Document ID: chunk:federal_register_of_legislation:C2025C00044:section:100
Version: federal_register_of_legislation:C2025C00044
Segment Type: section
Provision Reference: s 100
Character Range: 302530–303480

100  Geographical links
  A financial institution is not subject to a requirement under this Part in connection with a correspondent banking relationship the financial institution has, or proposes to have, with another person unless:
 (a) the financial institution carries on an activity or business at or through a permanent establishment of the financial institution in Australia; or
 (b) both:
 (i) the financial institution is a resident of Australia; and
 (ii) the financial institution carries on an activity or business at or through a permanent establishment of the financial institution in a foreign country; or
 (c) both:
 (i) the financial institution is a subsidiary of a company that is a resident of Australia; and
 (ii) the financial institution carries on an activity or business at or through a permanent establishment of the financial institution in a foreign country.
Note: For resident, see section 14.

Part 9—Countermeasures