Financial Transaction Reports Act 1988
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Hide history noteIf the transferee ADI is given the original or a copy of the second document within the 120-day period relating to the giving of the first document, this Part applies to the transferee ADI in relation to the second document as follows:
(a) if the second document was covered by paragraphs 40F(1)(a) to (d) - as if the second document were covered by those paragraphs in relation to the transferee ADI;
(b) if the second document was covered by subsection 40H(1) - as if the second document were covered by that subsection in relation to the transferee ADI;
(c) if the document was covered by subsection 40J(1) - as if the document were covered by that subsection in relation to the transferee ADI;
(d) in any case - as if the minimum retention period applicable to the second document were the period of 7 years after the day on which the account was closed.
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