Commonwealth Consolidated Regulations

FINANCIAL TRANSACTION REPORTS REGULATIONS 1990 - REG 9

         (1)   In this regulation:

"community leader" , in relation to an Aboriginal or Torres Strait Islander community, means:

                (a)    a person who is recognised by the members of the community to be a community elder; or

               (b)    if there is an Aboriginal council that represents the community -- an elected member of the council; or

                (c)    a member of a Regional Council established under section 92 of the Aboriginal and Torres Strait Islander Commission Act 1989 ; or

               (d)    a member, or a member of the staff, of a local land council established under section 21 of the Aboriginal Land Rights (Northern Territory) Act 1976 ; or

                (e)    a member of the staff of the Aboriginal and Torres Strait Islander Commission; or

               (g)    a director of an Aboriginal or Torres Strait Islander corporation within the meaning of the Aboriginal and Torres Strait Islander Commission Act 1989 .

         (2)   The name of an Aboriginal person or Torres Strait Islander ordinarily resident in an isolated area who is a signatory of an account or party to the bullion transaction may also be verified by a community leader of the community to which the signatory or party to the bullion transaction belongs.

         (3)   Each verification of the name of a signatory or party to the bullion transaction under subregulation (2) is worth 50 points.