Document ID: chunk:federal_register_of_legislation:C2024A00110:clause:1_40
Version: federal_register_of_legislation:C2024A00110
Segment Type: clause
Provision Reference: sch 1 cl 40
Character Range: 52995–53806

40  Subsection 161(4)
Repeal the subsection, substitute:
 (4) The matters that may be specified under paragraph (3)(a) may include either or both of the following:
 (a) an assessment of the risks of money laundering, financing of terrorism and proliferation financing that the reporting entity may reasonably face in providing its designated services at or through a permanent establishment of the reporting entity in Australia;
 (b) an assessment of what the reporting entity will need to do, or continue to do, to appropriately identify, assess, manage or mitigate the risks of money laundering, financing of terrorism and proliferation financing that the reporting entity may reasonably face in providing its designated services at or through a permanent establishment of the reporting entity in Australia.