Anti-Money Laundering and Counter-Terrorism Financing Rules Amendment Instrument 2012 (No. 2)

Link to law: https://www.comlaw.gov.au/Details/F2012L01172

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Anti-Money Laundering and Counter-Terrorism Financing Rules Amendment Instrument 2012 (No. 2)
Anti-Money Laundering and Counter-Terrorism Financing Act 2006
I, John Lance Schmidt, Chief Executive Officer, Australian Transaction Reports and Analysis Centre, make this Instrument under section 229 of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006.
 
Dated 1 June 2012
 
 
 
 
 
 
 
 
[Signed]
John Lance Schmidt
Chief Executive Officer
Australian Transaction Reports and Analysis Centre
 
1             Name of Instrument
This Instrument is the Anti-Money Laundering and Counter-Terrorism Financing Rules Amendment Instrument 2012 (No. 2).
2             Commencement
Schedule 1 of this Instrument commences on the day after it is registered.
 
3             Amendment
Schedule 1 amends the Anti-Money Laundering and Counter-Terrorism Financing Rules Instrument 2007 (No. 1).        
        
Schedule 1               Amendment of the Anti-Money Laundering and Counter-Terrorism Financing Rules Instrument 2007 (No. 1).
 
 
1.      Chapter 56
 
 
Item 1             Schedule 1, Part A, after paragraph 19, insert:
 
(20)         The business contact details of the individual completing the application for registration, comprising:
(a)        full name;
(b)        position or title;
(c)        date of birth (optional);
(d)       telephone number;
(e)        facsimile number (if applicable);
(f)        email address; and
(g)        postal address.
 
 
 
Item 2             Schedule 2, Part A, after paragraph 19, insert:
 
(20)         The business contact details of the individual completing the application for registration, comprising:
(a)        full name;
(b)        position or title;
(c)        date of birth (optional);
(d)       telephone number;
(e)        facsimile number (if applicable);
(f)        email address; and
(g)        postal address.
 
Item 3             Schedule 3, Part A, after paragraph 20, insert:
 
(21)                  The business contact details of the individual completing the application for registration, comprising:
(a)        full name;
(b)        position or title;
(c)        date of birth (optional);
(d)       telephone number;
(e)        facsimile number (if applicable);
(f)        email address; and
(g)        postal address.
 
2.      Chapter 63
 
Item 1             Schedule, Part A, paragraph 27, omit
 
Item 2             Schedule, Part A, paragraph 28
 
Renumber as 27
 
Item 3             Schedule, Part A, after paragraph 27, insert
 
28.       Where the person is a remittance affiliate; and,
 
(a)        provided a designated service or services only in the capacity of a remittance affiliate; and
 
            (b)        did not provide a designated service in any other capacity;
 
that person is not required to provide the information in regard to an application for enrolment specified at,
 
            (c)        paragraphs 19, 20, 21, 22, 25, 26 and 27.
 
Item 4             Schedule, Part A, after paragraph 28, insert
 
29.       Where the person is exempt from Part 7 of the AML/CTF Act in full, that person is not required to provide the information in regard to an application for enrolment specified at,
 
(a)        paragraphs 19, 20, 21, 22, 25, and 27.
 
Item 5             Schedule, Part B, for paragraph 1, substitute
 
1.         The annual financial statements of the person relating to the most recent financial year before the census date, unless the person is:
 
(a)        a remittance affiliate that provided a designated service or services only in the capacity of a remittance affiliate and did not provide a designated service in any other capacity;
 
or
 
(b)        a person exempt from Part 7 of the AML/CTF Act in full.