Document ID: chunk:federal_register_of_legislation:F2024C01198:body:0:p168
Version: federal_register_of_legislation:F2024C01198
Segment Type: other
Provision Reference: 
Character Range: 466138–469009

AML/CTF Act;

         (7) 'serious offence' means an offence which is:

              (a) an offence against a law of the Commonwealth, or a law of a State or Territory, punishable on indictment by imprisonment for life or 2 or more years, that may be dealt with as an indictable offence (even if it may, in some circumstances, be dealt with as a summary offence) regardless of whether the offence proceeds summarily or on indictment; or

              (b) an offence against a law of a foreign country constituted by conduct that, if it had occurred in Australia, would have constituted a serious offence.

         A 'serious offence' in relation to a person other than an individual means an offence which would have been a serious offence if the person had been an individual;

(8) 'terrorism' means conduct that amounts to:

              (a) an offence against Division 101 or 102 of the Criminal Code; or

             (b) an offence against a law of a State or Territory that corresponds to an offence referred to in paragraph (a); or

             (c) an offence against a law of a foreign country or of a part of a foreign country that corresponds to an offence referred to in paragraph (a).

Reporting entities should note that in relation to activities they undertake to comply with the AML/CTF Act, they will have obligations under the Privacy Act 1988, including the requirement to comply with the Australian Privacy Principles, even if they would otherwise be exempt from the Privacy Act. For further information about these obligations, please go to the OAIC website (www.oaic.gov.au) or call 1300 363 992.

CHAPTER 60 Change in registration details regarding the person

    60.1 These Anti-Money Laundering and Counter-Terrorism Financing Rules (Rules) are made under section 229 of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) for the purposes of paragraphs 75M(1)(e) and (2)(b) and subsection 75(4) of that Act and in reliance on section 4 of the Acts Interpretation Act 1901. Sections 136 and 137 of the AML/CTF Act apply to each paragraph in this Chapter.

Person registered as a remittance network provider, an independent remittance dealer or a remittance affiliate of a registered remittance network provider that applied for registration on its own behalf

    60.2 For the purpose of paragraph 75M(1)(e) of the AML/CTF Act, the following matters are specified:

          1.                a material change in any of the registration details of the person as set out in Part A of Schedules 1, 2 and 3 of Chapter 56 of these AML/CTF Rules, as the case may be, including:

              (a) any change to the registration details of the key personnel of the person, including:

                  (i) any change in the number of key personnel;

                  (ii) in situations where new