Commonwealth Consolidated Acts

FINANCIAL TRANSACTION REPORTS ACT 1988 - SECT 8

             (1)  The AUSTRAC CEO may, by notice published in the Gazette , declare a cash dealer, being a person referred to in paragraph (k) of the definition of cash dealer in subsection 3(1), to be an approved cash carrier if the AUSTRAC CEO is satisfied that:

                     (a)  the cash dealer maintains records containing reportable details of significant cash transactions to which the cash dealer is a party; and

                     (b)  the declaration of the cash dealer as an approved cash carrier would not be inconsistent with the objects of this Act.

             (2)  In this section:

"reportable details" has the same meaning as in section 7.