Federal Register of Legislation - Australian Government

Primary content

Cash Transaction Reports Regulations (Amendment)

Authoritative Version
  • - F1996B00924
  • No longer in force
SR 1992 No. 90 Regulations as made
These Regulations amend the Cash Transaction Reports Regulations.
Administered by: Attorney-General's
General Comments: This instrument was backcaptured in accordance with Section 36 of the Legislative Instruments Act 2003
Registered 01 Jan 2005
Tabling HistoryDate
Tabled HR28-Apr-1992
Tabled Senate28-Apr-1992
Gazetted 14 Apr 1992
Date of repeal 09 Apr 2013
Repealed by Attorney-General's (Spent and Redundant Instruments) Repeal Regulation 2013








Statutory  Rules  1992   No. 901




Cash Transaction Reports Regulations 2 (Amendment)



I, THE GOVERNOR-GENERAL of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Cash Transaction Reports Act 1988.


          Dated 7 April 1992.


                                                                                         BILL HAYDEN


          By His Excellency’s Command,








1.   Commencement

1.1   These Regulations commence on 4 May 1992.



2.   Amendment

2.1   The Cash Transaction Reports Regulations are amended as set out in these Regulations.



3.   Regulation 2 (Interpretation)

3.1   Subregulation 2 (1) (definition of “public company”):

Omit the definition.


3.2   Subregulation 2 (1) (definition of “Telecom”):

Omit the definition, substitute:

‘Telecom’ has the same meaning as in the Australian and Overseas Telecommunications Corporation Act 1991;”.


3.3   Subregulation 2 (1):

After the definition of “higher education institution”, insert:

‘incorporated body’ means:

               (a)  a public company within the meaning of the Corporations Law; or

               (b)  a body corporate that is a subsidiary of a public company within the meaning of sections 46 to 49 (inclusive) of the Corporations Law; or

               (c)  a proprietary company within the meaning of the Law in which one or more shares is owned by a public company within the meaning of the Corporations Law; or

              (d)  a bank; or

               (e)  a building society; or

               (f)  a credit union; or

               (g)  a society established under a law in force in a State or Territory providing for the establishment of mutual societies or friendly societies; or

               (h)  a proprietary company within the meaning of the Corporations Law, or an incorporated association:

                           (i)  that has traded for a continuous period of 2 years; or

                          (ii)  that has maintained an account with a financial institution for a continuous period of 2 years; or

                (i)  a body established or incorporated for a public purpose;”.


3.3   Subregulation 2 (2):

Omit the subregulation.



4.   Regulation 3 (The verification procedure)

4.1   Subregulation 3 (5):

Omit “Corporations Act 1989”, substitute “Corporations Law”.



5.   Regulation 4 (Verification generally)

5.1   Subregulation 4 (1):

After paragraph (h), insert:

              “(i)  if the identifying cash dealer is a financial body—it verifies that the signatory has been a signatory of an account with the body for at least 36 months immediately before the verification (verification by this means is worth 100 points); and”.



6.   Regulation 5 (Verification: public authorities and incorporated bodies)

6.1   Omit “a body established or incorporated for a public purpose or public company” (wherever occurring), substitute “incorporated body”.


6.2   Omit “or company” (wherever occurring).


6.3   Subregulation 5 (1):

Omit “, body”, substitute “or body”.



7.   Regulation 8 (Verification: non-residents)

7.1   Subregulation 8 (1):

Omit “Corporations Act 1989”, substitute “Corporations Law”.



8   Regulation 11b (Matters prescribed for the purposes of section 18 of the Act)

8.1   Add at the end:

             “(3)  For the purposes of subsection 18 (8) of the Act, the following particulars are prescribed:

               (a)  the date on which the account became blocked;

               (b)  the account holder’s name and address;

               (c)  if it is known to the cash dealer—the account holder’s occupation, business or principal activity;

              (d)  the type and identification number of the account;

               (e)  the unverified signatory’s name;

               (f)  if it is known to the cash dealer—the unverified signatory’s address;

               (g)  the name of each other signatory (if any);

               (h)  if it is known to the cash dealer—the address of each other signatory (if any);

                (i)  the cash dealer’s name and address;

                (j)  the nature of the cash dealer’s business;

               (k)  the identifying number of the branch where the account is held;

                (l)  the signature of the cash dealer, or an authorised officer of the dealer;

              (m)  the name, title, telephone number and facsimile number         of the cash dealer or person who signed on behalf of the cash dealer;

               (n)  the total funds deposited in the account on and after the latest of the following dates:

                           (i)  1 February 1991;

                          (ii)  the date the account was opened;

                         (iii)  the date of the last notice under subsection 18 (8) of the Act relating to the account;

               (o)  the total amount of cash deposited in the account since the latest of the dates referred to in paragraph (n);

               (p)  the date of the last transaction on the account;

               (q)  the reasons why the account was blocked, including statements indicating:

                           (i)  whether the credit balance of the account has exceeded $1,000;

                          (ii)  whether the total credits to the account over a period of 30 consecutive days exceeded $2,000;

               (r)  the reason why the account remains blocked.”.





1.      Notified in the Commonwealth of Australia Gazette on 14 April 1992.


2.      Statutory Rules 1990 No. 36 as amended by 1990 Nos. 162, 340 and 341; 1991 Nos. 7, 89 and 166.