Reports of International Funds Transfer Instructions - Exemption - Australian Government

Description

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

Fees Details for this service in table format.

Task Type Business Structure Description
Apply Application Sole Trader, Partnership, Company, Trust, Co-operative, Incorporated Association, Other

No fees are required.

Administering agency

Australian Transaction Reports and Analysis Centre

Contact details

Contact Email, Phone and Address Details for this service in simple two column table format, header then data.

AUSTRAC Call Centre

Mailing address: PO BOX 5516
West Chatswood, New South Wales 1515
Toll Free: 1300 021 037
Fax: 03 8636 0508
Email: contact@austrac.gov.au
Website: Australian Transaction Reports and Analysis Centre (Opens in new window)