Declaration as an Identifying Cash Dealer - Australian Government

Service summary

You will require this declaration if you are a cash dealers or authorised deposit-taking institutions (ADIs) intending to use certain designated identification checks to satisfy the identification verification requirements.

Cash dealers are required to comply with identification requirements in order to verify the identity of persons intending to open a new account or become a signatory to an existing account.

Please consult the Contact Officer for more information.

Service type

Licence

A licence defines the need to obtain recognition / certification and registration to undertake a certain business activity.

Eligibility requirements

To be eligible for this declaration you must provide a written undertaking where you undertake to:

  • Carry out the designated verification procedures and to take all reasonable steps to complete the procedures promptly in each case; and
  • Report to the Agency in relation to information obtained as a result of carrying out the above-mentioned procedures; and
  • Provide the Agency with written reports in respect of certain periods regarding your complaince with the legislation.

Your application, and the undertaking accompanying it, must be signed by yourself personally or, if you are a body corporate, your principal executive officer.

Please consult the Contact Officer for more information regarding eligibility requirements.

Duration

Ongoing.

Fees

 TypeDescription
ApplyApplication

No fees are required.

Forms

 Resources
Apply

Application for Declaration as an Identifying Cash Dealer - Please consult the Contact Officer for information on forms to be submitted.

Administering agency

Australian Transaction Reports and Analysis Centre

Act(s) name

Financial Transaction Reports Act 1988 (Australian Government)

Contact details

Help Desk
Australian Transaction Reports and Analysis Centre


Operating address:
Level 7, Tower A, Zenith Centre
821 Pacific Hwy
West Chatswood
New South Wales 2067
Mailing address:
PO BOX 5516
West Chatswood, New South Wales 1515

Phone:

02 99500055

Phone:

1300021037

Fax:

02 99500054
help_desk@austrac.gov.au

Supporting information

Disclaimer

The information contained on the Australian Business Licence and Information Service (ABLIS) web site, or via packages or other sources is intended for general guidance only.

To the full extent permitted by law, the Federal, State, Territory and Local Governments make no representations or warranties (expressed or implied) in relation to the information, including its accuracy, currency or completeness.

The business information provided does not constitute professional or legal advice, nor is the use of any third party resource an endorsement of the information contained, the associated organisation, product or service. It is recommended that you obtain appropriate professional and /or independent legal advice to ensure that the material provided here is relevant to your particular circumstances.

To the full extent permitted by law the Federal, State, Territory and Local Governments, their employees and agents do not accept any liability for any reason, including without limitation, liability in negligence, to any person for the general information which is provided herein, or in respect of anything, including the consequences of anything done, or not done, by any such person in whole or partial reliance upon the information.