FINANCIAL TRANSACTION REPORTS ACT 1988 - SECT 40P Compliant transferor ADIs released from retention obligations
FINANCIAL TRANSACTION REPORTS ACT 1988 - SECT 40P
Compliant transferor ADIs released from retention obligationsSections 40F to 40J do not apply to the transferor ADI, in relation to the second document, if it gave the original or a copy of that document to the transferee ADI within the 120 - day period relating to the giving of the first document.
Note: A defendant bears an evidential burden in relation to the defence
in this section (see subsection 13.3(3) of the Criminal Code ).