Document ID: chunk:federal_register_of_legislation:C2011A00060:clause:1_51
Version: federal_register_of_legislation:C2011A00060
Segment Type: clause
Provision Reference: sch 1 cl 51
Character Range: 44437–45452

51  Tipping off
(1) Subsection 123(2) of the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 does not apply to the disclosure of information by a reporting entity on or after the day on which this Act receives the Royal Assent if:
 (a) the reporting entity is an entity:
 (i) that provides a designated service covered by item 31 or 32 of table 1 in section 6 of that Act; and
 (ii) that provides that service as part of a network of persons referred to in item 32A of that table operated by another reporting entity; and
 (b) the disclosure is made to that other reporting entity.
(2) Subsection 123(2) of the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 does not apply to the disclosure of information by a reporting entity on or after the day on which this Act receives the Royal Assent if:
 (a) the reporting entity provides a designated service covered by item 32A of table 1 in section 6 of that Act; and
 (b) the disclosure is made to a customer of that designated service.