South Australian Numbered Acts

FINANCIAL TRANSACTION REPORTS (STATE PROVISIONS) (MISCELLANEOUS) AMENDMENT ACT 2013 (NO 4 OF 2013) - SECT 9

9—Amendment of section 7—Protection of cash dealers and reporting entities etc

        (1)         Section 7(1)—after "cash dealer" wherever occurring insert in each case:

or reporting entity

        (2)         Section 7(2)—delete subsection (2) and substitute:

        (2)         If a cash dealer or reporting entity, or a person who is an officer, employee or agent of a cash dealer or reporting entity, complies with section 16 of the FTR Act, section 41, 43 or 45 of the AMLCTF Act, or section 5, 5A or 6 of this Act, the cash dealer, reporting entity or person will not, by reason of his or her involvement in that transaction, be taken to have engaged in money laundering for the purposes of section 138 of the Criminal Law Consolidation Act 1935 .