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s 26U

Business of a lead entity of a reporting group

In force
Part 1AAML/CTF programs
Division 7Other matters

26U Business of a lead entity of a reporting group

In applying this Part in relation to a reporting entity that is the lead entity of a reporting group, a reference to the nature, size and complexity of the reporting entity’s business is taken to be a reference to the nature, size and complexity of the business of the lead entity and each other reporting entity that is a member of the reporting group.

Note:

For other rules about how this Part applies in relation to a lead entity of a reporting group, see section 236B.

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Section 26U — Business of a lead entity of a reporting group — Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2024 (Commonwealth) — Barrister AI