Queensland Consolidated Regulations

WAGERING REGULATION 1999 - REG 15I

15I End of registration as a restricted investor

(1) A person who is registered as a restricted investor may subsequently be registered as an unrestricted investor.

(2) If a restricted investor is subsequently registered as an unrestricted investor, the person’s registration as a restricted investor is cancelled.

(3) If a person’s registration as a restricted investor is not sooner cancelled under subsection (2) , the registration ends 72 hours after the person was registered.

(4) Despite subsection (3) , if the period that applies to verifying the person’s identity under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cwlth) , section 34 (1) is less than 72 hours, the registration ends when that period ends.