Commonwealth Numbered Regulations Commonwealth Numbered Regulations(1) For the purposes of subparagraph (c)(v) of the definition of account information in subsection 3(1) of the Act and subject to subsection (2) of this section, the following details in relation to an account held in trust are prescribed:
(a) the name and address of the trustee;
(b) either:
(i) if the terms of the trust identify the beneficiaries under the trust by reference only to membership of a class--details of the class; or
(ii) otherwise--the name of each beneficiary under the trust.
(2) A cash dealer who provides account information in relation to an account held in trust is not required to provide the details mentioned in subsection (1) if the account is:
(a) held by, or operated in connection with, a superannuation fund; or
(b) held by:
(i) the Commonwealth or a State or Territory; or
(ii) a public authority or a rating authority.