Anti-Money Laundering and Counter-Terrorism Financing and Other Legislation Amendment Act 2020 (133 of 2020)

Schedule 1   Amendments

Part 5   Reports about cross-border movements of monetary instruments

Anti-Money Laundering and Counter-Terrorism Financing Act 2006

69   Section 5

Insert:

monetary instrument means any of the following:

(a) physical currency;

(b) a bearer negotiable instrument;

(c) a thing prescribed by the AML/CTF Rules.

monetary instrument amount for a monetary instrument means:

(a) for physical currency - the amount of the currency; or

(b) for a bearer negotiable instrument - the amount payable under the instrument; or

(c) for a thing prescribed by the AML/CTF Rules for the purposes of paragraph (c) of the definition of monetary instrument in this section - the amount worked out in accordance with the AML/CTF Rules.

move :

(a) move a monetary instrument into Australia has the meaning given by section 55; and

(b) move a monetary instrument out of Australia has the meaning given by section 56.