Explanatory Memorandum
(Circulated by authority of the Minister for Justice and Customs, Senator the Honourable Chris Ellison)Schedule 6 - Reports of Financial Transactions
Financial Transactions Reports Act 1988
This proposed item inserts an example after subsection 20A(1) of the Financial Transaction Reports Act 1988 which is intended to clarify the effect of subsection 20A(1) of the Act especially for the benefit of solicitors administering deceased estates.