Commonwealth Numbered Regulations

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FINANCIAL TRANSACTION REPORTS REGULATIONS 2019 (F2019L01173) - REG 17

Alternative verification procedure--persons receiving student financial supplement

             (1)  This section applies if:

                     (a)  a person:

                              (i)  has a document, issued by the Social Services Department, certifying that the person referred to in the document is eligible to apply for financial supplement under the Student Financial Supplement Scheme set out in Part 4A of the Student Assistance Act 1973 ; and

                             (ii)  gives the document to an identifying cash dealer no later than 3 months after the day on which the document is issued; and

                            (iii)  applies to the identifying cash dealer for the amount of the financial supplement to be paid into an account to which the person is a signatory; and

                     (b)  the identifying cash dealer:

                              (i)  has entered into an agreement with the Commonwealth for the purposes of subsection 12D(1) of that Act; and

                             (ii)  accepts the person's application.

             (2)  The alternative verification procedure for the person is the verification by the identifying cash dealer of the person's identity from the document referred to in subparagraph (1)(a)(i) of this section.

             (3)  The verification of the person's identity under the alternative verification procedure specified in subsection (2) is worth 100 points.



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