Document ID: chunk:federal_register_of_legislation:F2024C01198:body:0:p176
Version: federal_register_of_legislation:F2024C01198
Segment Type: other
Provision Reference: 
Character Range: 488066–490930

in section 6(2) of the AML/CTF Act.

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 62 Reporting Entities Roll

    62.1 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 subsection 51C(4) of that Act and in reliance on section 4 of the Acts Interpretation Act 1901. These Rules come into effect on the date that section 51C of the AML/CTF Act comes into effect.

    62.2 If the AUSTRAC CEO considers on reasonable grounds that an entry on the Reporting Entities Roll (the Roll) is incorrect or incomplete, the AUSTRAC CEO may correct, or make complete, the entry.

    62.3 (1) If the AUSTRAC CEO corrects or makes complete a person's

         name and enrolment details on the Roll, the AUSTRAC CEO must, (if possible), give a written notice to the person; and

    (2) The notice must set out:

              (a)  the changes to the entry that the AUSTRAC CEO has made; and

              (b) the date on which the changes were made.

    62.4 If the AUSTRAC CEO considers on reasonable grounds that a person no longer provides a designated service, the AUSTRAC CEO may remove the person's name and enrolment details from the Roll.

    62.5 For the purposes of paragraph 62.4, the matters that may be considered by the AUSTRAC CEO when forming an opinion include:

         (1) a change in any of the person's enrolment details set out in Part A of Schedule 1 of Chapter 63;

         (2) if the person is a company – the deregistration of the company by the Australian Securities and Investments Commission;

         (3) if the person is a trust – information that the trust has been dissolved;

         (4) if the person is a partnership – information that the partnership has been dissolved;

         (5) if the person is an individual – information that the individual is deceased;

         (6) if the person is an unincorporated association – information that the association has ceased to exist;

         (7) if the person is an incorporated association – information that the association has ceased to exist;

         (8) if the person is a registered co-operative – information that the co-operative has ceased to exist;

         (9) if the person is a government body – information that the government body has ceased to exist;

         (10) information that two or more persons whose names and