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ANTI-MONEY LAUNDERING AND COUNTER-TERRORISM FINANCING ACT 2006 - SECT 44

Exemptions

  (1)   This Division does not apply to a designated service that is of a kind specified in the AML/CTF Rules.

  (2)   The AML/CTF Rules may provide that a specified provision of this Division does not apply to a designated service that is of a kind specified in the AML/CTF Rules.

  (3)   This Division does not apply to a designated service that is provided in circumstances specified in the AML/CTF Rules.

  (4)   The AML/CTF Rules may provide that a specified provision of this Division does not apply to a designated service that is provided in circumstances specified in the AML/CTF Rules.

  (5)   This Division does not apply to a designated service that is provided by a reporting entity at or through a permanent establishment of the entity in a foreign country, other than a service covered by item   32A of table 1 in section   6.

  (6)   This Division does not apply to a designated service covered by item   54 of table 1 in section   6.

Note:   Item   54 of table 1 in section   6 covers a holder of an Australian financial services licence who arranges for a person to receive a designated service.



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