Crimes Legislation Amendment (Serious and Organised Crime) Act (No. 2) 2010 (4 of 2010)

Schedule 5   Money laundering

Part 2   Anti-Money Laundering and Counter-Terrorism Financing Act 2006

26   Section 5 (definition of stored value card )

Repeal the definition, substitute:

stored value card does not include a debit card or credit card but includes a portable device (other than a debit card or credit card) that:

(a) is capable of:

(i) storing monetary value in a form other than physical currency; or

(ii) being used to gain access to monetary value stored in such a form; and

(b) is of a kind prescribed by the regulations.