Federal Register of Legislation - Australian Government

Primary content

Rules/Other as made
This instrument amends the Anti-Money Laundering and Counter-Terrorism Financing Rules Instrument 2007 (No. 1) to insert a new paragraph 10.4.3.
Administered by: Home Affairs
Exempt from sunsetting by the Legislation (Exemptions and Other Matters) Regulation 2015 s12 item 06
Registered 25 Feb 2019
Tabling HistoryDate
Tabled HR02-Apr-2019
Tabled Senate02-Apr-2019
To be repealed 12 Sep 2019
Repealed by Division 1 of Part 3 of Chapter 3 of the Legislation Act 2003

Anti-Money Laundering and Counter-Terrorism Financing Rules Amendment Instrument 2019 (No. 1)

Anti-Money Laundering and Counter-Terrorism Financing Act 2006

I, Nicole Rose, 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 22 February 2019

 

 

 

 

 

 

 

 

[signed]

Nicole Rose PSM

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 2019 (No. 1).

2     Commencement

This Instrument commences on 26 February 2019.

3     Authority

 

This Instrument is made under section 229 of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006.

4     Schedule

Schedule 1Amendments

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

1       Paragraph 10.4.3

Repeal the paragraph, substitute:

10.4.3    For the purposes of subparagraph 34(1)(d)(i) of the AML/CTF Act, the period is 14 days commencing on the day that the reporting entity opens the account in the name of the customer.