Financial Transaction Reports Act 1988

PART II - TRANSACTION REPORTS  

Division 1 - Cash transaction reports by cash dealers  

SECTION 13   AUSTRAC CEO TO HAVE ACCESS TO EXEMPTION REGISTERS  

13(1)   [Notice to give access to register]  

The AUSTRAC CEO may, by written notice to a financial institution, require the institution to give an authorised officer specified in the notice access to its exemption register on the day and during the hours specified in the notice.

13(2)   [Compliance with subsec (1) notice]  

Where the AUSTRAC CEO gives a financial institution notice under subsection (1), the institution shall comply with the notice.

13(3)   [Hours to be specified in notice]  

The hours specified in a notice under subsection (1) shall be during the normal business hours of the financial institution to which the notice is given.

13(4)   [Copies or extracts of register]  

Where an authorised officer may inspect an exemption register, the officer may also make a copy of, or take extracts from, the register.

13(5)   [Notice to give copy of register]  

The AUSTRAC CEO may, by written notice to a financial institution, require the institution to give the AUSTRAC CEO, or an authorised officer specified in the notice, a copy of:

(a) its exemption register; or

(b) entries in its exemption register falling within the class of entries specified in the notice;

together with any other information relating to the register, or to the entries, that is specified in the notice.

13(6)   [Compliance with subsec (5) notice]  

Where the AUSTRAC CEO gives a financial institution notice under subsection (5), the institution shall comply with the notice within 30 days after receiving the notice.