100 point check

The 100 point check was an outcome of the Australian Commonwealth Government's desire to limit opportunities for individuals and companies to hide financial transaction fraud, enacted by the "Financial Transactions Reports Act (1988) (FTR Act)", which gave rise to the Australian Transaction Reports and Analysis Centre (AUSTRAC).

The points system applies to people opening new financial accounts across Australia, such as a bank account or betting account. Points are allocated to the types of documentary proof of identity that the person can produce, and they must have at least 100 points of identification to be able to establish the account.

However, the system has become more widespread and is also applied to the establishment of many official records, such as a driving license.

Documents

Primary Documents

80 Points Document

* Birth Certificate
* Birth Card issued by a Registry of Births, Deaths and Marriages
* Citizenship Certificate
* Current Passport
* Expired passport which has not been cancelled and was current within the preceding 2 years
* Other document of identity having the same characteristics as a passport including diplomatic documents and some documents issued to refugees

Note: Only one document may be claimed.

econdary Documents

40 Points

Document - Signatory is a known customer of at least 12 months standing.
** Note: This procedure may only be used by authorised deposit-taking institutions (ADIs),banks, building societies, credit unions or registered corporations.

Document - Name of signatory verified from a written reference from one of the following, signed by both the person giving it and the signatory:
* Another financial body certifying that the signatory is a known customer
* Another customer who has been verified as a signatory by the cash dealer
* An acceptable referee (refer to AUSTRAC Guideline No. 3 and Information Circular No. 3)Note: Customer must be known for at least 12 months by any of the above Document - Must have a photograph and a name:
* Driver licence issued by an Australian State or Territory
* Licence or permit issued under a law of the Commonwealth, a State or Territory Government - (e.g. a boat licence)
* Identification card issued to a public employee
* Identification card issued by the Commonwealth, a State or Territory Government as evidence of the person's entitlement to a financial benefit
* An identification card issued to a student at a tertiary education institution
**Note: Additional documents can be awarded 25 points.

35 Points

Document - Name and address of signatory verified from any of the following:
* A document held by the cash dealer giving security over the signatory’s property
* A mortgage or other instrument of security held by another financial body

Document - Must have name and address on:
* A document held by a cash dealer giving security over your property
* A mortgage or other instrument of security held by a financial body
* Local government (council) land tax or rates notice
* Document from your current employer or previous employer within the last 2 years
* Land Titles Office record
* Document from the Credit Reference Association of Australia

25 Points

Document - Must have name and signature on:
* Marriage Certificate (for maiden name only)
* Credit Card
* Foreign Driver Licence
* Medicare Card (signature not required on Medicare Card)
* Membership to a Registered Club
* NRMA Membership
* EFTPOS Card

Document - Must have name and address on:
* Electoral roll compiled by the Australian Electoral Commission and available for public scrutiny
* Records of a public utility - phone, water, gas or electricity bill
* Records of a financial institution
* A record held under a law other than a law relating to land titles
* Lease/rent agreement
* Rent receipt from a licensed real estate agent

Document - Must have name and date of birth on:
* Record of a primary, secondary or tertiary educational institution attended by the applicant within the last 10 years
* Record of professional or trade association of which the applicant is a member

References

* [http://www.austlii.edu.au/au/legis/cth/consol_act/ftra1988308/ Financial Transactions Reports Act (1988) (FTR Act)]
* [http://www.austrac.gov.au AUSTRAC]
* [http://www.austrac.gov.au/files/201_point_check.pdf AUSTRAC Form 201 - Identification Record for a Signatory to an Account ‘100 Point Check’ (201)]
* [http://www.austrac.gov.au/files/202_point_check_special_provision.pdf Identification Record for a Signatory to an Account ‘100 Point Check’ Special Provisions (202)]
* [http://www.transport.nsw.gov.au/licensing/100-point-check.html 100 point check] requirement - New South Wales Government - Ministry of Transport