Document ID: chunk:federal_register_of_legislation:F2024C01198:body:0:p125
Version: federal_register_of_legislation:F2024C01198
Segment Type: other
Provision Reference: 
Character Range: 350367–353344

more (or foreign currency equivalent). Note there is no limit to the sum of monetary instruments amounts you can carry in and out of Australia.

        34.4 For the purposes of section 61(2)(b), a written notice may be affixed at:

         (1) any port, airport, wharf, or boarding station that is appointed (and, if applicable, the limits of which are fixed) under section 15 of the Customs Act 1901; and

         (2) a place to which section 234AA of the Customs Act 1901 applies that is not a place, or a part of a place, referred to in paragraph 34.4(1).

    34.5 In this Chapter:

         (1) 'self-standing sign' includes portable or temporary signage (however described);

         (2) 'digital/electronic sign' includes a monitor or screen (however described) on which electronic images and/or words are capable of being displayed;

         (3) the definition of 'writing' in section 2B of the Acts Interpretation Act 1901 applies to the form of the written notice.

Reporting entities should note that in relation to activities they undertake to comply with the AML/CTF Act, they will have obligations under the Privacy Act 1988, including the requirement to comply with the Australian Privacy Principles, even if they would otherwise be exempt from the Privacy Act. For further information about these obligations, please go to http://www.oaic.gov.au or call 1300 363 992.

CHAPTER 35 Exemption from applicable customer identification procedures for correspondent banking relationships

    35.1 These Anti-Money Laundering and Counter-Terrorism Financing Rules (Rules) are made under section 229 for subsection 39(4) of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act).

    35.2 Division 4 of Part 2 of the AML/CTF Act does not apply to a reporting entity which is a financial institution providing a designated service that:

 (1) is either:

              (a) of a kind described in item 2 of table 1 in subsection 6(2) of the AML/CTF Act; or

             (b) of a kind described in item 3 of table 1 in subsection 6(2) of the AML/CTF Act; and

(2) relates to a correspondent banking relationship; and

         (3) occurs in one of the circumstances set out in section 100 of the AML/CTF Act; and

         (4) relates to signatories to the account who are employees of the other financial institution.

Reporting entities should note that in relation to activities they undertake to comply with the AML/CTF Act, they will have obligations under the Privacy Act 1988, including the requirement to comply with the Australian Privacy Principles, even if they would otherwise be exempt from the Privacy Act. For further information about these obligations, please go to http://www.oaic.gov.au or call 1300 363 992.
CHAPTER 36 Exemption of certain designated services within a corporate structure

     36.1 These Anti-Money Laundering and Counter-Terrorism Financing Rules (Rules) are made under section