Commonwealth Consolidated Acts

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).