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CASH TRANSACTION REPORTS AMENDMENT ACT 1991 No. 188 of 1991 - SECT 7
Reports in relation to transfer of currency into or out of Australia
7. Section 15 of the Principal Act is amended:
(a) by inserting after subsection (7A) the following subsections:
"(7B) For the purposes of paragraph (7A)(a), the time at which currency is
brought into Australia by a person is:
(a) if the person:
(i) transfers the currency into Australia when a passenger on an aircraft
or ship; and
(ii) after disembarking, goes through an area set apart for customs
officers to examine the passports and personal baggage of, and perform
other duties in respect of, disembarking passengers and for such
passengers to collect personal baggage - as soon as the person reaches
the place in that area at which customs officers examine personal
baggage or, if the person does not go to that place, when the person
leaves that area; or
(b) in any other case - the first opportunity after arrival in Australia
that the person has to give the report under this section.
"(7C) For the purposes of paragraph (7A)(a), the time at which currency is
taken out of Australia by a person is:
(a) if the person:
(i) transfers the currency out of Australia when a passenger on an
aircraft or ship; and
(ii) before embarking, goes through an area set apart for customs officers
to examine the passports of, and perform other duties in respect of,
embarking passengers - when the person is at the place in that area at
which customs officers examine passports; or
(b) in any other case - as soon as the person reaches the customs officer
who is to examine the person's passport in relation to the person
leaving Australia or, if there is no such examination, the last
opportunity before leaving Australia that the person has to give the
report under this section.";
(b) by inserting after subsection (8) the following subsections:
"(8A) For the purposes of this section, if a person:
(a) arranges to leave Australia as a passenger on an aircraft or ship; and
(b) for the purpose of leaving Australia, goes towards an aircraft or ship
through an area described in paragraph (7C)(a); and
(c) either:
(i) takes currency into that area; or
(ii) has currency in his or her personal baggage; and
(d) does not give a report about the currency when at the place described
in that paragraph; the person is taken to have transferred the
currency out of Australia.
"(8B) Subparagraph (8A)(c)(i) does not apply to an amount of currency if the
person:
(a) informs a customs officer at the place described in paragraph (7C)(a)
of an intention to spend that amount before embarking; and
(b) spends that amount before embarking.".
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