Financial Transaction Reports Amendment Regulations 2002 (No. 1) (Cth)

Financial Transaction Reports Amendment Regulations 2002 (No. 1)1

Statutory Rules 2002 No. 2572

I, PETER JOHN HOLLINGWORTH, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Financial Transaction Reports Act 1988.

Dated 30 October 2002

PETER HOLLINGWORTH

Governor-General

By His Excellency’s Command

CHRISTOPHER MARTIN ELLISON

Minister for Justice and Customs

1Name of Regulations

These Regulations are the Financial Transaction Reports Amendment Regulations 2002 (No. 1).

2Commencement

These Regulations commence on 1 January 2003.

3Amendment of Financial Transaction Reports Regulations 1990

Schedule 1 amends the Financial Transaction Reports Regulations 1990.

Schedule 1Amendment

(regulation 3)

  

[1]After regulation 11C

insert

11DRetention of documents — minimum amount of transaction for document retention provisions to apply

For subsection 40H (2) of the Act, the amount is $1 000.

Notes

1. These Regulations amend Statutory Rules 1990 No. 36, as amended by 1990 Nos. 162, 340 and 341; 1991 Nos. 7, 89 and 166; 1992 Nos. 90, 320 and 423; 1997 Nos. 63 and 303; 2000 No. 288; 2001 No. 64.

2. Notified in the Commonwealth of Australia Gazette