FINANCIAL TRANSACTION REPORTS ACT 1988 - SECT 27D Powers of inspection of premises of a solicitor

FINANCIAL TRANSACTION REPORTS ACT 1988 - SECT 27D

  (1)   This section applies if an authorised officer is given access to business premises of a solicitor, a solicitor corporation or a partnership of solicitors in compliance with a notice under section   27E.

  (2)   For the purpose of monitoring compliance by the solicitor, corporation or partnership with section   15A, the officer may inspect:

  (a)   any records kept at, or accessible from, the premises that relate to the obligations of the solicitor, corporation or partnership under that section; and

  (b)   any system used by the solicitor, corporation or partnership at the premises for keeping those records; and

  (c)   any reports retained at, or accessible from, the premises under that section; and

  (d)   any system used by the solicitor, corporation or partnership in connection with:

  (i)   preparing reports under that section; or

  (ii)   sending such reports to the AUSTRAC CEO; or

  (iii)   retaining such reports.

  (3)   An authorised officer who is empowered under this section to inspect records or reports of a solicitor, a solicitor corporation or a partnership of solicitors may also receive or make copies of, or take extracts from, those records or reports.