A Bill for an Act to amend the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006, and for related purposes
The Parliament of Australia enacts:
1 Short title
This Act may be cited as the Anti‑Money Laundering Amendment (Gaming Machine Venues) Act 2012.
2 Commencement
This Act commences on the day after this Act receives the Royal Assent.
3 Schedule(s)
Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.
Schedule 1—Amendment of the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006
1 Section 5
Insert:
gaming machine credit means credit (whether in the form of tokens or otherwise) that is accumulated on a gaming machine as a result of either or both of the following:
(a) inserting money into the gaming machine;
(b) playing and winning a game on the gaming machine.
2 Section 5 (after paragraph (b) of the definition of threshold transaction)
Insert:
(ba) a transaction involving the transfer of money for the purpose of paying out winnings, and/or paying an amount for gaming machine credits, at an eligible gaming machine venue, where the total amount transferred is $1,000 or more; or
(bb) a transaction involving the transfer of money on presentation of a cheque, where:
(i) the cheque was issued for the purpose of paying out winnings, and/or paying an amount for gaming machine credits, at an eligible gaming machine venue; and
(ii) the amount of the cheque is $1,000 or more; and
(iii) the cheque is presented by, or on behalf of, a person who is in possession of the cheque as an indorsee; or
3 Subsection 6(4) (after table item 10)
Insert:
| 10A | in the capacity of controller of an eligible gaming machine venue, paying an amount for gaming machine credits, where: (a) the gaming machine on which the credits were accumulated is located at the venue; and (b) the amount is paid by the controller as agent of the owner or lessee of the gaming machine; and (c) the service is provided in the course of carrying on a business | the person to whom the amount is paid |
4 At the end of Part 12
Add:
143A Cheques to be used when paying out certain amounts at eligible gaming machine venues
(1) A person commits an offence if:
(a) the person is a reporting entity; and
(b) the person provides a designated service at an eligible gaming machine venue; and
(c) the designated service involves the transfer of money for the purpose of paying out winnings and/or paying an amount for gaming machine credits; and
(d) the total amount transferred is $1,000 or more; and
(e) the transfer of money is not in the form of a cheque that:
(i) indicates that it has been issued for the purpose of paying out winnings, and/or paying an amount for gaming machine credits, at an eligible gaming machine venue; and
(ii) is payable to or to the order of one or more persons.
Penalty: Imprisonment for 2 years or 120 penalty units.
(2) In this section:
to or to the order of has the same meaning as in the Cheques Act 1986.