Commonwealth Numbered Regulations

FINANCIAL TRANSACTION REPORTS REGULATIONS 2019 (F2019L01173) - REG 13

             (1)  A person who is a signatory to an account is also taken to be identified if:

                     (a)  immediately before the person most recently arrived in Australia, the person was not ordinarily resident in Australia; and

                     (b)  the person produces the person's international travel document to the identifying cash dealer; and

                     (c)  at the time of production of the international travel document the person has been in Australia for a period:

                              (i)  that commences on the day on which the person most recently arrived in Australia, or on the first day since that arrival on which the person is lawfully at large in Australia, whichever is the later; and

                             (ii)  the duration of which is less than 6 weeks.

             (2)  The identifying cash dealer must:

                     (a)  copy each of the documents produced; or

                     (b)  record for each of those documents the particulars mentioned in section 18.

             (3)  Verification of the identity of a signatory under the alternative verification procedure specified in subsection (1) is worth 100 points.