Treasury Laws Amendment (2023 Law Improvement Package No. 1) Act 2023 (76 of 2023)
Schedule 2 ALRC Financial Services Interim Report: single glossary of defined terms
Part 3 Consequential amendments of other Acts
Financial Transaction Reports Act 1988
646 Subsection 9(4)
Repeal the subsection, substitute:
(4) A significant cash transaction is also an exempt transaction if it is between:
(a) a financial services licensee (within the meaning of the Corporations Act 2001) whose licence covers dealing in derivatives (within the meaning of Chapter 7 of that Act); and
(b) a clearing and settlement facility (within the meaning of that Act) that is associated with a financial market (within the meaning of Chapter 7 of that Act) of which the financial services licensee is a member.