Document ID: chunk:federal_register_of_legislation:C2011A00060:clause:1_50
Version: federal_register_of_legislation:C2011A00060
Segment Type: clause
Provision Reference: sch 1 cl 50
Character Range: 43205–44437

50  AML/CTF Rules may make provision in relation to reports by certain reporting entities
(1) The AML/CTF Rules may make provision for and in relation to reports required by Part 3 of the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 to be given, on or after the day on which this Act receives the Royal Assent, by a reporting entity (the remittance affiliate):
 (a) that provides a designated service covered by item 31 or 32 of table 1 in section 6 of that Act; and
 (b) that provides that service as part of a network of persons referred to in item 32A of that table operated by another reporting entity (the remittance network provider).
(2) Without limiting subitem (1), the AML/CTF Rules may provide:
 (a) that an obligation imposed by that Part upon the remittance affiliate to provide a report is taken instead, or in addition, to be an obligation imposed upon the remittance network provider; and
 (b) that an obligation imposed by this Part on the remittance affiliate may be discharged by the remittance network provider; and
 (c) that a report required to be provided as mentioned in paragraph (a) must, or may, be given by the remittance network provider in the manner specified in the AML/CTF Rules.