Commonwealth Numbered Acts

CRIMES LEGISLATION AMENDMENT ACT 1992 No. 164 of 1992 - SECT 9

9. Section 18 of the Principal Act is amended:

   (a)  by omitting subsections (2), (2A) and (2B) and substituting the
        following subsections:

"(2) If, at the end of the infringement day, the cash dealer does not have the
account information about the account, the account is blocked with respect to
each signatory until the cash dealer has the information or the Director gives
a notice under subsection 19(2). Note: a cash dealer is not required to obtain
any information that has already been obtained in relation to another account.

"(2A) If, at the end of the infringement day, the cash dealer does not have
the signatory information about the person ('unverified signatory'), the
account is blocked with respect to that signatory until the cash dealer has
that information or the Director gives a notice under subsection 19(2).";
Note: a cash dealer is not required to obtain any information that has already
been obtained in relation to another account.
(b) by omitting from subsection (3) "a verification statement from the
unverified signatory" and substituting "the account information and the
signatory information";

   (c)  by omitting subsections (4), (5) and (5A) and substituting the
        following subsections:

"(4) If:

   (a)  a signatory, knowing that the account is blocked, makes a withdrawal
        from the account at any time when the account is blocked under
        subsection (2); or

   (b)  the unverified signatory, knowing that the account is blocked, makes a
        withdrawal from the account at any time when the account is blocked
        under subsection (2A); the signatory commits an offence against this
        subsection.

"(4A) If:

   (a)  a signatory makes a withdrawal from the account at any time when the
        account is blocked under subsection (2); or

   (b)  the unverified signatory makes a withdrawal from the account at any
        time when the account is blocked under subsection (2A); the cash
        dealer commits an offence against this subsection.

"(5) If an account becomes blocked under subsection (2) or (2A), the cash
dealer commits an offence against this subsection at the end of the period
prescribed for the purposes of this subsection unless it has given the
Director a written notice stating:

   (a)  the reasons why the account became blocked; and

   (b)  sufficient details of the account for the account to be identified;
        and

   (c)  if the account became blocked because of subsection (2A) - the name of
        the unverified signatory.";

   (d)  by omitting from subsection (6) "or (4)" and substituting(e) by
        omitting subsection (7) and substituting the following subsection:

"(7) If:

   (a)  the cash dealer gives the Director a notice under subsection (5); and

   (b)  as a result of the cash dealer's obtaining account information or
        signatory information, the account ceases to be blocked with respect
        to a signatory with respect to whom it had been blocked; the cash
        dealer must, within 14 days of obtaining the information, give the
        Director written notice that the account has become unblocked to that
        extent and for that reason.";

   (f)  by omitting from subsection (9) "(5A)";

   (g)  by omitting from paragraph (10)(b) "or";

   (h)  by omitting paragraphs (10)(c) and (d).