Document ID: chunk:federal_register_of_legislation:C2025C00044:section:84:p2
Version: federal_register_of_legislation:C2025C00044
Segment Type: section
Provision Reference: s 84 (pt 2/2)
Character Range: 281851–282913

(5A) A reporting entity that is a registered remittance network provider must make available a standard anti‑money laundering and counter‑terrorism financing program to its registered remittance affiliates for the purpose of adoption and maintenance under section 81 by those affiliates. To avoid doubt, this subsection does not prevent a remittance affiliate from adopting a program other than one made available under this section.

Civil penalty
 (5B) Subsection (5A) is a civil penalty provision.

Variation
 (6) A standard anti‑money laundering and counter‑terrorism financing program may be varied, so long as the varied program is a standard anti‑money laundering and counter‑terrorism financing program.

Registered scheme—compliance plan
 (7) If a reporting entity is the responsible entity of a registered scheme (within the meaning of the Corporations Act 2001), the reporting entity's standard anti‑money laundering and counter‑terrorism financing program may be set out in the same document as the registered scheme's compliance plan under that Act.