AUSTRAC definition

AUSTRAC means the Australian Transaction Reports and Analysis Centre which regulates the Anti-Money Laundering and Counter-Terrorism Financing Act 2006;

AUSTRAC means the Australian Transaction Reports and Analysis Centre;

AUSTRAC means the Australian Transaction Reports and Analysis Centre Authorised Representative has the meaning set out in section 761A of the Corporations Act. Broker/Client Relationship means the regulated relationship between the Client and Macquarie Online Trading pursuant to which Macquarie Online Trading will provide information, trading, settlement services and the Ancillary Services to the Client. Business day means a day other than a Saturday, Sunday, New Year’s Day, Good Friday, Easter Monday, Christmas Day, Boxing Day; and any other day which ASX notifies Market Participants is not a Business Day. Buy Order means an order placed via the Macquarie Online Trading Platform on behalf of a Client to purchase a Financial Product. Claim means a claim, demand or action for loss, expenses, damages or other remedy. Client means a person who the Licensee arranges to receive information, trading and settlement services and/or the Ancillary Services and/or the Portfolio Services provided by TPP and who completes an Account Opening Form. For the avoidance of doubt the Licensee will also be a Client for the purposes of this agreement where it places an Order or gives TPP instructions on its own behalf. Client Claim means a claim, demand or action for loss, expenses, damages or other remedy against a party to this agreement made by a Client. Client Complaint means any expression of dissatisfaction made by a Client or made on a Client’s behalf and whether made in written or oral form that concerns any aspect of the operation of the Macquarie Online Trading Platform or the Services provided by TPP to the Client. Client Data means all information received by TPP relating to a Client or a potential Client including personal information, trading activities, accounts and other transactions and affairs and including any data derived from such data. Commencement Date means the date this agreement is made on. Corporations Act means the Corporations Xxx 0000 (Cth).

Examples of AUSTRAC in a sentence

• Where required by law, an entity may disclose the information gathered to regulatory or law enforcement agencies, including AUSTRAC.

• Where legally obliged to do so, the Responsible Entity and its agents may disclose the information gathered to regulatory and/or law enforcement agencies, including AUSTRAC and to other bodies, if required by law.

• The Responsible Entity may disclose personal information to authorities investigating criminal or suspicious activity and to the Australian Transaction Reports and Analysis Centre (AUSTRAC) in connection with anti-money laundering and counter-terrorism financing.

• The AML Act is enforced by the Australian Transaction Reports and Analysis Centre (AUSTRAC).

• We may not be able to tell you when this occurs and, as a result, AUSTRAC may require us to deny you (on a temporary or permanent basis) access to your investment.This could result in loss of the capital invested, or you may experience significant delays when you wish to transact on your investment.

• The Responsible Entity may disclose personal information to authorities investigating criminal or suspicious activity and to the Australian Transaction Reports and Analysis Centre (AUSTRAC) in connection with anti- money laundering and counter-terrorism financing.

• We may be required under the AML/CTF Law to provide information about you (including personal information) to the Australian Transaction Reports and Analysis Centre (AUSTRAC), the body responsible for regulating the AML/CTF Law.

• Under various laws and regulatory requirements, the Trustee may have to pass-on certain information to other organisations, such as the Australian Tax Office or the Australian Transaction Reports and Analysis Centre (AUSTRAC).

• This means that we will ask you to present identification documents to meet the ID requirements which are determined by the relevant regulator AUSTRAC.

• Australian Transaction Reports and Analysis Centre (AUSTRAC) means the Australian Transaction Reports and Analysis Centre or any Government Agency which replaces it or performs its functions.

More Definitions of AUSTRAC

AUSTRAC means Australian Transaction Reports and Analysis Centre is an Australian government financial intelligence agency set up to monitor financial transactions to identify money laundering, organised crime, tax evasion, welfare fraud and terrorism.

AUSTRAC means the Australian Transaction Reports and Analysis Centre and any other government or statutory authority that holds responsibility for administering the whole or any part of the AML Legislation.

AUSTRAC means the Australian Transaction Reports and Analysis Centre. Australian ADI has the meaning given to that expression in section 9 of the Corporations Act.