(1) For the purposes of subparagraph 20A(1)(b)(i) of the Act and subject to this section, the verification procedure that consists of one or more of the following is prescribed for a signatory to an account:
(a) the checks mentioned in section 10 of this instrument;
(b) in relation to a signatory mentioned in section 11, 12, 13, 14, 15 or 16 of this instrument--the alternative verification procedure for the signatory mentioned in the section that applies to the signatory;
(c) in relation to a person receiving financial supplement as mentioned in section 17 of this instrument--the alternative verification procedure mentioned in that section.
(2) A signatory to an account is taken to be identified by a cash dealer if the cash dealer carries out the verification procedure prescribed under subsection (1) and the signatory obtains at least 100 points as a result of the cash dealer using that verification procedure.
Note: The necessary points may, in appropriate cases, be obtained using a variety of different checks and alternative verification procedures mentioned in sections 10 to 17. For example, an Aboriginal person or Torres Strait Islander could obtain 70 points as a result of a check under section 10 and another 50 points under section 15.
(3) The points attributable to:
(a) a type of source mentioned in a subparagraph of paragraph 10(1)(a), (b) or (c); or
(b) a telephone contact mentioned in paragraph 10(1)(d); or
(c) a document mentioned in paragraph 10(1)(e); or
(d) a document mentioned in paragraph 10(1)(g) issued from a particular source; or
(e) a reference mentioned in a subparagraph of paragraph 10(1)(j);
may only be counted once in relation to the signatory to an account.
Note: An example of the application of subsection (3) would be where P has been identified by P's current employer under subparagraph 10(1)(a)(i) and that identification is worth 35 points. P cannot rely on identification by a former employer to gain a further 35 points for opening the same account. However, the fact that subsection (3) only allows the points for identification under subparagraph 10(1)(a)(i) to be counted once does not prevent P from relying on identification under another subparagraph of paragraph 10(1)(a) or identification under another paragraph of subsection 10(1).
(4) The fact that 2 or more bodies corporate are related does not affect their identity as distinct sources.
Note: An example of the application of paragraph 10(1)(d) and subsection (4) would be where P has been issued with a Mastercard and a Visa Card by P's bank. Each is worth 25 points under paragraph 10(1)(g), but because they have been issued by the same bank, P may only use one of them for identification purposes. Another bank has issued P with a credit card and P also holds a credit card issued by a finance company that is a wholly owned subsidiary of that bank. For the purpose of identifying P, both of the last-mentioned credit cards may be taken into account, giving a total of 75 points.