Document ID: chunk:federal_register_of_legislation:C2011A00060:clause:1_49
Version: federal_register_of_legislation:C2011A00060
Segment Type: clause
Provision Reference: sch 1 cl 49
Character Range: 42634–43205

49  Ongoing customer due diligence
 If an obligation is imposed by subsection 36(1) of the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006:
 (a) on or after the day on which this Act receives the Royal Assent; and
 (b) on a reporting entity:
 (i) that provides a designated service covered by item 31 or 32 of table 1 in section 6 of that Act; and
 (ii) that provides that service as part of a network of persons referred to in item 32A of that table operated by another reporting entity;
that obligation may be discharged by that other reporting entity.