The 100 point check is a personal identification system adopted by the Australian Government to combat financial transaction fraud by individuals and companies, enacted by the Financial Transactions Reports Act (1988) (FTR Act), which gave rise to the Australian Transaction Reports and Analysis Centre (AUSTRAC).
The 100 point system applies to individuals opening new financial accounts in Australia, including bank accounts or betting accounts. 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 operate an account. The system now also applies to the establishment of a number of official identity documents, such as an Australian passport and driving licence.
"Reporting entities" are required to identify their customers using the 100 point check system. Accounts may be opened, but can only be operated (i.e. withdrawals made) by an identified customer; and an unidentified customer is blocked from making withdrawals. Generally, identification can be transferred from one account to another, so that for instance a person once identified does not need to produce documents again when opening a second account at the same institution.
An issue for many Australian organisations is the capture of credit card primary account numbers (PANs), referred to below under the 25 Points section as Credit Card or EFTPOS Card. This practice is not compliant with the Payment Card Industry Data Security Standard and must be removed from all 100 point check forms.
100 point check Wikipedia
Only one of the following may be claimed:Birth certificate
Birth card issued by a Registry of Births, Deaths and Marriages
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
40 PointsDocument issued by Authorised Deposit-Taking Institutions (ADIs), banks, building societies, credit unions or registered corporations. Signatory is a known customer of at least 12 months standing.
Written reference from one of the following institutions, verifying name of signatory and signed by both referee and signatory. Signatory must be known for at least 12 months.
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)
Any of the following, which must contain a photograph and a name. Additional documents from this category are awarded 25 points.
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
35 PointsName 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
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 PointsMust have name and signature on:
Marriage certificate (for maiden name only)
Foreign driver licence
Medicare card (signature not required on Medicare card)
Membership to a registered club
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
Rent receipt from a licensed real estate agent
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
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