From 7 January 2025, motor vehicle dealers who offer customers insurance or act as insurance intermediaries are no longer regulated under the Financial Transactions Reports Act 1988 (FTR Act). 

You do not need to submit reports about transactions that occur on or after 7 January 2025, including:

• significant cash transactions of A$10,000 or more (or the foreign currency equivalent)
• suspect transactions.

You still have an obligation to report transactions that occurred on or before 6 January 2025, and may have ongoing record-keeping obligations. Learn more about your ongoing obligations following the repeal of the FTR Act. 

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