Financial Transaction Reports Act 1988

PART VIA - RETAINING FINANCIAL TRANSACTION DOCUMENTS  

Division 1 - Meaning of key terms used in this Part  

SECTION 40D  

40D   MEANING OF CUSTOMER-GENERATED FINANCIAL TRANSACTION DOCUMENT  

In this Part:

customer-generated financial transaction document
, in relation to a financial institution, means a financial transaction document of the institution:

(a) that relates to one or more of the following financial transactions carried out before the commencement of Division 1 of Part 2 of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 :

(i) the opening or closing by a person of an account with the institution;

(ii) the operation by a person of an account with the institution;

(iii) the opening or use by a person of a safety deposit box held by the institution;

(iv) the telegraphic or electronic transfer of funds by the institution on behalf of a person to another person;

(v) the transmission of funds between Australia and a foreign country or between foreign countries on behalf of a person;

(vi) an application by a person for a loan from the institution (where a loan is made to the person pursuant to the application); and

(b) that is given to the institution by or on behalf of the person (whether or not the document is signed by or on behalf of the person).