Document ID: chunk:federal_register_of_legislation:F2024C01198:body:0:p49
Version: federal_register_of_legislation:F2024C01198
Segment Type: other
Provision Reference: 
Character Range: 135418–139494

circumstances and conditions of the AML/CTF Act or AML/CTF Rules specified in Column 2;

         of the following table:

Column 1 – Relevant designated service in subsection 6(2), 6(3) or 6(4) of the AML/CTF Act  Column 2 – AML/CTF Act and AML/CTF Rules references relevant to the exemptions

Multiple tables – Financial Services, Bullion and Gambling services

Any of the designated services in tables 1, 2 or 3                                          Chapter 28 – Applicable customer identification procedures in certain circumstances – assignment, conveyance, sale or transfer of businesses

Any of the designated services in tables 1, 2, or 3                                         Chapter 50 – Exemption from applicable customer identification procedure in certain circumstances

Item 50 of table 1 or item 14 of table 3                                                    Paragraph 14.4 in Chapter 14 – Thresholds for certain designated services

Table 1 – Financial Services

Any of the designated services                                                              Chapter 66 – Applicable customer identification procedures in certain circumstances – compulsory partial or total transfer of business made under the Financial Sector (Business Transfer and Group Restructure) Act 1999

Items 40, 42 or 44                                                                          Subsection 39(6)

Items 2 or 3                                                                                Chapter 35 – Exemption from applicable customer identification procedures for correspondent banking relationships

Items 6 or 7                                                                                Chapter 39 – Exemption from applicable customer identification procedures – premium funding loans for a general insurance policy

Items 6, 7, 8, 31 and 32                                                                    Chapter 45 – Debt collection

Item 17                                                                                     Paragraph 14.2 in Chapter 14 – Thresholds for certain designated services

Items 25 or 26                                                                              Paragraph 14.3 in Chapter 14 – Thresholds for certain designated services

Item 33                                                                                     Chapter 38 – Exemption from applicable customer identification procedures for the sale of shares for charitable purposes

Item 33                                                                                     Chapter 49 – International Uniform Give-Up Agreements

Items 35 or 46                                                                              Chapter 67 – Warrants

Item 43(a)                                                                                  Part 41.2 in Chapter 41 – Exemption from applicable customer identification procedures – cashing out of low value superannuation funds and for the Departing Australia Superannuation Payment

Items 43 or 45                                                                              Part 41.3 in Chapter 41 – Exemption from applicable customer identification procedures – cashing out of low value superannuation funds and for the Departing Australia Superannuation Payment

Table 2 – Bullion

Items 1 or 2                                                                                Chapter 33 – Applicable customer identification procedure for purchases and sales of bullion valued at less than $5000

Table 3 – Gambling services

Items 5, 6, 9 and 10                                                                        Chapter 52 – Persons who are licensed to operate no more than 15 gaming machines

          Part 4.15 Procedure to follow where a customer cannot provide satisfactory evidence of identity

Reporting entities may rely on Part 4.15 in limited and exceptional cases where a person does not possess, and is unable to obtain, the necessary information or evidence of identity. This may