Federal Register of Legislation - Australian Government

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Rules/Other as made
These rules amend the Anti-Money Laundering and Counter-Terrorism Financing Rules Instrument 2007 (No. 1) to amend Chapter 56 and Chapter 63 of the AML/CTF Rules. The amendments to Chapter 56 specify that applications for registration must include the business contact details of the individual making the application. Various amendments are also made to Chapter 63 of the AML/CTF Rules which specifies enrolment information.
Administered by: Attorney-General's
Made 01 Jun 2012
Registered 08 Jun 2012
Tabled HR 18 Jun 2012
Tabled Senate 18 Jun 2012
Date of repeal 09 Apr 2013
Repealed by

Anti-Money Laundering and Counter-Terrorism Financing Rules Amendment Instrument 2012 (No. 2)

Anti-Money Laundering and Counter-Terrorism Financing Act 2006

I, John Lance Schmidt, Chief Executive Officer, Australian Transaction Reports and Analysis Centre, make this Instrument under section 229 of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006.

 

Dated 1 June 2012

 

 

 

 

 

 

 

 

[Signed]

John Lance Schmidt

Chief Executive Officer
Australian Transaction Reports and Analysis Centre


 

1             Name of Instrument

This Instrument is the Anti-Money Laundering and Counter-Terrorism Financing Rules Amendment Instrument 2012 (No. 2).

2             Commencement

Schedule 1 of this Instrument commences on the day after it is registered.

 

3             Amendment

Schedule 1 amends the Anti-Money Laundering and Counter-Terrorism Financing Rules Instrument 2007 (No. 1).        

        

Schedule 1               Amendment of the Anti-Money Laundering and Counter-Terrorism Financing Rules Instrument 2007 (No. 1).

 

 

1.      Chapter 56

 

 

Item 1             Schedule 1, Part A, after paragraph 19, insert:

 

(20)         The business contact details of the individual completing the application for registration, comprising:

(a)        full name;

(b)        position or title;

(c)        date of birth (optional);

(d)       telephone number;

(e)        facsimile number (if applicable);

(f)        email address; and

(g)        postal address.

 

 

 

Item 2             Schedule 2, Part A, after paragraph 19, insert:

 

(20)         The business contact details of the individual completing the application for registration, comprising:

(a)        full name;

(b)        position or title;

(c)        date of birth (optional);

(d)       telephone number;

(e)        facsimile number (if applicable);

(f)        email address; and

(g)        postal address.

 

Item 3             Schedule 3, Part A, after paragraph 20, insert:

 

(21)                  The business contact details of the individual completing the application for registration, comprising:

(a)        full name;

(b)        position or title;

(c)        date of birth (optional);

(d)       telephone number;

(e)        facsimile number (if applicable);

(f)        email address; and

(g)        postal address.

 

2.      Chapter 63

 

Item 1             Schedule, Part A, paragraph 27, omit

 

Item 2             Schedule, Part A, paragraph 28

 

Renumber as 27

 

Item 3             Schedule, Part A, after paragraph 27, insert

 

28.       Where the person is a remittance affiliate; and,

 

(a)        provided a designated service or services only in the capacity of a remittance affiliate; and

 

            (b)        did not provide a designated service in any other capacity;

 

that person is not required to provide the information in regard to an application for enrolment specified at,

 

            (c)        paragraphs 19, 20, 21, 22, 25, 26 and 27.

 

Item 4             Schedule, Part A, after paragraph 28, insert

 

29.       Where the person is exempt from Part 7 of the AML/CTF Act in full, that person is not required to provide the information in regard to an application for enrolment specified at,

 

(a)        paragraphs 19, 20, 21, 22, 25, and 27.

 

Item 5             Schedule, Part B, for paragraph 1, substitute

 

1.         The annual financial statements of the person relating to the most recent financial year before the census date, unless the person is:

 

(a)        a remittance affiliate that provided a designated service or services only in the capacity of a remittance affiliate and did not provide a designated service in any other capacity;

 

or

 

(b)        a person exempt from Part 7 of the AML/CTF Act in full.