Financial Transaction Reports Act 1988
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Hide history noteThis section applies if an authorised officer is given access to business premises of a cash dealer in compliance with a notice under section 27E .
27C(2) [Compliance]For the purpose of monitoring a cash dealer ' s compliance with sections 7 , 16 and 17B , the officer may inspect:
(a) any records kept at, or accessible from, the premises that relate to the dealer ' s obligations under those sections; and
(b) any system used by the dealer at the premises for keeping those records; and
(c) any reports retained at, or accessible from, the premises under those sections; and
(d) any system used by the dealer in connection with:
(i) preparing reports under those sections; or
(ii) sending such reports to the AUSTRAC CEO; or
(iii) retaining such reports.
For the purpose of monitoring the compliance of a cash dealer who is an approved cash carrier with the record-keeping obligations referred to in section 8 , the officer may inspect:
(a) records containing reportable details (within the meaning of that section) of significant cash transactions to which the cash dealer is a party that are kept at, or accessible from, the premises; and
(b) any system used by the dealer at those premises for keeping such records.
For the purpose of monitoring a cash dealer ' s compliance with section 20 and any undertaking given under section 8A , the officer may inspect:
(a) records of account information and signatory information kept at, or accessible from, the premises; and
(b) any system used by the dealer at those premises for keeping such records. 27C(4) [Bullion seller ' s records]
For the purpose of monitoring compliance, by a cash dealer who is a bullion seller, with sections 24C and 24D , the officer may inspect:
(a) records of information compiled or obtained in the course of obtaining an identification record for a party to a bullion transaction, being records kept at, or accessible from, the premises; and
(b) any system used by the bullion seller at the premises for keeping such records. 27C(5) [Copies/extracts]
An authorised officer who is empowered under this section to inspect records or reports of a cash dealer may also receive or make copies of, or take extracts from, those records or reports.
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