Document ID: chunk:federal_register_of_legislation:F2024C01198:body:0:p177
Version: federal_register_of_legislation:F2024C01198
Segment Type: other
Provision Reference: 
Character Range: 490669–493545

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 enrolment details are currently on the Roll have merged or amalgamated, and the merged or amalgamated entity has commenced, or has continued, to provide a designated service;

         (11) information that the person no longer provides a designated service; or

         (12) any other information that the AUSTRAC CEO considers is relevant to whether the person continues to provide a designated service or has changed its legal structure to the extent that names and enrolment details should be removed.

         62.6     (1) If the AUSTRAC CEO has formed the opinion that the person no longer provides a designated service and has removed the person's name and enrolment details, the AUSTRAC CEO must (if possible) give a written notice to the person, or in the case of a deceased individual, the administrator of that individual's estate.

    (2)  The notice must set out:

              (a) the reason for the removal by the AUSTRAC CEO; and

              (b) the date on which the person's name and enrolment details were removed from the Roll.

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 63 Information to be provided or in relation to an application for enrolment as a reporting entity

    63.1 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) and paragraph 51E(2)(b) of that Act.

    63.2  The enrolment details, in relation to a person, are the details required to be provided as set out in Part A of the Schedule to this Chapter.

    63.3 A person making an application for enrolment as a reporting entity must:

         (1) provide in their application the information set out in Part A of the Schedule to this Chapter;

         (2) obtain and retain the information set out in Part B of the Schedule to this Chapter; and

         (3) include in their application a declaration made by the authorised individual that the information in the Schedule to this Chapter is true, accurate and complete.

    63.4 An application for enrolment as a reporting entity may be made by an agent of the person on behalf of the person, only if: