Second Reading Speeches

Financial Transaction Reports Amendment Bill 2006

Type
Government
Portfolio
Justice and Customs
Originating house
Senate
Status
Act
Parliament no
41

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Summary

Amends the

Financial Transaction Reports Act 1988
to: amend the definition of “account” and “customer information”; and restrict the application of proposed Division 3A of Part II (which provides for customer information to be included in international funds transfer instructions) to authorised deposit taking institutions.

We acknowledge the traditional owners and custodians of country throughout Australia and acknowledge their continuing connection to land, waters and community. We pay our respects to the people, the cultures and the elders past, present and emerging.

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