The Financial Transaction Reports Act 1988 (FTR Act) requires 'cash dealers' to report the following types of transactions to the Chief Executive Officer of AUSTRAC:
- international funds transfer instructions
- significant cash transactions
- suspect transactions.
Solicitors are required to report significant cash transactions to which they are a party.
On 12 December 2008, reporting obligations commenced under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) for 'reporting entities'.
How to order AUSTRAC reporting forms
AUSTRAC's preference is for electronic reporting. Please refer to AUSTRAC's Reporting policy for information about AUSTRAC's requirement for certain entities to report electronically. Access to the electronic reporting system can be gained by enrolling through AUSTRAC Online.
Where applicable, supplies of paper reporting forms can be ordered through the AUSTRAC Help Desk:
Ph: 02 9950 0827 or 1300 021 037 (a local call within Australia)
Fax: 02 9950 0071