Financial Transaction Reports Act 1988

PART III - ACCOUNTS  

SECTION 20   CASH DEALERS TO HOLD INFORMATION  

20(1)    

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A cash dealer must maintain, in relation to each account, in a way that can be audited:

(a) any account information obtained by the cash dealer for the purposes of compliance with this Part; and

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(b) any signatory information obtained by the cash dealer for the purposes of compliance with this Part in relation to each signatory to the account.

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History

S 20(1) amended by No 12 of 2015, s 3 and Sch 6 items 11 and 12, by substituting " . " for " ; " in para (b) and omitting " (whether or not subsection 18(1) has applied to the account). " at the end of the section, effective 6 March 2015.

S 20(1) amended by No 170 of 2006, s 3 and Sch 1 item 98, by inserting " for the purposes of compliance with this Part " after " cash dealer " in paras (a) and (b), effective 13 December 2006.

20(2)    
Subsection (1) does not apply to information obtained by the cash dealer before the commencement of Part 2 of the Crimes Legislation Amendment Act 1992 .

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History

S 20 and 20A substituted for s 20 by No 164 of 1992. Former s 20 amended by No 4 of 1990.

S 20 proclaimed to commence 1 February 1991.

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