Document ID: chunk:federal_register_of_legislation:F2024C01198:body:0:p66
Version: federal_register_of_legislation:F2024C01198
Segment Type: other
Provision Reference: 
Character Range: 183562–186482

reporting entities under sections 41, 43, 45 and 47 of the AML/CTF Act (reporting obligations); and

         (2)  appropriate systems and controls of each of the reporting entities designed to ensure compliance with the reporting obligations of the reporting entity; and

         (3)  the obligations that apply to each of the reporting entities under section 51F of the AML/CTF Act and Chapter 64 of the AML/CTF Rules; and

         (4)  where a reporting entity in the designated business group is a remittance dealer, the obligations that apply to the remittance dealer under section 75M of the AML/CTF Act (as applicable) to advise:

             (a) the AUSTRAC CEO of material changes in circumstances and other specified circumstances under subsections 75M(1) and 75M(3) of the AML/CTF Act; or

             (b) the registered remittance network provider of material changes in circumstances and other specified circumstances under subsection 75M(2) of the AML/CTF Act.

    Note: Remittance dealers should also refer to Chapter 60 of the AML/CTF Rules which specifies the material changes to registration details which must be reported to the AUSTRAC CEO.

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 10
          Part 10.1 Casinos

     10.1.1 This Part is made for subsections 39(4), 118(2) and 118(4) of the Act.

     10.1.2 This Part applies to designated services provided by a casino other than online gambling services.

    Customer identification

     10.1.3 Division 4 of Part 2 of the Act, subject to paragraph 10.1.5, does not apply to a designated service that:

         (1) is of a kind described in items 1, 2, 4, 6, 7, 8 or 9 of table 3 in subsection 6(4) of the Act; and

         (2) involves an amount less than $10,000.

     10.1.4 Division 4 of Part 2 of the Act, subject to paragraph 10.1.5, does not apply to a designated service that is of a kind described in items 1, 2, 4, 6 or 9 of table 3 in subsection 6(4) of the Act where the service:

         (1) involves an amount of $10,000 or more; and

         (2) involves the customer giving or receiving only gaming chips or tokens.

     10.1.5 An exemption does not apply if the reporting entity determines that it must obtain and verify any KYC information about a customer in accordance with its enhanced customer due diligence program and customer identification program.

    Verification of identity

     10.1.6 Chapter 6 is modified as follows:

         (1) the specified action in paragraph 6.1.3 must be taken:

             1.