Financial Transaction Reports Act 1988 (Repealed)
View history note
Hide history noteA financial institution shall maintain a register in which the institution enters transactions, and classes of transactions, for the purposes of section 11 .
12(2) [Manner and form]The register shall be maintained in the approved manner and form.
12(3) [Register to include prescribed details]The register shall include the prescribed details in relation to each transaction, or class of transactions, that is entered in the register.
12(4) [Entry not in approved manner and form](a) a transaction, or class of transactions, is entered in a financial institution's exemption register;
(b) the entry contains the prescribed details in relation to the transaction or class of transactions; and
(c) the entry is not in the approved manner and form;
the fact that the entry is not in the approved manner and form shall be disregarded in determining whether or not the transaction, or any transaction falling within that class, is an exempt transaction.
12(5) [``prescribed details'']In this section:
"prescribed details"
, in relation to a transaction or class of transactions, means the details of the transaction or class of transactions that are referred to in Schedule
2
.
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.
