FINANCIAL TRANSACTION REPORTS ACT 1988 - SECT 40D Meaning of customer - generated financial transaction document

FINANCIAL TRANSACTION REPORTS ACT 1988 - SECT 40D

    In this Part:

"customer-generated financial transaction document" , in relation to a financial institution, means a financial transaction document of the institution:

  (a)   that relates to one or more of the following financial transactions carried out before the commencement of Division   1 of Part   2 of the Anti - Money Laundering and Counter - Terrorism Financing Act 2006 :

  (i)   the opening or closing by a person of an account with the institution;

  (ii)   the operation by a person of an account with the institution;

  (iii)   the opening or use by a person of a safety deposit box held by the institution;

  (iv)   the telegraphic or electronic transfer of funds by the institution on behalf of a person to another person;

  (v)   the transmission of funds between Australia and a foreign country or between foreign countries on behalf of a person;

  (vi)   an application by a person for a loan from the institution (where a loan is made to the person pursuant to the application); and

  (b)   that is given to the institution by or on behalf of the person (whether or not the document is signed by or on behalf of the person).