Financial Transaction Reports Act 1988

SCHEDULE 2  

Subsection 12(5)


PRESCRIBED DETAILS FOR PURPOSES OF SECTION 12

For the purposes of section 12, the following are the prescribed details of a transaction, or class of transactions, conducted by a person with a financial institution:

  • 1. For each person conducting the transaction with the financial institution:
  • (a) the name of the person; and
  • (b) the business or residential address of the person; and
  • (c) the occupation, business or principal activity of the person.
  • 2. A statement whether the exemption covers deposits, withdrawals or both.
  • 3. The total amount of currency involved in the transaction or the range of amounts of currency involved in the class of transactions.
  • 3A. The total monetary amount of the transaction or the range of monetary amounts of the class of transactions.
  • 3B. The amount and types of any foreign currency involved in a transaction.
  • 4. The date of the transaction or the period during which the class of transactions is to be exempt.
  • 5. The name of, and the office held by, the person making the decision to grant or amend the exemption.
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