Commonwealth Consolidated Regulations

FINANCIAL TRANSACTION REPORTS REGULATIONS 1990 - REG 11AB

                For the definition of international funds transfer instruction in subsection 3 (1) of the Act, an instruction is of a prescribed kind if:

                (a)    it is transmitted out of Australia by a corporate treasurer for the purpose of providing financial management services to a related body corporate; or

               (b)    it is transmitted into Australia to a corporate treasurer for the purpose of assisting the corporate treasurer to provide financial management services to a related body corporate.