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COMMONWEALTHAct
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s 26V

General exemptions

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

26V General exemptions

(1)

This Part does not apply to a designated service that is of a kind specified in the AML/CTF Rules.

(2)

The AML/CTF Rules may provide that a specified provision of this Part does not apply to a designated service that is of a kind specified in the AML/CTF Rules.

(3)

This Part does not apply to a designated service that is provided in circumstances specified in the AML/CTF Rules.

(4)

The AML/CTF Rules may provide that a specified provision of this Part does not apply to a designated service that is provided in circumstances specified in the AML/CTF Rules.

25 Subsection 35F(5)

Repeal the subsection.

26 Paragraph 38(d)

Omit “money laundering or financing of terrorism”, substitute “money laundering, financing of terrorism or proliferation financing”.

27 Subsection 39(5)

Repeal the subsection.

28 Subsections 47(6) and (7)

Repeal the subsections.

29 Section 51A

Omit:

• Providers of designated services must be entered on the Reporting Entities Roll.

substitute:

• Reporting entities must be entered on the Reporting Entities Roll.

30 Part 7

Repeal the Part.

31 After section 94

Insert:

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