Commonwealth Consolidated Acts

FINANCIAL TRANSACTION REPORTS ACT 1988 - SECT 40C

                   In this Part:

"account" means any facility or arrangement through which a financial institution accepts deposits or allows withdrawals, and includes a facility or arrangement for:

                     (a)  an interest bearing deposit lodged for a fixed period; and

                     (b)  a safety deposit box.

"financial transaction document" , in relation to a financial institution, means any document that relates to a financial transaction carried out, before the commencement of Division 1 of Part 2 of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 , by the institution in its capacity as a financial institution and, without limiting the generality of this, includes a document relating to:

                     (a)  the opening, operating or closing of an account held with the institution; and

                     (b)  the opening or use of a safety deposit box held with the institution.