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COMMONWEALTHAct
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s 39D

Exemption—when a suspicious matter reporting obligation arises

In force
Part 5Obligations relating to transfers of value
Division 3Other powers to obtain information and documents
Subdivision CMiscellaneous

39D Exemption—when a suspicious matter reporting obligation arises

(1)

This section applies if a suspicious matter reporting obligation arises for a reporting entity in relation to a customer.

Note:

For suspicious matter reporting obligation, see section 41.

(2)

Despite any other provision of this Part or Part 1A, section 28, 30, or 26G does not apply to the reporting entity in respect of the provision of a designated service to the customer to the extent that the reporting entity reasonably believes that compliance with that section would or could reasonably be expected to alert the customer to the reporting entity’s suspicion.

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Section 39D — Exemption—when a suspicious matter reporting obligation arises — Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2024 (Commonwealth) — Barrister AI