Document ID: chunk:federal_register_of_legislation:C2025C00044:section:70
Version: federal_register_of_legislation:C2025C00044
Segment Type: section
Provision Reference: s 70
Character Range: 230251–232268

70  Required transfer information
  For the purposes of the application of this Act to an electronic funds transfer instruction, the required transfer information is:
 (a) if:
 (i) the transfer instruction is of a kind specified in the AML/CTF Rules; or
 (ii) the ordering institution accepts the transfer instruction in circumstances specified in the AML/CTF Rules; or
 (iii) the transfer instruction is, or is to be, passed on, or carried out, in circumstances specified in the AML/CTF Rules;
  the tracing information; or
 (b) if:
 (i) the ordering institution accepts the transfer instruction at or through a permanent establishment of the ordering institution in a particular country; and
 (ii) the beneficiary institution makes, or is to make, the money available at or through a permanent establishment of the beneficiary institution in another country; and
 (iii) the transfer instruction is a batched electronic funds transfer instruction; and
 (iv) paragraph (a) does not apply;
  the tracing information; or
 (c) if:
 (i) the ordering institution accepts the transfer instruction at or through a permanent establishment of the ordering institution in a particular country; and
 (ii) the beneficiary institution makes, or is to make, the money available at or through a permanent establishment of the beneficiary institution in another country; and
 (iii) the transfer instruction is not a batched electronic funds transfer instruction; and
 (iv) paragraph (a) does not apply;
  the complete payer information; or
 (d) if:
 (i) the ordering institution accepts the transfer instruction at or through a permanent establishment of the ordering institution in Australia; and
 (ii) the beneficiary institution makes, or is to make, the money available at or through a permanent establishment of the beneficiary institution in Australia; and
 (iii) paragraph (a) does not apply;
  the tracing information.
Note 1: For complete payer information, see section 71.
Note 2: For tracing information, see section 72.