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Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006

No. 169, 2006

Compilation No. 58

Compilation date: 7 January 2025

                Includes amendments: Act No. 110, 2024

About this compilation

This compilation

This is a compilation of the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 that shows the text of the law as amended and in force on 7 January 2025 (the compilation date).

The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.

Uncommenced amendments

The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the Register for the compiled law.

Application, saving and transitional provisions for provisions and amendments

If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.

Editorial changes

For more information about any editorial changes made in this compilation, see the endnotes.

Modifications

If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the Register for the compiled law.

Self‑repealing provisions

If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.

Contents
Part 1—Introduction
1 Short title
2 Commencement
3 Objects
4 Simplified outline
5 Definitions
6 Designated services
7 Services provided jointly to 2 or more customers
7A Securities and derivatives
8 Person‑to‑person electronic funds transfer instructions
9 Same‑person electronic funds transfer instructions
10 Designated remittance arrangements etc.
11 Control test
12 Owner‑managed branches of ADIs
13 Eligible gaming machine venues
14 Residency
15 Shell banks
16 Electronic communications
17 Bearer negotiable instruments
18 Translation of foreign currency to Australian currency
19 Translation of digital currency to Australian currency
20 Clubs and associations
21 Permanent establishment
22 Officials of Commonwealth, State or Territory agencies
23 Continuity of partnerships
24 Crown to be bound
25 Extension to external Territories
26 Extra‑territorial application
Part 2—Identification procedures etc.
Division 1—Introduction
27 Simplified outline
Division 2—Identification procedures for certain pre‑commencement customers
28 Identification procedures for certain pre‑commencement customers
29 Verification of identity of pre‑commencement customer etc.
Division 3—Identification procedures for certain low‑risk services
30 Identification procedures for