- Date
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30 Oct 2012
- Chamber
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Senate
- Status
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Not Proceeding
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Sponsor
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XENOPHON, Sen Nick
- Summary
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Amends the
Anti-Money Laundering and Counter-Terrorism Financing Act 2006
to: provide that poker machine payouts of more than $1000 and the cashing of transferred cheques are threshold transactions which are reportable to the Australian Transaction Reports and Analysis Centre; require gaming machine venues to issue cheques for payouts of winnings or gaming machine credits over $1000 with an indication that they have been issued for that purpose; and impose penalties for failure to issue cheques in those circumstances.