Financial Transaction Reports Act 1992 (NSW)

Financial Transaction Reports Act 1992 No 99

An Act to provide for the giving of further information in relation to suspect transactions reported under the Financial Transaction Reports Act 1988 of the Commonwealth and the giving of information in relation to other suspect transactions, and for related purposes.

1 Name of Act This Act may be cited as the Financial Transaction Reports Act 1992.

2 Commencement This Act commences on 6 December 1992.

3 Object of Act The object of this Act is to facilitate the enforcement of the laws of the State.

4 Interpretation (1) In this Act: Commonwealth Act means the Financial Transaction Reports Act 1988 of the Commonwealth. court includes any tribunal, authority or person having power to require the production of documents or the answering of questions. protected information means information that is obtained under this Act. (2) Unless the contrary intention appears, expressions used in the Commonwealth Act have the same respective meanings in this Act.

5 Act binds Crown This Act binds the Crown in right of the State and, so far as the legislative power of Parliament permits, the Crown in all its other capacities.

6 Further reports of suspect transactions (1) If a cash dealer communicates information to the Director under section 16 (1) of the Commonwealth Act, the cash dealer must, if requested to do so by: (a) the Commissioner of Police, or (b) the Commissioner of the New South Wales Crime Commission, or (c) a Commissioner of the Independent Commission Against Corruption, or (d) a police officer who is carrying out an investigation arising from, or relating to the matters referred to in, the information, give such further information as is specified in the request to the person requesting it. (2) The further information is to be information that: (a) may be relevant to the investigation of, or prosecution of a person for, an offence against the law of the State, or (b) may be of assistance in the enforcement of the Confiscation of Proceeds of Crime Act 1989 or the Criminal Assets Recovery Act 1990 or in the administration of the Independent Commission Against Corruption Act 1988. (3) The cash dealer must comply with the request to the extent that the cash dealer has the further information. Maximum penalty: 400 penalty units or imprisonment for 2 years, or both.