Document ID: chunk:federal_register_of_legislation:F2024C01198:body:0:p210
Version: federal_register_of_legislation:F2024C01198
Segment Type: other
Provision Reference: 
Character Range: 581739–584791

location of the institution at which the account is held;

        (15) any reference number allocated by the non-financier to the instruction;

        (16) any information given in the instruction about the reason for transferring the money.

    3. A report under subsection 45(2) of the AML/CTF Act must contain the following details about the person completing the report:

        (1) Full name;

        (2) Job title or position;

        (3) Telephone number; and

        (4) Email address.

4. In this Schedule:

        (1) 'identifier' means a Bank Identifier Code (BIC), a Bank-State-Branch identifying code (BSB) or Branch Registration Number (BRN) previously registered with AUSTRAC.

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 http://www.oaic.gov.au or call 1300 363 992.
CHAPTER 73 Exemption for Registered Plan Management Providers

    73.1 These Anti-Money Laundering and Counter-Terrorism Financing Rules are made under section 229 for subsection 247(3) of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act).

    73.2 Subject to paragraph 73.3, the AML/CTF Act does not apply to a designated service that:

        (1) is of a kind described in item 31 of table 1 in subsection 6(1) of the AML/CTF Act; or

        (2) is of a kind described in item 32 of table 1 in subsection 6(1) of the AML/CTF Act.

    73.3 The exemption in paragraph 73.2 only applies if:

        (1) the designated service is provided by a person who is a Registered Plan Management Provider under the National Disability Insurance Scheme Act 2013; and

        (2) the provision of the designated service relates solely to managing the funding for supports for a participant in the National Disability Insurance Scheme.

    73.4 In this Chapter:

        (1) 'Managing the funding for supports' has the same meaning as in section 42 of the National Disability Insurance Scheme Act 2013;

        (2) 'National Disability Insurance Scheme' has the same meaning as in section 9 of the National Disability Insurance Scheme Act 2013;

        (3) 'Participant' has the same meaning as in section 9 of the National Disability Insurance Scheme Act 2013;

        (4) 'Registered Plan Management Provider' has the same meaning as in section 9 of the National Disability Insurance Scheme Act 2013.

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 http://www.oaic.gov.au