Federal Register of Legislation
Financial Transaction Reports Amendment Act 1997
No. 33, 1997
An Act to amend the Financial Transaction Reports Act 1988, and for related purposes
Contents 1 Short title..................................1 2 Schedule(s).................................1
Schedule 1—Amendment of the Financial Transaction Reports Act 1988 2
Financial Transaction Reports Amendment Act 1997
No. 33, 1997
An Act to amend the Financial Transaction Reports Act 1988, and for related purposes
[Assented to 17 April 1997]
The Parliament of Australia enacts:
1 Short title
This Act may be cited as the Financial Transaction Reports Amendment Act 1997.
2 Schedule(s)
Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.
Schedule 1—Amendment of the Financial Transaction Reports Act 1988
1 Subsection 3(1) (definition of authorised officer) Repeal the definition, substitute:
authorised officer means a person in respect of whom an appointment as an authorised officer for the purposes of this Act is in force under section 27A.
2 Subsection 3(1) Insert:
bullion seller means a person who carries on a business of selling bullion.
3 Subsection 3(1) Insert:
business hours, in relation to a place, means the period between 9 am and 5 pm on a day other than: (a) a Saturday; or (b) a Sunday; or (c) a day that is a public holiday in that place.
4 Subsection 3(1) Insert:
business premises, in relation to a person, means premises, or a part of premises, of the person used, wholly or partly, for the purposes of business operations of the person, but does not include premises, or a part of premises, used as a place of residence.
5 Subsection 3(1) (paragraph (j) of the definition of cash dealer) Repeal the paragraph, substitute: (j) a person who is a bullion seller.
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