Financial Transaction Reports Act 1988

PART VIA - RETAINING FINANCIAL TRANSACTION DOCUMENTS  

Division 1 - Meaning of key terms used in this Part  

SECTION 40C  

40C   DEFINITIONS  

In this Part:

account
means any facility or arrangement through which a financial institution accepts deposits or allows withdrawals, and includes a facility or arrangement for:

(a) an interest bearing deposit lodged for a fixed period; and

(b) a safety deposit box.

financial transaction document
, in relation to a financial institution, means any document that relates to a financial transaction carried out, before the commencement of Division 1 of Part 2 of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 , by the institution in its capacity as a financial institution and, without limiting the generality of this, includes a document relating to:

(a) the opening, operating or closing of an account held with the institution; and

(b) the opening or use of a safety deposit box held with the institution.