Commonwealth Consolidated Acts Commonwealth Consolidated ActsFor the purposes of the application of this Act to an electronic funds transfer instruction, the required transfer information is:
(a) if:
(i) the transfer instruction is of a kind specified in the AML/CTF Rules; or
(ii) the ordering institution accepts the transfer instruction in circumstances specified in the AML/CTF Rules; or
(iii) the transfer instruction is, or is to be, passed on, or carried out, in circumstances specified in the AML/CTF Rules;
the tracing information; or
(b) if:
(i) the ordering institution accepts the transfer instruction at or through a permanent establishment of the ordering institution in a particular country; and
(ii) the beneficiary institution makes, or is to make, the money available at or through a permanent establishment of the beneficiary institution in another country; and
(iii) the transfer instruction is a batched electronic funds transfer instruction; and
(iv) paragraph (a) does not apply;
the tracing information; or
(c) if:
(i) the ordering institution accepts the transfer instruction at or through a permanent establishment of the ordering institution in a particular country; and
(ii) the beneficiary institution makes, or is to make, the money available at or through a permanent establishment of the beneficiary institution in another country; and
(iii) the transfer instruction is not a batched electronic funds transfer instruction; and
(iv) paragraph (a) does not apply;
the complete payer information; or
(d) if:
(i) the ordering institution accepts the transfer instruction at or through a permanent establishment of the ordering institution in Australia; and
(ii) the beneficiary institution makes, or is to make, the money available at or through a permanent establishment of the beneficiary institution in Australia; and
(iii) paragraph (a) does not apply;
the tracing information.
Note 1: For complete payer information , see section 71.
Note 2: For tracing information , see section 72.