Document ID: chunk:federal_register_of_legislation:C2024A00110:clause:2_28:p2
Version: federal_register_of_legislation:C2024A00110
Segment Type: clause
Provision Reference: sch 2 cl 28 (pt 2/2)
Character Range: 71741–73793

entity to the customer;
 (d) the delivery channels by which the reporting entity's designated services are or will be provided to the customer;
 (e) the countries with which the reporting entity deals, or will deal, in providing its designated services to the customer;
 (f) the matters (if any) specified in the AML/CTF Rules.
 (5) Subsection (4) does not limit the matters a reporting entity may take into account for the purposes of paragraph (3)(b).
 (6) The AML/CTF Rules may do either or both of the following:
 (a) specify requirements that must be complied with for the purposes of establishing on reasonable grounds the matters in subsection (2);
 (b) set out circumstances in which a reporting entity is taken to comply with a matter mentioned in that subsection.
 (7) Without limiting paragraph (2)(g) or (4)(f) or subsection (6), AML/CTF Rules made for the purposes of any of those provisions may make different provision in relation to different classes of customers, including:
 (a) customers in relation to whom simplified due diligence measures may be taken in accordance with section 31; and
 (b) customers in relation to whom enhanced customer due diligence measures must be undertaken in accordance with section 32.
Note: This subsection also does not limit subsection 13(3) of the Legislation Act 2003 or subsection 33(3AB) of the Acts Interpretation Act 1901: see section 249.
 (8) Subsection (1) is a civil penalty provision.
 (9) A reporting entity that contravenes subsection (1) in relation to a customer commits a separate contravention of that subsection in respect of each designated service that the reporting entity provides to the customer at or through a permanent establishment of the reporting entity in Australia.
 (10) A reporting entity that contravenes subsection (1) in relation to a customer commits a separate contravention of that subsection on each day that the reporting entity provides designated services to the customer at or through a permanent establishment of the reporting entity in a foreign country.