Commonwealth Numbered Acts Commonwealth Numbered Acts(1) The principles of agency apply in relation to the carrying out by a reporting entity of an applicable customer identification procedure.
(2) For example, a reporting entity may authorise another person to be its agent for the purposes of carrying out applicable customer identification procedures on the reporting entity's behalf.
(3) To avoid doubt, if a reporting entity provides a designated service to a customer through an agent of the reporting entity, the reporting entity may authorise:
(a) that agent; or
(b) any other person;
to be its agent for the purposes of carrying out the applicable customer identification procedure in respect of the customer on the reporting entity's behalf.