Commonwealth Numbered Acts

ANTI-MONEY LAUNDERING AND COUNTER-TERRORISM FINANCING ACT 2006 (NO. 169, 2006) - SECT 88

             (1)  Each of the following:

                     (a)  Part B of a standard anti‑money laundering and counter‑terrorism financing program;

                     (b)  Part B of a joint anti‑money laundering and counter‑terrorism financing program;

                     (c)  a special anti‑money laundering and counter‑terrorism financing program;

                     (d)  AML/CTF Rules made for the purposes of paragraph 84(3)(b), 85(3)(b) or 86(1)(c);

may make different provision with respect to:

                     (e)  different kinds of customers; or

                      (f)  different kinds of designated services; or

                     (g)  different circumstances.

             (2)  Subsection (1) does not limit subsection 33(3A) of the Acts Interpretation Act 1901 .

Note:          The following are examples of different kinds of customers:

(a)           individuals;

(b)           companies;

(c)           trusts;

(d)           partnerships.