mobile menu toggle
Search

Morris and Watson Australia Pty Ltd: Bullion Identification Requirements

The buying and selling of gold, silver and platinum bullion products is strictly controlled by Australian Commonwealth law through the Commonwealth agency Australian Transaction Reports and Analysis Centre (AUSTRAC).

AUSTRAC determines the identification standards that Morris and Watson Australia Pty Ltd must adhere to, including the supporting documents we are are required to collect from customers. This is part of AUSTRAC's Anti-money Laundering and Counter Terrorism Funding (AML/CTF) measures.

The supporting identification documents you are required to provide depends on the type of entity you represent when buying or selling bullion products. Some common entities are:

  • Individuals
  • Sole Traders
  • Businesses
  • Partnerships
  • Trusts
  • Self-managed Superannuation Funds (SMSF)

The below information outlines the supporting identification documents required for buying or selling bullion for some common entities.

The "Know Your Customer" (KYC) form and supporting documents can be completed and returned to use via email, post or in person. You can also complete the KYC form and upload your supporting documents when creating an account with us online.

Please note: for transactions under $5,000 AUD, we generally do not require the identifying documents listed below, but we still require basic details such as your name, address and contact details. However, we still may request identifying documents in compliance with our AML/CTF monitoring programme.

Click here to see how to buy and sell bullion and click here to download our Know You Customer form for Australia.

Individuals

Primary Identification:

Please provide one or more of the following documents. Documents must be an original or certified copy.

  • Drivers License / Passport / Card issued by State or Territory providing proof of age / Foreign Passport

If your primary identification does not contain your current residential address, please provide one or more of the following supporting documents;

  • Water, gas or electricity bill / Rates notice / Bank statement / Vehicle registration / Phone bill

Secondary Identification:

In addition to a primary identification document, please provide one or more of the following documents. Documents must be an original or certified copy.

  • Birth Certificate / Australian Citizen Certificate / Medicare Card / Pension Card issued by Centre link / Health Card Issued by Centrelink
  • Document issued by Commonwealth / State / Territory within preceding 12 months with provision of financial benefit
  • Document issued by ATO within 12 months
  • Document issued by local authority within 3 months

Sole Traders

Primary Identification:

Please provide one or more of the following documents. Documents must be an original or certified copy.

  • Drivers License / Passport / Card issued by State or Territory providing proof of age / Foreign Passport

If your primary identification does not contain your current residential address, please provide one or more of the following supporting documents;

  • Water, gas or electricity bill / Rates notice / Bank statement / Vehicle registration / Phone bill

Secondary Identification:

In addition to a primary identification document, please provide one or more of the following documents. Documents must be an original or certified copy.

  • Birth Certificate / Australian Citizen Certificate / Medicare Card / Pension Card issued by Centre link / Health Card Issued by Centrelink
  • Document issued by Commonwealth / State / Territory within preceding 12 months with provision of financial benefit
  • Document issued by ATO within 12 months
  • Document issued by local authority within 3 months

Businesses

An original or certified copy of a primary photographic identification document of Company Officer.

  • Copy of ASIC Extract
  • Public Document issued by a relevant authority

Trustees

Please provide one or more of the following documents. Documents must be an original or certified copy.

  • Original Trust Deed
  • Reliable and independent documents relating to the trust showing the trusts full name

Each beneficiary listed on the trust deed will also need to provide individual supporting identification documents as listed in previous sections.

Partnerships

Please provide one or more of the following documents. Documents must be an original or certified copy.

  • Partnership agreement
  • Extract of the minutes of a partnership meeting
  • Reliable and independent documents relating to the partnership showing the partnerships full name and partners.

Self-Managed Super Funds

Please provide the relevant supporting identification documents based on how your SMSF is structured. SMSF are commonly structured as businesses or trusts. Please provide the following documents. Documents must be an original or certified copy.

  • Title page of the deed and the signed page showing all the directors, members or other beneficiaries

Each director, member or other beneficiary will also need to provide individual supporting identification documents as listed in previous sections.

Enquire Now

QUICK LINKS

Login
Sign Up
View Cart
Upload STL
Bullion Live Prices
INFORMATION

Contact Us
About Us
History
Sitemap
RESPONSIBILITY

Terms of Supply
Privacy Policy
Website Terms of Use
Environmental Policy
Responsible Jewellery Council Policy

© 2022 Morris and Watson
All Rights Reserved

OUR LOCATIONS
Auckland
Brisbane
Sydney
Bangkok
Christchurch
QUICK LINKS
Login
Sign Up
View Cart
Upload STL
Bullion Live Prices
INFORMATION
Contact Us
About Us
History
Sitemap
RESPONSIBILITY
Terms of Supply
Privacy Policy
Website Terms of Use
Environmental Policy
Responsible Jewellery Council Policy

© 2022 Morris and Watson
All Rights Reserved