Document ID: chunk:federal_register_of_legislation:C2025C00044:section:5:p3
Version: federal_register_of_legislation:C2025C00044
Segment Type: section
Provision Reference: s 5 (pt 3/19)
Character Range: 39092–41928

1988.
AUSTRAC information means the following:
 (a) information obtained by, or generated by, an AUSTRAC entrusted person under or for the purposes of this Act;
 (b) information obtained by an AUSTRAC entrusted person under or for the purposes of any other law of the Commonwealth or a law of a State or a Territory;
 (c) information obtained by an AUSTRAC entrusted person from a government body;
 (d) FTR information (within the meaning of the Financial Transaction Reports Act 1988, as in force immediately before its repeal).
Australia, when used in a geographical sense, includes the external Territories.
Australian account means an account held in Australia.
Australian carbon credit unit has the same meaning as in the Carbon Credits (Carbon Farming Initiative) Act 2011.
Australian financial services licence has the same meaning as in the Corporations Act 2001.
Australian government body means:
 (a) the Commonwealth, a State or a Territory; or
 (b) an agency or authority of:
 (i) the Commonwealth; or
 (ii) a State; or
 (iii) a Territory.
authorised officer means:
 (a) the AUSTRAC CEO; or
 (b) a person for whom an appointment as an authorised officer is in force under section 145.
batched electronic funds transfer instruction means an electronic funds transfer instruction accepted by an ADI or a bank from a particular payer, where:
 (a) the transfer instruction is one of a particular batch of electronic funds transfer instructions accepted by the ADI or bank from the payer; and
 (b) the batch is, or is to be, passed on or dispatched in a single file that includes the complete payer information in respect of each of the electronic funds transfer instructions in the batch.
bearer negotiable instrument has the meaning given by section 17.
beneficiary institution, in relation to an electronic funds transfer instruction:
 (a) in the case of a multiple‑institution person‑to‑person electronic funds transfer instruction—has the meaning given by subsection 8(1); or
 (b) in the case of a same‑institution person‑to‑person electronic funds transfer instruction—has the meaning given by subsection 8(2); or
 (c) in the case of a multiple‑institution same‑person electronic funds transfer instruction—has the meaning given by subsection 9(1); or
 (d) in the case of a same‑institution same‑person electronic funds transfer instruction—has the meaning given by subsection 9(2).
   bet includes wager.
betting instrument means a thing (whether real or virtual):
 (a) that represents monetary value or digital currency value; and
 (b) that is designed to be used for the purpose of, or for purposes which include:
 (i) placing or making a bet; or
 (ii) paying out winnings in respect of a bet;
but does not include:
 (c) a gaming chip or token; or
 (d) a thing that, under the AML/CTF Rules, is taken not to be a betting