the time when the Superannuation (Unclaimed Money and Lost Members) Act 1999 commences.

(2) Subject to this section, this Act commences at the commencing time.

(l) The Financial Transaction Reports Act 1988 was amended by Schedule 1 (items 482-485) only of the Public Employment (Consequential and Transitional) Amendment Act 1999, subsections 2(1) and (2) of which provide as follows:

(1) In this Act, commencing time means the time when the Public Service Act 1999 commences.

(2) Subject to this section, this Act commences at the commencing time.

(m) The Financial Transaction Reports Act 1988 was amended by Schedule 12 (items 1 and 25) only of the Corporate Law Economic Reform Program Act 1999, subsection 2(4) of which provides as follows:

(4) If an item in Schedule 11 or 12 does not commence under subsection (2) within the period of 12 months beginning on the day on which this Act receives the Royal Assent, it commences on the first day after the end of that period.

(n) The Financial Transaction Reports Act 1988 was amended by Schedule 4 only of the Australian Security Intelligence Organisation Legislation Amendment Act 1999, subsection 2(1) of which provides as follows:

(1) This Act (other than Schedule 3) commences on the day on which it receives the Royal Assent.

(o) The Financial Transaction Reports Act 1988 was amended by Schedule 29 only of the Law and Justice Legislation Amendment (Application of Criminal Code) Act 2001, subsection 2(1)(a) of which provides as follows:

(1) Subject to this section, this Act commences at the later of the following times:

(a) immediately after the commencement of item 15 of Schedule 1 to the Criminal Code Amendment (Theft, Fraud, Bribery and Related Offences) Act 2000;

Item 15 commenced on 24 May 2001.

(p) The Financial Transaction Reports Act 1988 was amended by Schedule 3 (items 195-198) only of the Corporations (Repeals, Consequentials and Transitionals) Act 2001, subsection 2(3) of which provides as follows:

(3) Subject to subsections (4) to (10), Schedule 3 commences, or is taken to have commenced, at the same time as the Corporations Act 2001.

(q) The Financial Transaction Reports Act 1988 was amended by Schedule 3 (item 12) only of the General Insurance Reform Act 2001, subsection 2(2) of which provides as follows:

(2) Schedules 1 and 3 to this Act commence, or are taken to have commenced, on 1 July 2002.

(r) The Financial Transaction Reports Act 1988 was amended by Schedule 1 (items 232-236) only of the Financial Services Reform (Consequential Provisions) Act 2001, subsections 2(1) and (6) of which provide as follows:

(1) In this section:

FSR commencement means the commencement of item 1 of Schedule 1 to the Financial Services Reform Act 2001.

(6) Subject to subsections (7) to (17), the other items of Schedule 1 commence on the FSR commencement.

(s) The Financial Transaction Reports Act 1988 was amended by Schedule 6 only of the Measures to Combat Serious and Organised Crime Act 2001, subsection 2(5) of which provides as follows:

(5) The remainder of this Act commences on the 28th day after the day on which it receives the Royal Assent.

(t) Subsection 2(1) (items 8, 10, 11, 13-19 and 24) of the Anti‑Terrorism Act (No. 2) 2005 provides as follows:

(1) Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

Provision(s)	Commencement	Date/Details
8. Schedule 9, items 1 and 2	14 December 2006 . However, if section 3 of the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 commences before 14 December 2006 , the provision(s) do not commence at all.	Do not commence
10. Schedule 9, item 5	14 December 2006 . However, if section 3 of the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 commences before 14 December 2006 , the provision(s) do not commence at all.	Does not commence
11. Schedule 9, item 6	14 December 2006 . However, if section 3 of the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 commences before 14 December 2006 , the provision(s) do not commence at all.	Does not commence
13. Schedule 9, items 8 and 9	14 December 2006 . However, if section 3 of the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 commences before 14 December 2006 , the provision(s) do not commence at all.	Do not commence
14. Schedule 9, item 10	14 December 2006 . However, if section 3 of the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 commences before 14 December 2006 , the provision(s) do not commence at all.	Does not commence
15. Schedule 9, item 11	14 December 2006 . However, if section 3 of the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 commences before 14 December 2006 , the provision(s) do not commence at all.	Does not commence
16. Schedule 9, items 12 and 13	14 December 2006 . However, if section 3 of the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 commences before 14 December 2006 , the provision(s) do not commence at all.	Do not commence
17. Schedule 9, items 14 and 15	14 December 2006 . However, if section 3 of the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 commences before 14 December 2006 , the provision(s) do not commence at all.	Do not commence
18. Schedule 9, items 16 and 17	14 December 2006 . However, if section 3 of the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 commences before 14 December 2006 , the provision(s) do not commence at all.	Do not commence
19. Schedule 9, items 18 to 24	14 December 2006 . However, if section 3 of the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 commences before 14 December 2006 , the provision(s) do not commence at all.	Do not commence
24. Schedule 1, items 152 to 165	At the same time as section 3 of the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 commences.	13 December 2006

(ta) Subsection 2(1) (item 3) of the Anti‑Money Laundering and Counter‑Terrorism Financing (Transitional Provisions and Consequential Amendments) Act 2006 provides as follows:

Provision(s)	Commencement	Date/Details
3. Schedule 1, items 2 to 11	Immediately after the commencement of section 2 of the Anti‑Terrorism Act (No. 2) 2005.	14 December 2005

(u) Subsection 2(1) (item 2) of the Financial Transaction Reports Amendment Act 2006 provides as follows:

Provision(s)	Commencement	Date/Details
2. Schedule 1	Immediately after the commencement of item 10 of Schedule 9 to the Anti‑Terrorism Act (No. 2) 2005. However, if section 3 of the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 commences before 14 December 2006 , the provision(s) do not commence at all.	Does not commence

Provision(s)

Commencement

Date/Details

2. Schedule 1

Immediately after the commencement of item 10 of Schedule 9 to the Anti‑Terrorism Act (No. 2) 2005.

However, if section 3 of the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 commences before 14 December 2006 , the provision(s) do not commence at all.

Does not commence

(ua) Subsection 2(1) (item 21) of the Anti‑Money Laundering and Counter‑Terrorism Financing (Transitional Provisions and Consequential Amendments) Act 2006 provides as follows:

Provision(s)	Commencement	Date/Details
21. Schedule 1, item 147	Immediately after the commencement of section 2 of the Financial Transaction Reports Amendment Act 2006.	9 November 2006

(v) Subsection 2(1) (items 5, 7, 9, 11, 13, 15, 17, 19) of the Anti‑Money Laundering and Counter‑Terrorism Financing (Transitional Provisions and Consequential Amendments) Act 2006 provides as follows:

Provision(s)	Commencement	Date/Details
5. Schedule 1, item 58	At the same time as section 3 of the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 commences. However, if that section commences before 14 December 2006, the provision(s) do not commence at all.	Does not commence
7. Schedule 1, item 79	At the same time as section 3 of the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 commences. However, if that section commences before 14 December 2006 , the provision(s) do not commence at all.	Does not commence
9. Schedule 1, items 90 to 92	At the same time as section 3 of the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 commences. However, if that section commences before 14 December 2006 , the provision(s) do not commence at all.	Do not commence
11. Schedule 1, item 113	At the same time as section 3 of the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 commences. However, if that section commences before 14 December 2006 , the provision(s) do not commence at all.	Does not commence
13. Schedule 1, item 120	At the same time as section 3 of the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 commences. However, if that section commences before 14 December 2006 , the provision(s) do not commence at all.	Does not commence
15. Schedule 1, item 122	At the same time as section 3 of the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 commences. However, if that section commences before 14 December 2006, the provision(s) do not commence at all.	Does not commence
17. Schedule 1, item 124	At the same time as section 3 of the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 commences. However, if that section commences before 14 December 2006 , the provision(s) do not commence at all.	Does not commence
19. Schedule 1, items 129 and 130	At the same time as section 3 of the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 commences. However, if that section commences before 14 December 2006 , the provision(s) do not commence at all.	Do not commence

(w) Subsection 2(1) (item 6A) of the Anti‑Money Laundering and Counter‑Terrorism Financing Amendment Act 2007 provides as follows:

Provision(s)	Commencement	Date/Details
6A. Schedule 1, item 57A	Immediately after the commencement of item 56 of Schedule 1 to the Anti‑Money Laundering and Counter‑Terrorism Financing (Transitional Provisions and Consequential Amendments) Act 2006.	13 December 2006

Table of Amendments

ad. = added or inserted am. = amended rep. = repealed rs. = repealed and substituted
Provision affected	How affected
Title .....................................	am. No. 188, 1991; No. 170, 2006
Part I
S. 1 .....................................	am. No. 188, 1991
S. 3 .....................................	am. Nos. 4 and 110, 1990; No. 188, 1991; No. 164, 1992; No. 170, 1994; Nos. 33, 62 and 160, 1997; No. 48, 1998; Nos. 44, 146 and 156, 1999; Nos. 55, 119, 123, 136 and 166, 2001; Nos. 86, 125 and 141, 2002; No. 122, 2003; No. 144, 2005; Nos. 86 and 170, 2006; Nos. 21, 32 and 52, 2007
S. 3A ..................................	ad. No. 144, 2005
S. 5......................................	am. No. 33, 1997
S. 6A...................................	ad. No. 24, 2001
Part II
Division 1
Heading to Div. 1 of Part II...	rs. No. 33, 1997
Heading to s. 7....................	am. No. 33, 1997
S. 7 .....................................	am. No. 164, 1992; No. 170, 2006; No. 52, 2007; No. 124, 2008
S. 8 .....................................	am. No. 170, 2006
S. 8A ..................................	ad. No. 4, 1990
	am. No. 164, 1992; No. 33, 1997; No. 170, 2006
S. 9......................................	am. No. 123, 2001; No. 170, 2006
S. 11....................................	am. No. 170, 2006; No. 124, 2008
Heading to s. 13..................	am. No. 170, 2006
S. 13....................................	am. No. 170, 2006
S. 14....................................	rep. No. 33, 1997
S. 14A ................................	ad. No. 4, 1990
	am. No. 164, 1992
	rep. No. 33, 1997
Division 1A
Heading to Div. 1A of Part II	ad. No. 33, 1997
S. 15 ...................................	am. No. 4, 1990; No. 188, 1991; No. 182, 1994; No. 33, 1997; No. 48, 1998; No. 136, 2001; No. 170, 2006
Division 1B
Div. 1B of Part II...................	ad. No. 33, 1997
S. 15A.................................	ad. No. 33, 1997
	am. No. 170, 2006; No. 124, 2008
Division 2
S. 16 ...................................	am. Nos. 28, 123 and 188, 1991; No. 33, 1997; Nos. 24 and 135, 2001; Nos. 66 and 125, 2002; Nos. 100, 136 and 144, 2005; Nos. 86 and 170, 2006; No. 124, 2008
S. 17 ...................................	am. No. 141, 2002
S. 17A ................................	ad. No. 123, 1991
	rep. No. 33, 1997
Division 3
Div. 3 of Part II ....................	ad. No. 188, 1991
S. 17B.................................	ad. No. 188, 1991
	am. No. 48, 1998; No. 170, 2006; No. 124, 2008
S. 17C.................................	ad. No. 188, 1991
	rs. No. 48, 1998
Ss. 17D-17F.......................	ad. No. 188, 1991
S. 17G ................................	ad. No. 188, 1991
	rep. No. 33, 1997
Division 4
Div. 4 of Part II.....................	ad. No. 164, 1992
Heading to s. 17H ...............	am. No. 136, 2001
S. 17H ................................	ad. No. 164, 1992
S. 17J .................................	ad. No. 136, 2001
Part III
S. 18 ...................................	am. No. 4, 1990; No. 164, 1992; No. 33, 1997; No. 62, 1997 (as am. by No. 41, 2003); No. 128, 1999; No. 24, 2001; No. 170, 2006; No. 27, 2009
S. 19 ...................................	am. No. 4, 1990; No. 188, 1991; No. 164, 1992; No. 170, 2006
S. 20 ...................................	am. No. 4, 1990
	rs. No. 164, 1992
	am. No. 170, 2006
S. 20A ................................	ad. No. 164, 1992
	am. No. 129, 2005; No. 170, 2006
S. 21 ...................................	am. No. 4, 1990; No. 33, 1997; No. 24, 2001
S. 21A ................................	ad. No. 164, 1992
	am. No. 33, 1997; No. 24, 2001; No. 170, 2006
Heading to s. 22 .................	am. No. 170, 2006
S. 22 ...................................	am. No. 164, 1992; No. 33, 1997; No. 170, 2006
S. 23 ...................................	am. No. 4, 1990; No. 123, 1991; No. 164, 1992; No. 33, 1997; No. 170, 2006
Heading to s. 23A...............	rs. No. 48, 1998
Subhead. to s. 23A(2)........	am. No. 48, 1998
Subheads. to s. 23A(4)-(6)	am. No. 48, 1998
S. 23A.................................	ad. No. 69, 1994
	am. No. 33, 1997; No. 48, 1998; No. 24, 2001; No. 170, 2006
Heading to s. 23B................	rs. No. 48, 1998
Subheads. to s. 23B(2)-(5)	am. No. 48, 1998
S. 23B ................................	ad. No. 69, 1994
	am. No. 48, 1998; No. 170, 2006
Heading to s. 24..................	am. No. 48, 1998
S. 24....................................	am. Nos. 33 and 62, 1997; No. 123, 2001; No. 170, 2006
Part IIIA
Part IIIA ...............................	ad. No. 33, 1997
S. 24A.................................	ad. No. 33, 1997
Ss. 24B-24D.......................	ad. No. 33, 1997
	am. No. 170, 2006
Part IV.................................	rep. No. 170, 2006
S. 25 ...................................	am. No. 4, 1990; No. 188, 1991; No. 33, 1997
	rep. No. 170, 2006
S. 26 ...................................	am. No. 28, 1991; No. 33, 1997; No. 135, 2001; No. 125, 2002
	rep. No. 170, 2006
Subhead. to s. 27(1A)........	ad. No. 66, 2002
	rep. No. 170, 2006
Subhead. to s. 27(2)...........	ad. No. 66, 2002
	rep. No. 170, 2006
Subhead. to s. 27(3)...........	ad. No. 66, 2002
	am. No. 122, 2003
	rep. No. 170, 2006
Subheads. to s. 27(4), (5)..	ad. No. 66, 2002
	rep. No. 170, 2006
Subheads. to s. 27(12)-(14)..................................	ad. No. 66, 2002
	rep. No. 170, 2006
S. 27 ...................................	am. No. 4, 1990; Nos. 28, 123 and 188, 1991; No. 170, 1994; No. 40, 1996; Nos. 33 and 160, 1997; No. 54, 1998; Nos. 55, 135, 136 and 166, 2001; Nos. 63, 66 and 125, 2002; Nos. 113 and 122, 2003; No. 100, 2005
	rep. No. 170, 2006
Subheads. to s. 27AA(2)-(4)....................................	ad. No. 66, 2002
	rep. No. 170, 2006
Subheads. to s. 27AA(6)-(8)....................................	ad. No. 66, 2002
	rep. No. 170, 2006
S. 27AA..............................	ad. No. 161, 1999
	am. No. 66, 2002
	rep. No. 170, 2006
Note 2 to s. 27AA(7)...........	rs. No. 66, 2002
	rep. No. 170, 2006
Part IVA
Part IVA...............................	ad. No. 33, 1997
S. 27A.................................	ad. No. 33, 1997
	am. No. 170, 2006
S. 27B.................................	ad. No. 33, 1997
	am. No. 24, 2001; No. 170, 2006
S. 27C.................................	ad. No. 33, 1997
	am. No. 136, 2001; No. 170, 2006
Ss. 27D, 27E.......................	ad. No. 33, 1997
	am. No. 170, 2006
Part V
S. 28 ...................................	am. No. 4, 1990; Nos. 123 and 188, 1991; No. 182, 1994; No. 33, 1997; No. 170, 2006; No. 52, 2007
S. 29 ...................................	am. No. 4, 1990; No. 164, 1992; No. 33, 1997; No. 24, 2001; No. 170, 2006; No. 52, 2007
S. 30....................................	am. No. 33, 1997; No. 24, 2001; No. 170, 2006; No. 52, 2007
S. 31....................................	am. No. 33, 1997
S. 32....................................	am. No. 170, 2006
S. 33 ...................................	am. No. 4, 1990; No. 123, 1991; No. 33, 1997; No. 24, 2001; No. 170, 2006
S. 33A ................................	ad. No. 4, 1990
	am. No. 33, 1997; No. 34, 2009
S. 34....................................	am. No. 33, 1997
Part VI
S. 35 ...................................	am. No. 188, 1991
	rep. No. 170, 2006
S. 36 ...................................	am. Nos. 122 and 188, 1991
	rep. No. 170, 2006
S. 36A.................................	ad. No. 122, 1991
	rep. No. 170, 2006
S. 36B ................................	ad. No. 122, 1991
	am. No. 146, 1999
	rep. No. 170, 2006
S. 37 ...................................	am. No. 188, 1991
	rep. No. 170, 2006
Heading to s. 38..................	am. No. 170, 2006
S. 38 ...................................	am. Nos. 123 and 188, 1991; No. 164, 1992; No. 170, 2006
S. 39 ...................................	am. No. 188, 1991
	rs. No. 33, 1997
	rep. No. 170, 2006
S. 40 ...................................	am. No. 188, 1991; No. 84, 1994; No. 146, 1999
	rep. No. 170, 2006
S. 40A ................................	ad. No. 4, 1990
	am. No. 188, 1991
	rep. No. 170, 2006
S. 40B ................................	ad. No. 123, 1991
	am. No. 188, 1991
	rep. No. 170, 2006
Part VIA
Part VIA...............................	ad. No. 86, 2002
Division 1
Ss. 40C, 40D ......................	ad. No. 86, 2002
	am. No. 170, 2006
S. 40E .................................	ad. No. 86, 2002
Division 2
Ss. 40F-40H ......................	ad. No. 86, 2002
S. 40J .................................	ad. No. 86, 2002
Division 3
Ss. 40K-40M ......................	ad. No. 86, 2002
Division 4
S. 40N ................................	ad. No. 86, 2002
Ss. 40P, 40Q ......................	ad. No. 86, 2002
Division 5
Ss. 40R, 40S ......................	ad. No. 86, 2002
Part VII
S. 42 ...................................	am. No. 188, 1991; No. 170, 2006
S. 42A ................................	ad. No. 4, 1990
	am. No. 33, 1997
Schedule 1
Schedule 1..........................	am. Statutory Rules 1990 No. 162; Statutory Rules 1997 No. 63; No. 170, 2006
Schedule 2
Schedule 2 .........................	am. Statutory Rules 1990 No. 162
Schedule 3
Schedule 3 .........................	am. Statutory Rules 1990 No. 162; Statutory Rules 1992 No. 423
Schedule 3A
Schedule 3A.......................	ad. No. 33, 1997
Schedule 4
Schedule 4 .........................	am. Statutory Rules 1990 No. 36; Statutory Rules 1992 No. 423; Statutory Rules 2001 No. 64

Table A

Application, saving or transitional provision

Financial Transaction Reports Amendment Act 1997 (No. 33, 1997)

Schedule 1

76 Transitional and saving provisions

(1) A member of the staff of AUSTRAC who was an authorised officer immediately before the commencement of this Act for the purposes of the Financial Transaction Reports Act 1988 continues to be such an officer as if he or she had been appointed under section 27A of that Act as amended by this Act.

(2) A delegation in force under section 39 of the Financial Transaction Reports Act 1988 immediately before the commencement of this Act continues in force as if it had been made under section 39 of that Act as amended by this Act.

Financial Sector Reform (Amendments and Transitional Provisions) Act (No. 1) 1999 (No. 44, 1999)

Schedule 8

22 Regulations may deal with transitional, saving or application matters

(1) The regulations may deal with matters of a transitional, saving or application nature relating to:

(a) the transition from the application of provisions of the replaced legislation to the application of provisions of the Banking Act 1959, the Life Insurance Act 1995, the Financial Sector (Transfers of Business) Act 1999, the Financial Sector (Shareholdings) Act 1998 or the Australian Prudential Regulation Authority Act 1998; or

(b) the transition, for The Cairns Cooperative Weekly Penny Savings Bank Limited, from the application of provisions of the Financial Intermediaries Act 1996 of Queensland to the application of provisions of any of the Acts referred to in paragraph (a); or

(2) Without limiting subitem (1), the regulations may provide for a matter to be dealt with, wholly or partly, in any of the following ways:

(a) by applying (with or without modifications) to the matter:

(i) provisions of a law of the Commonwealth, or of a State or Territory; or

(ii) provisions of a repealed or amended law of the Commonwealth, or of a State or Territory, in the form that those provisions took before the repeal or amendment; or

(iii) a combination of provisions referred to in subparagraphs (i) and (ii);

(b) by otherwise specifying rules for dealing with the matter;

(c) by specifying a particular consequence of the matter, or of an outcome of the matter, for the purposes of a law of the Commonwealth.

(3) Without limiting subitems (1) and (2), the regulations may provide for the continued effect, for the purposes of a provision of a law of the Commonwealth, of a thing done or instrument made, or a class of things done or instruments made, before the transfer date under or for the purposes of a provision of a law of a State or Territory. In the case of an instrument or class of instruments, the regulations may provide for the instrument or instruments to continue to have effect subject to modifications.

(4) Without limiting subitem (3), regulations providing for the continued effect of things done or instruments made may permit all or any of the following matters to be determined in writing by a specified person, or by a person included in a specified class of persons:

(a) the identification of a thing done or instrument made, or a class of things done or instruments made, that is to continue to have effect;

(b) the purpose for which a thing done or instrument made, or a class of things done or instruments made, is to continue to have effect;

(c) any modifications subject to which an instrument made, or a class of instruments made, is to continue to have effect.

(5) Despite subsection 48(2) of the Acts Interpretation Act 1901, regulations for the purposes of this item:

(a) may be expressed to take effect from a date before the regulations are notified in the Gazette; and

(b) may provide for a determination of a kind referred to in subitem (4) to take effect from a date before the determination is made (including a date before the regulations are notified in the Gazette).

(6) In this item, a reference to a law, whether of the Commonwealth or of a State or Territory, includes a reference to an instrument made under such a law.

(7) In this item:

replaced legislation means:

(a) the AFIC Codes; and

(b) the Financial Institutions Codes; and

(d) the Australian Financial Institutions Commission Act 1992 of Queensland, and any Act of another State or of a Territory that provides for the application, as a law of the State or Territory, of the Code set out in section 21 of the Australian Financial Institutions Commission Act 1992 of Queensland; and

(e) the Financial Institutions (Queensland) Act 1992 of Queensland, and any Act of another State or of a Territory that provides for the application, as a law of the State or Territory, of the Code set out in section 30 of the Financial Institutions (Queensland) Act 1992 of Queensland; and

(f) the Friendly Societies (Victoria) Act 1996 of Victoria, and any Act of another State or of a Territory that provides for the application, as a law of the State or Territory, of the Code set out in the Schedule to the Friendly Societies (Victoria) Act 1996 of Victoria; and

(g) the Friendly Societies (Western Australia) Act 1999; and

(h) any other law of a State or Territory prescribed by the regulations for the purposes of this definition.

23 Power to make regulations

The Governor‑General may make regulations, not inconsistent with this Act, prescribing matters required or permitted by this Act to be prescribed.

Law and Justice Legislation Amendment (Application of Criminal Code) Act 2001 (No. 24, 2001)

4 Application of amendments

(1) Subject to subsection (3), each amendment made by this Act applies to acts and omissions that take place after the amendment commences.

(2) For the purposes of this section, if an act or omission is alleged to have taken place between 2 dates, one before and one on or after the day on which a particular amendment commences, the act or omission is alleged to have taken place before the amendment commences.

Suppression of the Financing of Terrorism Act 2002 (No. 66, 2002)

Schedule 2

9B Saving of authorisations and undertakings

For the purposes of subsection 27(1B) of the Financial Transaction Reports Act 1988 as amended by this Schedule, neither of the following is affected by the amendments of that Act by this Schedule:

(a) an authorisation conferred on the Anti‑Corruption Commission of Western Australia by the Director;

(b) an undertaking by that Commission to the Director.

21 Application--items 1‑8

The amendments made by items 1 to 8 of this Schedule apply to transactions completed on or after the day on which this Schedule commences.

Australian Crime Commission Establishment Act 2002 (No. 125, 2002)

Schedule 2

226 Transitional regulations

(1) The Governor‑General may make regulations prescribing matters of a transitional nature (including prescribing any saving or application provisions) arising out of the amendments made by this Schedule.

(2) Despite subsection 48(2) of the Acts Interpretation Act 1901, regulations made under this item within 1 year after commencement of this item may commence on a day earlier than the day on which they are made, but not earlier than the commencement of this item.

Family and Community Services and Veterans' Affairs Legislation Amendment (2003 Budget and Other Measures) Act 2003 (No. 122, 2003)

Schedule 2

13 Application

The amendments of the Financial Transaction Reports Act 1988 made by this Schedule apply to FTR information obtained by the Director before, on or after the commencement of this Schedule.

Anti‑Terrorism Act (No. 2) 2005 (No. 144, 2005)

4 Review of anti‑terrorism laws

(1) The Council of Australian Governments agreed on 27 September 2005 that the Council would, after 5 years, review the operation of:

(a) the amendments made by Schedules 1, 3, 4 and 5; and

(b) certain State laws.

(2) If a copy of the report in relation to the review is given to the Attorney‑General, the Attorney‑General must cause a copy of the report to be laid before each House of Parliament within 15 sitting days after the Attorney‑General receives the copy of the report.

Anti‑Money Laundering and Counter‑Terrorism Financing (Transitional Provisions and Consequential Amendments) Act 2006
(No. 170, 2006)

159 Instrument of appointment--AUSTRAC CEO

(1) This item applies to an instrument of appointment that:

(a) was in force immediately before the commencement of this item; and

(b) was made under subsection 36(1) of the Financial Transaction Reports Act 1988.

(a) it had been made under subsection 214(1) of the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006; and

(b) a reference in the instrument to the Director of AUSTRAC were a reference to the AUSTRAC CEO.

(3) This item does not limit section 25B of the Acts Interpretation Act 1901.

160 Terms and conditions of appointment--AUSTRAC CEO

(1) This item applies to an instrument that:

(a) was in force immediately before the commencement of this item; and

(b) was made under subsection 36(2) of the Financial Transaction Reports Act 1988.

(2) If the person who held office as Director of AUSTRAC immediately before the commencement of this item remains in office as the AUSTRAC CEO after the commencement of this item, the instrument (to the extent to which it deals with matters not covered by the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006) has effect, after the commencement of this item, as if:

(a) it had been made under section 220 of the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006; and

(b) a reference in the instrument to the Director of AUSTRAC were a reference to the AUSTRAC CEO.

(3) This item does not limit section 25B of the Acts Interpretation Act 1901.

161 Acting appointments

(1) This item applies to an instrument of appointment that:

(a) was in force immediately before the commencement of this item; and

(b) was made under subsection 37(1) of the Financial Transaction Reports Act 1988.

(2) The instrument has effect, after the commencement of this item, as if:

(a) it had been made under subsection 221(1) of the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006; and

(b) a reference in the instrument to the Director of AUSTRAC were a reference to the AUSTRAC CEO.

(3) This item does not limit section 25B of the Acts Interpretation Act 1901.

162 Leave--AUSTRAC CEO

(1) This item applies to an instrument that:

(a) was in force immediately before the commencement of this item; and

(b) was made under subsection 36B(2) of the Financial Transaction Reports Act 1988.

(a) it had been made under subsection 216(2) of the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006; and

(b) a reference in the instrument to the Director of AUSTRAC were a reference to the AUSTRAC CEO.

(3) This item does not limit section 25B of the Acts Interpretation Act 1901.

163 Delegations

(1) This item applies to an instrument of delegation that:

(a) was in force immediately before the commencement of this item; and

(b) was made under section 39 of the Financial Transaction Reports Act 1988.

(2) The instrument has effect, after the commencement of this item, as if:

(a) it had been made under subsection 222(1) of the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006; and

(b) a reference in the instrument to the Director of AUSTRAC were a reference to the AUSTRAC CEO.

(3) This item does not limit section 25B of the Acts Interpretation Act 1901.

164 Consultants

(1) This item applies to an agreement or determination that:

(a) was in force immediately before the commencement of this item; and

(b) was made under subsection 40A(1) or (2) of the Financial Transaction Reports Act 1988.

(2) The agreement or determination has effect, after the commencement of this item, as if:

(a) it had been made under subsection 225(1) or (2), as the case requires, of the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006; and

(b) a reference in the agreement or determination to the Director of AUSTRAC were a reference to the AUSTRAC CEO.

(3) This item does not limit section 25B of the Acts Interpretation Act 1901.

165 Transitional regulations

The Governor‑General may make regulations prescribing matters of a transitional nature relating to:

(a) the amendments made by this Act; or

(b) the enactment of this Act or the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006.

Customs Amendment (Enhanced Border Controls and Other Measures) Act 2009 (No. 34, 2009)

Schedule 10

4 Application to arrests made before commencement of this Schedule

(1) The amendments made by this Schedule do not affect the validity of an arrest made before the commencement of this Schedule.

(2) Subject to subitem (3), the amendments made by this Schedule do not apply in relation to an arrest made before the commencement of this Schedule.

(3) Subsections 210(3) and (4) of the Customs Act 1901 as in force after the commencement of this Schedule apply in relation to a person arrested under section 210 of that Act before the commencement of this Schedule as if he or she had been arrested under that section after that commencement.

Commonwealth Consolidated Acts

FINANCIAL TRANSACTION REPORTS ACT 1988 - NOTES