Financial Transaction Reports Act 1988

SCHEDULE 2  

Subsection 12(5)

PRESCRIBED DETAILS FOR PURPOSES OF SECTION 12

For the purposes of section 12, the following are the prescribed details of a transaction, or class of transactions, conducted by a person with a financial institution:

1. For each person conducting the transaction with the financial institution:

(a) the name of the person; and

(b) the business or residential address of the person; and

(c) the occupation, business or principal activity of the person.

2. A statement whether the exemption covers deposits, withdrawals or both.

3. The total amount of currency involved in the transaction or the range of amounts of currency involved in the class of transactions.

3A. The total monetary amount of the transaction or the range of monetary amounts of the class of transactions.

3B. The amount and types of any foreign currency involved in a transaction.

4. The date of the transaction or the period during which the class of transactions is to be exempt.

5. The name of, and the office held by, the person making the decision to grant or amend the exemption.