Bullion means gold, silver, platinum or palladium that is all of the following:
- is in the form of bars, coins, ingots, plates, wafers or similar forms
- bears a mark or characteristic generally accepted to identify and guarantee its fineness and quality
- is usually traded at the market (spot) price of the gold, silver, platinum or palladium.
See
AML/CTF Act 2006 Section 5