Document ID: chunk:federal_register_of_legislation:C2006C00754:clause:9_17fa
Version: federal_register_of_legislation:C2006C00754
Segment Type: clause
Provision Reference: sch 9 cl 17FA
Character Range: 210923–212852

17FA  Customer information in international funds transfer instructions transmitted out of Australia

 (1) If:
 (a) a cash dealer in Australia is the sender of an international funds transfer instruction transmitted out of Australia; and
 (b) at least one of the following applies:
 (i) the cash dealer is acting on behalf of, or at the request of, another person who is not an ADI;
 (ii) the cash dealer is not an ADI;
the instruction must also include customer information relating to the instruction.

Note: Failure to include the customer information relating to the instruction is an offence (see paragraph 28(1)(a)).

 (2) For the purposes of this section:
 (a) if a cash dealer transmits an instruction on behalf of, or at the request of, another person, the cash dealer is taken to be the sender of the instruction; and
 (b) if a person, not being a cash dealer, transmits an instruction on behalf of, or at the request of, a cash dealer, the cash dealer is taken to be the sender of the instruction.

 (3) In this section:

customer information, in relation to an international funds transfer instruction transmitted out of Australia, means the following information about the ordering customer on whose behalf, or at whose request, a cash dealer sends the instruction:
 (a) the ordering customer's name and full business or residential address (not being a post office box);
 (b) either:
 (i) the number of the ordering customer's account with the cash dealer; or
 (ii) if the customer does not have an account with the cash dealer—the identification code assigned to the instruction by the cash dealer.

financial organisation means an organisation that transmits, receives, handles or executes international funds transfer instructions.

ordering customer means a person or organisation (including a financial organisation) on whose behalf, or at whose request, an international funds transfer instruction is sent.