At the end of section 24
108 At the end of section 24
Add:
This section does not apply in relation to the opening of an account if the account is opened after the commencement of Division 1 of Part 2 of the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 in circumstances that amount to the provision of a designated service.
This section does not apply in relation to the operation of an account after the commencement of Division 1 of Part 2 of the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 if:
the account was opened in circumstances that amount to the provision of a designated service; or
allowing a transaction in relation to the account would amount to the provision of a designated service.
The statute text is free to read above. View Pro plans to unlock the case-law research tools for each provision.