Commonwealth Numbered Regulations

1992 No. 320 CASH TRANSACTION REPORTS REGULATIONS (AMENDMENT) - REG 5

5.1 After regulation 11, insert: Prescribed details in relation to an
international funds transfer instruction

"11AA. (1) For the purposes of subsection 17B (2) of the Act, the prescribed
details for a report of an instruction that is transmitted out of Australia
are:

   (a)  the sender's name; and

   (b)  the recipient's name; and

   (c)  the date on which transmission of the instruction commenced; and

   (d)  the currency and the amount of funds referred to in the instruction;
        and

   (e)  the name or identity of the branch or department of the financial
        organisation to which the ordering customer gave the request to
        transmit the instruction; and

   (f)  for a financial organisation transfer instruction:

        (i)    the identity and account number (if any) of the beneficiary
               organisation; and

        (ii)   if the ordering organisation is not the sender-the identity of
               the ordering organisation; and

   (g)  for a customer transfer instruction-the ordering customer's name and
        location; and

   (h)  for a customer transfer instruction-such of the following as appear in
        the instruction:

        (i)    the number of the ordering customer's account with the ordering
               organisation;

        (ii)   the beneficiary customer's name and location;

        (iii)  the number of the beneficiary customer's account with the
               disbursing organisation; and

   (j)  such of the following as appear in the instruction:

        (i)    the identification code assigned to the instruction by the
               sender;

        (ii)   the date on which the funds referred to in the instruction
               become available for the recipient to disburse;

        (iii)  the identity of the ordering organisation;

        (iv)   the account of the sender or another financial organisation
               through which the sender will reimburse the recipient;

        (v)    the branch of the recipient or another financial organisation
               at which the funds will be made available to the recipient;

        (vi)   the identity of the disbursing organisation;

        (vii)  information given in the instruction by the ordering customer
               to the beneficiary customer about the reason for payment;

        (viii) information or directions provided by the sender, in the
               instruction, to a financial organisation, or a branch or
               department of a financial organisation;

        (ix)   the name or identity of the branch or department of a financial
               organisation; and

   (k)  if the dealer provides a copy of an instruction as the dealer's
        report-such other details as appear in the instruction as transmitted.

"(2) For the purposes of subsection 17B (2) of the Act, the prescribed details
for a report of an instruction that is transmitted into Australia are:

   (a)  the sender's name; and

   (b)  the recipient's name; and

   (c)  the date on which the recipient receives the instruction; and

   (d)  the currency and the amount of funds referred to in the instruction;
        and

   (e)  for a financial organisation transfer instruction:

        (i)    the identity and account number (if any) of the beneficiary
               organisation; and

        (ii)   if the ordering organisation is not the sender-the identity of
               the ordering organisation; and

   (f)  for a customer transfer instruction-such of the following as appear in
        the instruction:

        (i)    the ordering customer's name; and

        (ii)   the ordering customer's location; and

        (iii)  the number of the ordering customer's account with the ordering
               organisation; and

        (iv)   the beneficiary customer's name; and

        (v)    the beneficiary customer's location; and

        (vi)   the number of the beneficiary customer's account with the
               disbursing organisation; and

   (g)  such of the following as appear in the instruction:

        (i)    the identification code assigned to the instruction by the
               sender; and

        (ii)   the date on which the funds referred to in the instruction
               become available for the recipient to disburse; and

        (iii)  the identity of the ordering organisation; and

        (iv)   the account of the sender or another financial organisation
               through which the sender will reimburse the recipient; and

        (v)    the branch of the recipient or another financial organisation
               at which the funds will be made available to the recipient; and

        (vi)   the identity of the disbursing organisation; and

        (vii)  information given in the instruction by the ordering customer
               to the beneficiary customer about the reason for payment; and

        (viii) information or directions provided by the sender, in the
               instruction, to a financial organisation, or a branch or
               department of a financial organisation; and

        (ix)   the name or identity of a branch or department of a financial
               organisation; and

   (h)  if the dealer provides a copy of an instruction as the dealer's
        report-such other details as appear in the instruction as
        transmitted.".