Document ID: chunk:federal_register_of_legislation:C2007C00287:clause:1_108
Version: federal_register_of_legislation:C2007C00287
Segment Type: clause
Provision Reference: sch 1 cl 108
Character Range: 33949–34684

108  At the end of section 24
Add:

 (9) This section does not apply in relation to the opening of an account if the account is opened after the commencement of Division 1 of Part 2 of the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 in circumstances that amount to the provision of a designated service.

 (10) This section does not apply in relation to the operation of an account after the commencement of Division 1 of Part 2 of the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 if:
 (a) the account was opened in circumstances that amount to the provision of a designated service; or
 (b) allowing a transaction in relation to the account would amount to the provision of a designated service.