in relation to any action by the cash dealer, reporting entity or person taken in good faith under this section or taken in good faith in the reasonable belief that it was required by this section. S. 119(8) (8) A cash dealer or reporting entity or an officer, amended by employee or agent of a cash dealer or reporting No. 68/2010 entity who communicates or gives information s. 28(5). under this section must be taken, for the purposes of the offence of money laundering, not to have been in possession of that information at any time. (9) A cash dealer must not refuse or fail— (a) to prepare a report; or (b) to communicate information to the S. 119(9)(b) amended by AUSTRAC CEO— No. 68/2010 s. 28(1). when and as required under subsection (1). Level 7 imprisonment (2 years maximum) or a level 7 fine (240 penalty units maximum) or both. (10) A cash dealer must not, in communicating S. 119(10) amended by information to the AUSTRAC CEO under No. 68/2010 subsection (1), knowingly— s. 28(1). (a) make a statement that is false or misleading in a material particular; or (b) omit from a statement any matter or thing without which the statement is misleading in a material particular. Level 7 imprisonment (2 years maximum) or a level 7 fine (240 penalty units maximum) or both.
in relation to any action by the cash dealer, reporting entity or person taken in good faith under this section or taken in good faith in the reasonable belief that it was required by this section. S. 119(8) amended by No. 68/2010 s. 28(5). (8) A cash dealer or reporting entity or an officer, employee or agent of a cash dealer or reporting entity who communicates or gives information under this section must be taken, for the purposes of the offence of money laundering, not to have been in possession of that information at any time. (9) A cash dealer must not refuse or fail— (a) to prepare a report; or S. 119(9)(b) amended by No. 68/2010 s. 28(1). (b) to communicate information to the AUSTRAC CEO— when and as required under subsection (1). Level 7 imprisonment (2 years maximum) or a level 7 fine (240 penalty units maximum) or both. S. 119(10) amended by No. 68/2010 s. 28(1). (10) A cash dealer must not, in communicating information to the AUSTRAC CEO under subsection (1), knowingly— (a) make a statement that is false or misleading in a material particular; or (b) omit from a statement any matter or thing without which the statement is misleading in a material particular. Level 7 imprisonment (2 years maximum) or a level 7 fine (240 penalty units maximum) or both.
97-108a074.docx