Document ID: chunk:federal_register_of_legislation:F2024C01198:body:0:p191
Version: federal_register_of_legislation:F2024C01198
Segment Type: other
Provision Reference: 
Character Range: 528427–531493

by a warrant issuer in relation to a warrant; and

         (1) a customer acquires a warrant on-market or off-market through the completion of a transfer; or

         (2) after the circumstances in subparagraph 67.7(1) occur, as a result of a corporate action in relation to the underlying asset, the warrant issuer sells the underlying asset; or

         (3) after the circumstances in subparagraph 67.7(1) occur, as a result of a corporate action in relation to the underlying asset, the warrant issuer issues a new warrant to the warrant holder; or

         (4)  after the circumstances in subparagraph 67.7(1) occur, the service is provided as a result of the roll-over or re-set of a warrant, when the warrant issuer sells the underlying asset; or

         (5)  after the circumstances in subparagraph 67.7(1) occur, the service is provided as a result of the expiry of a warrant, when the warrant issuer issues a new warrant to the warrant holder.

    67.8 In this Chapter:

         (1) 'corporate action' includes an assignment, conveyance, sale, or transfer of the whole or part of a business in relation to the underlying asset;

         (2) 'off-market' means where customers purchase warrants on their own behalf, rather than from warrant issuers, outside a prescribed financial market;

         (3) 'prescribed financial market' has the meaning given by section 9 of the Corporations Act 2001;

         (4) 'warrant' has the meaning set out in Regulation 1.0.02 of the Corporations Regulations 2001, when issued by a bank, government or other institution;

         (5) 'warrant holder' means the customer of the warrant issuer;

         (6) 'warrant issuer' means a person approved by a prescribed financial market to issue warrants.

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 68 Anti-Money Laundering and Counter-Terrorism Financing Rules relating to records of identification procedures

    68.1 These Anti-Money Laundering and Counter-Terrorism Financing Rules (Rules) are made under section 229 for subsection 112(3) of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act).

    68.2 A record made under subsection 112(2) by a reporting entity relevant to the applicable customer identification procedure and information obtained in the course of carrying out the applicable customer identification procedure, must be kept by the reporting entity in a form that enables the reporting entity:

         (1) to provide the record to an authorised officer within a reasonable period; and

         (2) to demonstrate to the authorised officer that the reporting entity has complied with the obligations under subsection