Cash Transaction Reports Agency
CTRA
1989 – 6 December 1992
Renamed Australian Transaction Reports and Analysis Centre in 1992.
Commonwealth agency that collected and analysed reports of significant cash transactions, suspect transactions and international currency movements from cash dealers, to combat tax evasion and money laundering.
Names over time
- Cash Transaction Reports Agency1989–1992
- Australian Transaction Reports and Analysis Centre1992–present
How it came into existence
Established in 1989 under the Cash Transaction Reports Act 1988, which required cash dealers to report cash transactions of $10,000 or more, and suspect transactions, to the agency's Director.
Legislation: Cash Transaction Reports Act 1988
How it ended
Renamed the Australian Transaction Reports and Analysis Centre (AUSTRAC) in December 1992, when amendments also renamed its Act the Financial Transaction Reports Act 1988.
Main functions
- Receipt of significant cash transaction reports
- Receipt of suspect transaction reports
- Reporting of international currency transfers
- Analysis and dissemination of financial intelligence to law enforcement and revenue agencies
Where it sits
Last in the portfolio of Attorney-General's Department.
Lineage
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Sources
Some dates or links for this organisation are not fully confirmed. Corrections are welcome.