Document ID: chunk:federal_register_of_legislation:F2024C01198:body:0:p98
Version: federal_register_of_legislation:F2024C01198
Segment Type: other
Provision Reference: 
Character Range: 275006–278070

is not reasonably practicable to conduct the applicable customer identification procedure on the customer in that jurisdiction; or

        (2) an issue of an interest in a managed investment scheme (including an option to acquire an interest in a managed investment scheme) where the managed investment scheme is quoted on a prescribed financial market, in the following circumstances:
           (a) the issue is in accordance with relevant requirements in the Corporations Act 2001 pursuant to a dividend or distribution plan (also known as a distribution reinvestment plan); and
           (b) the interest is to be quoted on a prescribed financial market; or

        (3) an issue of an interest in a managed investment scheme (including an option to acquire an interest in a managed investment scheme) where the managed investment scheme is quoted or to be quoted on a prescribed financial market, in the following circumstances:
           (a) the issue is in accordance with relevant requirements in the Corporations Act 2001 pursuant to fundraising (including an initial public offering and a rights issue); and
           (b) the interest is to be quoted on a prescribed financial market.
        (4) an issue (but not sale, transfer or redemption) of an interest in a registered managed investment scheme (except for an interest which forms part of a stapled security) covered by item 35 of table 1 in subsection 6(2) of the AML/CTF Act (item 35 designated service) by a reporting entity (first reporting entity) in the following circumstances:
           (a) the processing and settlement of the issue of the interest in the registered managed investment scheme occurs through a MIS service operated:

                (i) only by:

                    (A) a prescribed financial market; or

                    (B) the operator of a financial market in respect of which an Australian market licence exemption has been made; or

                (ii) only by both of the persons specified in subparagraphs 21.3(4)(a)(i)(A) and (B);
           (b) the interest in the registered managed investment scheme is not quoted on a financial market; and
           (c) the customer of the item 35 designated service has also been provided or will be provided with a designated service covered by item 33 of table 1 in subsection 6(2) of the AML/CTF Act by another reporting entity (second reporting entity); and
           (d) the second reporting entity:

                (i) is a participant;

                (ii) has carried out the applicable customer identification procedure in respect to the customer; and

                (iii) has confirmed, through the MIS service, to the first reporting entity, that the applicable customer identification procedure has been carried out for that customer by the second reporting entity; and
            (e) prior to the first reporting entity issuing the interest in the registered managed investment scheme to the customer, the first reporting entity has received, through the MIS service, confirmation from