Document ID: chunk:federal_register_of_legislation:C2025C00044:section:5:p7
Version: federal_register_of_legislation:C2025C00044
Segment Type: section
Provision Reference: s 5 (pt 7/19)
Character Range: 49198–51841

that is intended for use by a person in obtaining access to an account that is held by the person for the purpose of withdrawing or depositing physical currency or obtaining goods or services; or
 (b) a thing (whether real or virtual) that may be used as a thing referred to in paragraph (a).
debit card account: if a debit card enables the holder of an account to debit the account, the account is a debit card account.
Defence Department means the Department administered by the Defence Minister.
Defence Minister means the Minister responsible for administering the Defence Act 1903.
Department of Foreign Affairs and Trade means the Department administered by the Foreign Affairs Minister.
derivative: see subsections 7A(3) and (4).
designated business group means a group of 2 or more persons, where:
 (a) each member of the group has elected, in writing, to be a member of the group, and the election is in force; and
 (b) each election was made in accordance with the AML/CTF Rules; and
 (c) no member of the group is a member of another designated business group; and
 (d) each member of the group satisfies such conditions (if any) as are specified in the AML/CTF Rules; and
 (e) the group is not of a kind that, under the AML/CTF Rules, is ineligible to be a designated business group.
designated infringement notice provision has the meaning given by subsection 184(4).
designated remittance arrangement has the meaning given by section 10.
designated service has the meaning given by section 6.
digital currency means:
 (a) a digital representation of value that:
 (i) functions as a medium of exchange, a store of economic value, or a unit of account; and
 (ii) is not issued by or under the authority of a government body; and
 (iii) is interchangeable with money (including through the crediting of an account) and may be used as consideration for the supply of goods or services; and
 (iv) is generally available to members of the public without any restriction on its use as consideration; or
 (b) a means of exchange or digital process or crediting declared to be digital currency by the AML/CTF Rules;
but does not include any right or thing that, under the AML/CTF Rules, is taken not to be digital currency for the purposes of this Act.
Digital Currency Exchange Register has the meaning given by section 76B.
DIO means that part of the Defence Department known as the Defence Intelligence Organisation, and includes any part of the Defence Force that performs functions on behalf of that part of the Department.
director of a company includes a member of a body corporate incorporated for a public purpose by a law of the