Document ID: chunk:federal_register_of_legislation:F2024C01198:body:0:p185
Version: federal_register_of_legislation:F2024C01198
Segment Type: other
Provision Reference: 
Character Range: 512413–515262

These Anti-Money Laundering and Counter-Terrorism Financing Rules (Rules) are made under section 229 of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) for the purposes of subsection 51F(1) of that Act and in reliance on section 4 of the Acts Interpretation Act 1901. These Rules come into effect on the date that section 51F of the AML/CTF Act comes into effect.

    64.2 For the purposes of subsection 51F(1) the following matters are specified:

         (1) any change in any of the person's enrolment details set out in Part A of the Schedule to Chapter 63, including:

              (a) if applicable, an updated annual earnings figure as soon as that becomes available;

              (b) where two or more persons whose names and enrolment details are currently on the Roll have merged or amalgamated, and the merged or amalgamated entity has commenced, or has continued, to provide a designated service.

    64.3 Notification of a change in the person's enrolment details may be made by an agent of the person on behalf of the person, only if:

         (1) there is a current written agreement in place between the agent of the person and the person, or the person has provided to the agent of the person a written authority;

         (2) that agreement or written authority authorises the agent to notify, on behalf of the person, a change in the enrolment details of the person on the Reporting Entities Roll; and

         (3) the notification of a change in a person's enrolment details includes a declaration by the agent that the information is true, accurate and complete.

    64.4 A request for change of a person's enrolment details may be made by a person (the requestor) who is not the person or an agent of the person, if:

         (1) the request provides evidence of the requestor's authority to make that request, to the satisfaction of the AUSTRAC CEO, and

     (2) the person is a corporate body which has ceased to exist; or

         (3) the person is an individual who no longer has capacity to manage their affairs.

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 65 Removal of entries from the Reporting Entities Roll

    65.1 These Anti-Money Laundering and Counter-Terrorism Financing Rules (Rules) are made under section 229 of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) for the purposes of paragraph 51G(2)(b) of that Act.

    65.2 A request made