Document ID: chunk:federal_register_of_legislation:C2024A00110:clause:2_5:p2
Version: federal_register_of_legislation:C2024A00110
Segment Type: clause
Provision Reference: sch 2 cl 5 (pt 2/3)
Character Range: 63072–65925

person who is equivalent to a spouse or de facto partner under any applicable law of a foreign country, of a child of the individual; and
 (g) a parent of the individual.
foreign politically exposed person means:
 (a) an individual who holds a prominent office or position or public function in or for the legislature, executive or judiciary of a foreign country, including an individual who holds any of the following offices or positions:
 (i) head of state or head of government;
 (ii) member of the executive council of government;
 (iii) member of a legislature;
 (iv) minister, deputy minister or equivalent office or position;
 (v) judge of a supreme court, constitutional court or other court of general jurisdiction or last resort;
 (vi) ambassador, high commissioner or charge d'affaires;
 (vii) high ranking military officer;
 (viii) head or board member of a government body;
 (ix) head or board member of a state‑owned company or a state‑owned bank;
 (x) member of a governing body of a political party represented in a legislature;
 (xi) an office or position prescribed in the AML/CTF Rules; or
 (b) a family member of an individual covered by paragraph (a); or
 (c) an individual who is known (having regard to information that is public or readily available) to have:
 (i) joint beneficial ownership of a body corporate or legal arrangement with an individual covered by paragraph (a); or
 (ii) sole beneficial ownership of a body corporate or legal arrangement on behalf or for the benefit of an individual covered by paragraph (a); or
 (iii) any other close business relations with an individual covered by paragraph (a).
              Note: Foreign country has an extended meaning—see the definition of foreign country in this section.
international organisation politically exposed person means:
 (a) an individual who is entrusted with a prominent public function, position or office of a public international organisation, including a head, deputy head or board member in a public international organisation;
 (b) a family member of an individual covered by (a);
 (c) an individual who is known (having regard to information that is public or readily available) to have:
 (i) joint beneficial ownership of a body corporate or legal arrangement with an individual covered by paragraph (a); or
 (ii) sole beneficial ownership of a body corporate or legal arrangement on behalf or for the benefit of an individual covered by paragraph (a); or
 (iii) any other close business relations with an individual covered by paragraph (a).
KYC information (short for know your customer information) about a customer of a reporting entity means information about the customer that:
 (a) provides reasonable grounds for the reporting entity to establish the matters mentioned in subsection 28(2); or
 (b) enables the reporting entity to identify