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Anti-Money Laundering Amendment (Gaming Machine Venues) Bill 2012 [2013]

Schedule 1 Amendment of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006

   

1  Section 5

Insert:

gaming machine credit means credit (whether in the form of tokens or otherwise) that is accumulated on a gaming machine as a result of either or both of the following:

                     (a)  inserting money into the gaming machine;

                     (b)  playing and winning a game on the gaming machine.

2  Section 5 (after paragraph (b) of the definition of threshold transaction )

Insert:

                   (ba)  a transaction involving the transfer of money for the purpose of paying out winnings, and/or paying an amount for gaming machine credits, at an eligible gaming machine venue, where the total amount transferred is $1,000 or more; or

                   (bb)  a transaction involving the transfer of money on presentation of a cheque, where:

                              (i)  the cheque was issued for the purpose of paying out winnings, and/or paying an amount for gaming machine credits, at an eligible gaming machine venue; and

                             (ii)  the amount of the cheque is $1,000 or more; and

                            (iii)  the cheque is presented by, or on behalf of, a person who is in possession of the cheque as an indorsee; or

3  Subsection 6(4) (after table item 10)

Insert:

 

10A

in the capacity of controller of an eligible gaming machine venue, paying an amount for gaming machine credits, where:

(a) the gaming machine on which the credits were accumulated is located at the venue; and

(b) the amount is paid by the controller as agent of the owner or lessee of the gaming machine; and

(c) the service is provided in the course of carrying on a business

the person to whom the amount is paid

 

4  At the end of Part 12

Add:

143A   Cheques to be used when paying out certain amounts at eligible gaming machine venues

             (1)  A person commits an offence if:

                     (a)  the person is a reporting entity; and

                     (b)  the person provides a designated service at an eligible gaming machine venue; and

                     (c)  the designated service involves the transfer of money for the purpose of paying out winnings and/or paying an amount for gaming machine credits; and

                     (d)  the total amount transferred is $1,000 or more; and

                     (e)  the transfer of money is not in the form of a cheque that:

                              (i)  indicates that it has been issued for the purpose of paying out winnings, and/or paying an amount for gaming machine credits, at an eligible gaming machine venue; and

                             (ii)  is payable to or to the order of one or more persons.

Penalty:  Imprisonment for 2 years or 120 penalty units.

             (2)  In this section:

to or to the order of has the same meaning as in the Cheques Act 1986 .