Austrac Public Legal Interpretation No 8 deals with:
- the obligation to report cross-border movements of physical currency within the meaning of Part 4, Division 2 of the AML/CTF Act;
- the obligation to report cross-border movements of bearer negotiable instruments within the meaning of Part 4, Division 3 of the AML/CTF Act;
- questioning and search powers in relation to cross-border movements of physical currency and bearer negotiable instruments under Part 15, Division 8 of the AML/CTF Act.
The PLI also confirms the cessation of the obligation to report under section 15 of the FTR Act.
