Commonwealth Consolidated Regulations

FINANCIAL TRANSACTION REPORTS REGULATIONS 1990 - REG 10B

         (1)   This regulation applies if:

                (a)    a person:

                          (i)    applies to an identifying cash dealer for financial supplement under subsection 12D (1) of the Student Assistance Act 1973 ; and

                         (ii)    has a document, issued by the Department of Education, Training and Youth Affairs, certifying that the person referred to in the document is eligible to apply for financial supplement under the Student Financial Supplement Scheme set out in Part 4A of that Act; and

                        (iii)    gives the document to the cash dealer no later than 3 months after the day on which the document is issued; and

               (b)    the cash dealer:

                          (i)    has entered into an agreement with the Commonwealth for the purposes of subsection 12D (1) of that Act; and

                         (ii)    accepts the person's application.

         (2)   For the purposes of subparagraph 20A (1) (b) (i) of the Act, the verification procedure for the person is the verification by the identifying cash dealer of the person's identity from the document referred to in subparagraph (1) (a) (ii).

         (3)   The verification of the person's identity is worth 100 points.