Law and Justice Legislation Amendment (Serious Drug Offences and Other Measures) Act 2005 (129 of 2005)

Schedule 6   Reports of Financial Transactions

Financial Transaction Reports Act 1988

1   At the end of subsection 20A(1)

Add:

Example: A solicitor administered the estate of a deceased person who held an account with an identifying cash dealer. The cash dealer carried out the prescribed verification procedure to identify the solicitor when the solicitor closed the deceased person's account.

The solicitor is now administering the estate of another deceased person who also held an account with the cash dealer. If the cash dealer has a record of the verification procedure used to identify the solicitor in relation to the first deceased person's account, it also has an identification record for the solicitor in relation to the other deceased person's account.