Financial Transaction Reports Act 1988 (Cth) - Level 5

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The Financial Transaction Reports Act 1988 (FTR Act) operates alongside the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act). The FTR Act was introduced to assist in administering and enforcing taxation laws as well as other Commonwealth, state and territory legislation. When the AML/CTF Act was introduced in 2006, some parts of the FTR Act were repealed and others became inoperative. However, the FTR Act still requires the reporting of certain transactions and imposes obligations in relation to certain services provided by 'cash dealers' under the Act. The University is not a 'cash dealer' under this Act.

Relevant Compliance Frameworks

Legislation, Standards and Codes may be linked to one or more of the University's compliance frameworks either as the driver of the requirements, or as a component of the framework.

The relevant frameworks are listed below.

  • None