Document ID: chunk:federal_register_of_legislation:F2024C01198:body:0:p220
Version: federal_register_of_legislation:F2024C01198
Segment Type: other
Provision Reference: 
Character Range: 610578–613522

the account; or

              (b)  a designated service described in an item of table 1 in subsection 6(2) of the Act, other than item 1 or item 3, that is incidental to the provision of the designated service specified in paragraph 79.2(5)(a).

    79.3 For the purposes of subparagraph 34(1)(d)(i) of the Act, the relevant period ends 15 business days after the day the reporting entity commences to provide the designated service.
CHAPTER 80 AML/CTF Rules relating to certain definitions under the AML/CTF Act – stored value card

     80.1 These Anti-Money Laundering and Counter-Terrorism Financing Rules are made under section 229 of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) for the purposes of paragraph (f) of the definition of 'stored value card' in section 5 of the AML/CTF Act.

    Definition of a stored value card

     80.2 For the purposes of paragraph (f) of the definition of 'stored value card' in section 5 of the AML/CTF Act, each of the following is prescribed as a thing that is taken not to be a stored value card:

         (1) an account;

         (2) a card or other instrument that is only used for the purposes of storing monetary value, or accessing monetary value, in relation to:

         (a) purchasing an entry into a lottery; or

         (b) redeeming winnings in respect of a lottery.
CHAPTER 81 Financial institutions – Exemption from applying for registration on the Digital Currency Exchange Register

      81.1  These Anti-Money Laundering and Counter-Terrorism Financing Rules are made under section 229 for subsection 247(4) of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act).

      81.2  Part 6A of the AML/CTF Act does not apply to a designated service that is of the kind described in item 50A of Table 1 in subsection 6(2) of the AML/CTF Act if the person who provides the designated service is:

      1.       a financial institution; and
      2.       enrolled on the Reporting Entities Roll.

      81.3  In this Chapter,

      'financial institution' has the same meaning as paragraphs (a)-(d) of the definition in section 5 of the AML/CTF Act.

      'Reporting Entity' has the same meaning as in section 5 of the AML/CTF Act.

      'Reporting Entities Roll' has the same meaning as in section 51C of the AML/CTF Act.

      Note:   The exemption from applying for registration does not exempt the person from any other obligation imposed by the AML/CTF Act, including the reporting obligations specified in Part 3 of that Act.

Notes to the Anti-Money Laundering and Counter-Terrorism Financing Rules Instrument 2007 (No. 1)

Note 1
The Anti-Money Laundering and Counter-Terrorism Financing Rules Instrument 2007 (No. 1) (in force under section 229 of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006) as shown in this compilation is amended as indicated in