Document ID: chunk:federal_register_of_legislation:F2024C01198:body:0:p77
Version: federal_register_of_legislation:F2024C01198
Segment Type: other
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Character Range: 214252–217489

form. The copy:

         (1)     must contain the information required under subparagraphs 16.2 or 16.3; and

         (2) may contain information giving effect to the international funds transfer as required:

         (a) by message format standards;

         (b) by message usage guidelines; or

         (c) to complete the transfer including, but not limited to:

         (i)  who initiated the transfer on behalf of the payer;

                  (ii) additional contact information for the payer and payee;

                  (iii) remittance information about the invoice or garnishment administration.

     16.5 A report under subsection 45(2) of the AML/CTF Act must contain the following details about the person completing the report:

         (1) Full name;

         (2) Job title or position;

         (3) Telephone number; and

         (4) Email address.

Note: Under subsection 8WA(1) and section 8WB of the Taxation Administration Act 1953, AUSTRAC is prohibited from requesting, making a record of, or maintaining a record of a person's Tax File Number, as defined in section 202A of the Income Tax Assessment Act 1936, unless it is otherwise permitted to comply with an obligation imposed by a taxation law or another relevant law of the Commonwealth. This Chapter does not require reporting entities to disclose a person's Tax File Number to AUSTRAC.

Reporting entities should note that in relation to activities they undertake to comply with the AML/CTF Act, they will have obligations under the Privacy Act 1988, including the requirement to comply with the Australian Privacy Principles, even if they would otherwise be exempt from the Privacy Act. For further information about these obligations, please go to http://www.oaic.gov.au or call 1300 363 992.

CHAPTER 17 Reportable details for international funds transfer instructions under a designated remittance arrangement (items 3 and 4 in section 46)

(Rules commencing on 12 December 2008)

    17.1 These Anti‑Money Laundering and Counter‑Terrorism Financing Rules (Rules) are made under section 229 of the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 (AML/CTF Act) for paragraph 45(3)(b) of that Act.

    Instructions transmitted out of Australia

    17.2 A report about an international funds transfer instruction (the instruction), within the meaning of item 3 of the table in section 46 of the AML/CTF Act, must contain:

        (1) if the transferor entity is an individual:
           (a) the transferor entity's full name;
           (b) any other name used by the transferor entity, if known;
           (c) the transferor entity's date of birth;
           (d) the transferor entity's full residential address (not being a post box address);
           (e) the transferor entity's postal address, if different from subparagraph 17.2(1)(d), if known;
           (f) the transferor entity's telephone number, if known;
           (g) the transferor entity's email address, if known;
           (h) the transferor entity's occupation, business or principal activity and ABN, if known;
           (i) a description of the reliable and independent documentation and/or electronic data source(s) relied