Commonwealth Numbered Acts

CASH TRANSACTION REPORTS ACT 1988 No. 64 of 1988 - SECT 24

24. (1) A person shall not open an account with a cash dealer in a false name.

(2) A person shall not operate an account with a cash dealer in a false name.

(3) Where a person is commonly known by 2 or more different names, the person
shall not use one of those names in opening an account with a cash dealer
unless the person has previously disclosed the other name or names to the
cash dealer.

(4) Where a person is commonly known by 2 or more different names, the person
shall not use one of those names in operating an account with a cash dealer
unless the person has previously disclosed the other name or names to the
cash dealer.

(5) Where a person using a particular name in dealings with a cash dealer
discloses to the dealer a different name or different names by which the
person is commonly known, the dealer shall make a record of the disclosure and
shall, upon request in writing from the Director, give the Director a copy of
that record.

(6) A person who contravenes subsection (1), (2), (3), (4) or (5) is guilty of
an offence against this subsection punishable, upon conviction, by:

   (a)  if the offender is a natural person-a fine not exceeding $5,000 or
        imprisonment for a period not exceeding 2 years, or both; or

   (b)  if the offender is a body corporate-a fine not exceeding $25,000.

(7) For the purposes of this section:

   (a)  a person opens an account in a false name if the person, in opening
        the account, or becoming a signatory to the account, uses a name other
        than a name by which the person is commonly known; and

   (b)  a person operates an account in a false name if the person does any
        act or thing in relation to the account (whether by way of making a
        deposit or withdrawal or by way of communication with the cash dealer
        concerned or otherwise) and, in doing so, uses a name other than a
        name by which the person is commonly known.