Reports of International Funds Transfer Instructions - Exemption - Australian Government

Service summary

You will require this exemption if you operate as a cash dealer in Australia and are seeking to be exempted from preparing a report regarding international funds transfer instructions.

The following cash dealers are required to prepare these reports:

  • Senders of an international funds transfer instruction transmitted outside Australia

        and

  • Receivers of international funds transfer instruction transmitted into Australia.

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

At least one of the following must apply:

  • The cash dealer is acting on behalf of, or at the request of, another person who is not an Authorised Deposit-taking Institution (ADI); and
  • The cash dealer is not an ADI, and the dealer must prepare a report of the instruction before reporting time. (14 days after the day of transmission received if transmitted into Australia or 14 days after day instruction transmitted if out of Australia)

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

Duration

As specified on the exemption.

Fees

 TypeDescription
ApplyApplication

No fees are required.

Forms

 Resources
Apply

Reports of International Funds Transfer Instructions - Exemption - 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,
Australia

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.