Document ID: chunk:federal_register_of_legislation:F2024C01198:body:0:p142
Version: federal_register_of_legislation:F2024C01198
Segment Type: other
Provision Reference: 
Character Range: 396578–399644

user group.

         Part 51.3 PayPal Pte Ltd., PayPal Inc and PayPal Hong Kong Limited.

      51.3.1 For the purposes of subparagraphs 8(1)(c)(v), 8(1)(d)(v), 8(2)(c)(v), 9(1)(c)(v), 9(1)(d)(v) and 9(2)(c)(v), the following persons are specified:

          (1) PayPal Pte Ltd. 200509725E (PayPal Singapore) 09-01 Suntec Tower 5, 5 Temasek Boulevard, Singapore 038985;

          (2) PayPal Inc. 770510487 (PayPal USA) 2211 North First Street San Jose, California 95131; and

          (3) PayPal Hong Kong Limited. 1144926 (PayPal Hong Kong), Rooms 1506-07, 15/F, Central Plaza, 18 Harbour Road, Wan Chai, Hong Kong.

      51.4  In this Chapter:

          (1) 'foreign exchange contract' has the same meaning as in the Corporations Act 2001;

          (2) 'member-administered closed user group' means a SWIFT operated, SWIFT member administered service that enables the members of the closed user group to exchange SWIFT financial messages and file services with other members of the group;

          (3) 'proprietary system' includes the Society for Worldwide Interbank Financial Telecommunication (SWIFT).

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 52 Persons who are licensed to operate no more than 15 gaming machines

    52.1 These Anti-Money Laundering and Counter-Terrorism Financing Rules (Rules) are made under section 229 for subsection 247(4) of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act).

    52.2 Subject to the circumstances specified in paragraphs 3 and 4, each class of provision of the AML/CTF Act contained in the following table is specified as not applying to a designated service provided by a reporting entity:

Class of Provision  Application
Part 2, Division 2  Whole division
Part 2, Division 3  Whole division
Part 2, Division 4  Whole division
Part 2, Division 5  Whole division
Part 2, Division 6  Whole division
Part 2, Division 7  Sections 37, 38
Part 3, Division 3  Section 43 only
Part 3, Division 4  Section 45 only
Part 3, Division 5  Whole division
Part 5              Whole Part
Part 7              Whole Part
Part 10             Sections 104, 105, 106, 109, 110, 111, 112, 113, 114, 115, 116, 117, 118, 119 only

    52.3. The designated service provided by the reporting entity is one of the following designated services described in table 3 in subsection 6(4) of the AML/CTF Act:

    (1) item 5;

    (2) item 6;

         (3) item 9;

         (4) item 10.

    52.4 The exemption contained in paragraph 52.2 only applies if:

     (1) the reporting entity:

              (a) by itself; and

              (b) if it is related to one or more reporting entities within the meaning