Document ID: chunk:federal_register_of_legislation:C2011C00166:clause:5_31
Version: federal_register_of_legislation:C2011C00166
Segment Type: clause
Provision Reference: sch 5 cl 31
Character Range: 173001–173635

31  Transitional provisions for AML/CTF Rules

(1) This item applies if, immediately before the commencement of this Part, a provision of the AML/CTF Rules specified a person for the purposes of subparagraph 10(1)(a)(v) or (b)(v) of the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 (as in force immediately before that commencement).

(2) The provision has effect as if it specified the person for the purposes of paragraph (e) of the definition of non‑financier in section 5 of that Act as amended by this Part.

(3) This item does not prevent the amendment or repeal of those rules so as to affect the provision.