This page provides an Amendment Guide (archive of amendment instruments) to assist visitors in researching the legislative history of a particular chapter or chapters.
Contents
Section amendments
| Sections | Amendment instrument | Amendment description |
|---|---|---|
| Section 2 | rs. Amdt, 2008 (No. 1) | Clarify other AML/CTF Rules outside main Compilation. |
| Note to section 2 |
rep. Amdt, 2008 (No. 7) | All Rules incorporated into one Compilation. |
| Section 3 | rep. Amdt, 2008 (No. 1) | Minor amendments. |
Chapter amendments
| Chapter | Amendment instrument | Amendment description |
|---|---|---|
| Chapter 1 | am. Amdt, 2009 (No. 3) | 'Accredited translator' inserted as not previously defined in the AML/CTF Rules, despite being relevant for verification of customer identity. |
| am. Amdt, 2009 (No. 4) | Expands the list of persons who can certify that a document is a true copy of, or an extract from, an original document, to include all persons under Regulation 4 of the Statutory Declarations Regulations 1993. | |
| am. Amdt, 2011 (No. 1) | Adds 'officers' and 'authorised representatives' of Australian credit licence holders as persons who can certify true copies of documents under the AML/CTF Rules. | |
| am. Amdt, 2012 (No. 1) | Minor changes as a result of the amalgamation of Medicare Australia and Centrelink with the Department of Human Services. | |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| am. Amdt, 2014 (No. 1) | Amends 'primary non-photographic identification document' definition. | |
| am. Amdt, 2014 (No. 3) |
Amends definition of 'certified copy' - adds notary public in a foreign country. Inserts definitions of 'Australian Government Entity', 'politically exposed person', 'reasonable measures' and 'senior managing official'. Amends definition of 'beneficial owner'. |
|
| am. Amdt, 2018 (No. 1) |
Amends definitions of ‘primary non-photographic identification document’, 'primary photographic identification document’ and ‘secondary identification document’. Expands the list of persons who can provide certified copies of documents to include a person in a foreign country who is authorised by law in that jurisdiction to administer oaths or affirmations or to authenticate documents. |
|
| Chapter 2 | rs. Amdt, 2009 (No. 3) | Extends the definition of designated business group to accountancy and law practices |
| am. Amdt, 2010 (No.1) | Allows reporting entities that are money transfer service providers, representatives or sub-representatives of a money transfer service provider, and who provide a registrable designated remittance service through the provider's money transfer service, to form designated business groups. | |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| Chapter 3 | am. Amdt, 2008 (No. 7) | Requirements relating to Correspondent banking for reporting entities. |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| am. Amdt, 2018 (No. 2) | Amends to only apply to correspondent banking relationships that involve a vostro account (as opposed to both vostro and nostro) | |
| Chapter 4 | am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. |
| rs. Amdt, 2014 (No. 3) | Amendments relating to customer due diligence, beneficial owners and politically exposed persons. | |
| am. Amdt, 2015 (No. 1) | Amendment to clarify operation of paragraph relating to collection and verification of beneficial owner information. | |
| am. Amdt, 2015 (No. 2) | Amendment to exempt reporting entities currently exempt from customer identification from the identification of beneficial owners and politically exposed persons. | |
| rs. Amdt, 2016 (No. 1) | Amendments on customer identification relating to the electronic safe harbour provisions for customers and the collection of identification information from sources other than the customer. | |
| am. Amdt, 2018 (No. 1) |
Expands the exemptions for identification of beneficial ownership. Adds Part 4.15 which sets out procedures for reporting entities to follow in certain limited and exceptional circumstances where a customer is unable to provide satisfactory evidence of their identity. |
|
| am. Amdt, 2018 (No. 2) | Amends the table at paragraph 4.14.1 to reflect amendments to Chapter 45 | |
| Chapter 5 | am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. |
| rs. Amdt, 2014 (No. 3) | Amendments relevant to legal powers and insertion of term 'AML/CTF program'. | |
| Chapter 6 | am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. |
| Chapter 7 | am. Amdt, 2007 (No. 4) | Amends paragraph 7.3.2(2) to read "112(2)" rather than paragraph "114(2)". |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| Chapter 8 | am. Amdt, 2012 (No. 1) | Requires reporting entities to state in their AML/CTF programs what reporting obligations and appropriate systems and controls they have under the AML/CTF Act. |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| am. Amdt, 2014 (No. 3) | Amendments to clarify legal powers and program requirements. | |
| am. Amdt, 2014 (No. 4) | Amendments to include reference to additional reporting requirements. | |
| am. Amdt, 2018 (No. 1) |
Amends the identification, mitigation and management of money laundering and terrorism financing risks. Amends Part 8.6 to guarantee the independence of the reviewer of AML/CTF programs. Amends to require the incorporation of guidance on ML/TF risks provided by AUSTRAC into AML/CTF programs. |
|
| Chapter 9 | am. Amdt, 2012 (No. 1) | Requires reporting entities to state in their AML/CTF programs what reporting obligations and appropriate systems and controls they have under the AML/CTF Act. |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| am. Amdt, 2014 (No. 3) | Amendments to clarify legal powers and program requirements. | |
| am. Amdt, 2014 (No. 4) | Amendments to include reference to additional reporting requirements. | |
| am. Amdt, 2018 (No. 1) |
Amends the identification, mitigation and management of money laundering and terrorism financing risks. Amends Part 9.6 to guarantee the independence of the reviewer of AML/CTF programs. Amends to require the incorporation of guidance on ML/TF risks provided by AUSTRAC into AML/CTF programs |
|
| Chapter 10 | am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. |
| am. Amdt, 2018 (No. 2) | Amends paragraphs 10.2.4 and 10.2.6 by adding references to items 7 and 8 designated services of table 3 in subsection 6(4) of the AML/CTF Act | |
| Chapter 11 | ad. Amdt, 2007 (No. 1) | Specifies the compliance reporting and lodgement periods under the AML/CTF Act. |
| am. Amdt, 2008 (No. 8) | Specifies the reporting and lodgement periods for 2008. | |
| am. Amdt, 2009 (No. 5) | Specifies the reporting and lodgement periods for 2009. | |
| am. Amdt, 2010 (No. 3) | Specifies that the compliance reporting period for 2010 is a calendar year, and will continue as a calendar year. | |
| am. Amdt, 2011 (No. 8) | Exemption from submitting a 2011 compliance report for reporting entities providing remittance services. | |
| am. Amdt, 2012 (No. 5) | Exemption for registered remittance network providers and registered remittance affiliates providing only designated services under items 31, 32 or 32A from the requirement to lodge a compliance report for 2012. | |
| rs. Amdt, 2013 (No. 2) | Exemption from the requirement to lodge a compliance report for 2013 for registered remittance network providers and registered remittance affiliates providing only designated services under items 31, 32 or 32A. | |
| rs. Amdt, 2014 (No. 5) | Exemption from the requirement to lodge a compliance report for 2014 for registered remittance network providers and registered remittance affiliates providing only designated services under items 31, 32 or 32A. | |
| am. Amdt, 2015 (No. 2) | Exemption from the requirement to lodge a compliance report for 2015 for registered remittance network providers and registered remittance affiliates providing only designated services under items 31, 32 or 32A. | |
| am. Amdt, 2016 (No. 2) | Exemption from the requirement to lodge a compliance report for 2016 for registered remittance network providers and registered remittance affiliates providing only designated services under items 31, 32 or 32A. | |
| Chapter 12 | ad. Amdt, 2007 (No. 1) | Information to be transferred with Electronic Funds Transfer Instructions when money is paid by credit card. |
| am. by Amdt, 2007 (No. 2) | Amendment to include Chapter in previous instrument. | |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| am. Amdt, 2018 (No. 2) | Deletes paragraph 12.3 | |
| Chapter 13 | ad. Amdt, 2007 (No. 2) | Specifies approved third-party bill payment systems which are exempt from passing on specified information with an Electronic Funds Transfer Instruction. |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| Chapter 14 | ad. Amdt, 2007 (No. 3) | Monetary thresholds that trigger customer identification under the AML/CTF Act. |
| am. Amdt, 2008 (No. 6) | Transaction value raised from $500 to $1000 for some designated services. | |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| Chapter 15 | ad. Amdt, 2007 (No. 4) | Specifies ongoing customer due diligence requirements for reporting entities. |
| am. Amdt, 2007 (No. 5) | Inserts commencement details. | |
| am. Amdt, 2011 (No. 5) | Requirements for reporting entities in high ML/TF risk situations, and inserts 'prescribed foreign countries' and definition of 'ultimate beneficial ownership'. | |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| rs. Amdt, 2014 (No. 3) | Amendments relating to customer due diligence, beneficial owners and politically exposed persons. | |
| Chapter 16 | ad. Amdt, 2007 (No. 4) | Requirements for IFTI-E reports to AUSTRAC. |
| am. Amdt, 2007 (No. 5) | Inserts commencement details. | |
| am. Amdt, 2011 (No. 2) | Reporting requirements for 'batched' instructions'. | |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| Chapter 17 | ad. Amdt, 2007 (No. 4) | Requirements for IFTI-DRA reports to AUSTRAC. |
| am. Amdt, 2007 (No. 5) | Inserts commencement details. | |
| am. Amdt, 2008 (No. 7) | Amends IFTI-DRA requirements | |
| am. Amdt, 2011 (No. 1) | Adds the term 'non-financier', specifies the information required for account details and allows the use of identifiers for name and address. | |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| Chapter 18 | ad. Amdt, 2007 (No. 4) | Requirements for suspicious matter reports to AUSTRAC. |
| am. by Amdt, 2008 (No. 7) | Amends suspicious matter reporting requirements. | |
| am. Amdt, 2007 (No. 5) | Inserts commencement details. | |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| am. Amdt, 2018 (No. 2) |
Amends to specify additional information to be included in a suspicious matter report when the designated service being reported on involves digital currency. Amends to add definitions of ‘digital currency wallet’ and ‘unique device identifiers’. |
|
| Chapter 19 | ad. Amdt, 2007 (No. 5) | Requirements for threshold transaction reports to AUSTRAC. |
| am. by Amdt, 2008 (No. 1) | Minor amendments. | |
| am. by Amdt, 2008 (No. 7) | Amends threshold transaction requirements. | |
| am. Amdt, 2009 (No.3) | Minor amendments. | |
| rs. Amdt, 2010 (No. 3) | Amends threshold transaction requirements including the specification of 'agent' details. | |
| am. by Amdt, 2011 (No. 6) | Amends threshold transaction requirements relating to item 51 and 53 designated services. | |
| am. Amdt, 2011 (No. 8) | Minor amendments. | |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| am. Amdt, 2018 (No. 2) |
Amends to specify additional information to be included in a threshold transaction report when the transaction involves digital currency. Amends to remove references to items 51 and 53 designated services of table 1 in subsection 6(2) of the AML/CTF Act. Amends to add definitions of ‘digital currency wallet’ and ‘unique device identifiers’. |
|
| Chapter 20 | ad. Amdt, 2008 (No. 1) | Record keeping requirements relating to reliance by a reporting entity on customer identification performed by another reporting entity. |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| Chapter 21 | ad. Amdt, 2008 (No. 2) | Exemptions relating to issuing or selling a security or derivative. |
| am. Amdt, 2012 (No. 1) | Extension of exemption to foreign financial markets. | |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| am. Amdt, 2014 (No. 2) | Exemption relevant to registered managed investment schemes. | |
| Chapter 22 | ad. Amdt, 2008 (No. 3) | Exemption of transactions relating to the over-the-counter derivatives market. |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| am. Amdt, 2017 (no. 2) | Exemption broadened | |
| Chapter 23 | ad. Amdt, 2008 (No. 5) | 'Accounting' and 'law practices' specified as not carrying out a designated remittance arrangement. |
| am. Amdt, 2011 (No. 8) | Designated remittance arrangements - 'accounting' and 'law practices' specified as being 'non-financiers'. | |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| Chapter 24 | ad. Amdt, 2008 (No. 7) | Movements of Physical Currency into or out of Australia. |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| Chapter 25 | ad. Amdt, 2008 (No. 7) | Receipts of Physical Currency from outside Australia. |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| Chapter 26 | ad. Amdt, 2008 (No. 7) | Movements of Bearer Negotiable Instruments into or out of Australia. |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. |
| Chapter | Amendment instrument | Amendment description |
|---|---|---|
| Chapter 27 | ad. Amdt, 2008 (No. 7) | Registrable details - Register of Providers of Designated Remittance Services. |
| am. Amdt, 2012 (No. 4) | Specify the registrable details for the Remittance Sector Register. | |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| am. Amdt, 2014 (No. 4) | Amendments relating to definition of 'enforcement action' and 'beneficial owner'. | |
| Chapter 28 | ad. Amdt, 2009 (No.1) | Exemption from customer identification for the assignment, conveyance, sale or transfer of a business. |
| am. Amdt, 2012 (No. 1) | The amendments remove uncertainty as to whether the Chapter applies to the voluntary transfer of a business. | |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| Chapter 29 | ad. Amdt, 2009 (No.2) | Exemption from record-keeping for specified records. |
| rs. Amdt, 2013 (No. 1) | Extends exemption to CCTV footage and electronic files. | |
| Chapter 30 | ad. Amdt, 2009 (No.2) | Specifies the content of a disclosure certificate. |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| rs. Amdt, 2014 (No. 3) | Amendments relating to customer due diligence and beneficial owners. | |
| am. Amdt, 2018 (No. 1) | Amends to allow reporting entities to accept disclosure certificates that are certified by an appropriate officer of the customer using a risk-based approach. | |
| Chapter 31 | ad. Amdt, 2009 (No.2) | Exempts from the AML/CTF Act reporting entities providing traveller accommodation and currency exchange services. |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| Chapter 32 | ad. Amdt, 2009 (No.2) | Exempts from the AML/CTF Act providers of traveller accommodation that provide in-room safes and safe deposit facilities to registered guests. |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| Chapter 33 | ad. Amdt, 2009 (No.2) | Exemption from customer identification for purchases or sales of bullion below $5000. |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| Chapter 34 | ad. Amdt, 2009 (No.2) | Details of notices regarding cross-border movement reporting obligations. |
| am. Amdt, 2011 (No. 8) | Consequential amendments as a result of legislative amendments. | |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| Chapter 35 | ad. Amdt, 2009 (No.3) | Exemption from customer identification for signatories of correspondent banking accounts. |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| Chapter 36 | ad. Amdt, 2009 (No.4) | Exemption in regard to corporate treasury activities. |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| am. Amdt, 2018 (No. 1) | Extends the circumstances in which the exemption applies to include partnerships where justified by ML/TF risk. It excludes ‘limited partnerships’. | |
| Chapter 37 | ad. Amdt, 2009 (No.4) | Exemption from threshold transaction reporting for a designated service provided to one ADI by another ADI. |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| am. Amdt, 2018 (No. 2) | Amends to remove references to items 51 and 53 designated services of table 1 in subsection 6(2) of the AML/CTF Act | |
| Chapter 38 | ad. Amdt, 2009 (No.4) | Exemption from customer identification for the sale of shares for charitable purposes. |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| rs. Amdt, 2013 (No. 2) | Consequential legislative amendments. | |
| am. Amdt, 2016 (No. 1) | Amendment to increase the relevant threshold from $500 to $10,000 for the value of the securities. | |
| Chapter 39 | ad. Amdt, 2009 (No.4) | Exemption from customer identification for premium funding loans for a general insurance policy. |
| am. Amdt, 2011 (No.4) | Extension of sunset clause repealing the chapter until 30 June 2012. | |
| am. Amdt, 2012 (No.3) | Repeal of sunset clause. | |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| Chapter 40 | ad. Amdt, 2009 (No.5) | Exempts legal practitioners providing custodial, depository safe deposit box services in the course of legal practice. |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| Chapter 41 | ad. Amdt, 2009 (No.5) | Exempts trustees of a superannuation fund from carrying out customer identification where the value of the interest is $1000 or less. |
| rs. Amdt, 2012 (No. 5) | Exemption which relates to the Departing Australia Superannuation Payment where the value of the interest is $5000 or less. | |
| Chapter 42 | ad. Amdt, 2009 (No.5) | Exempts from the AML/CTF Act commodity warehousing of grain. |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| Chapter 43 | ad. Amdt, 2009 (No.5) | Exemption from the AML/CTF Act for Friendly Society closed funds. |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| Chapter 44 | ad. Amdt, 2010 (No.1) | Specifies that a person's Name and registrable details may be removed from the Register of Providers of Designated Remittance Services. |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| am. Amdt, 2018 (No. 2) | Deletes the Chapter. | |
| Chapter 45 | ad. Amdt, 2010 (No.1) | Partial exemption for debt collectors. |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| am. Amdt, 2018 (No. 2) | Amends to remove references to items 51 and 53 designated services of table 1 in subsection 6(2) of the AML/CTF Act. | |
| Chapter 46 | ad. Amdt, 2010 (No.2) | Specifies the circumstances when customer identification can take place after the designated service is provided. |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| Chapter 47 | ad. Amdt, 2010 (No.2) | Exemption relating to risk-only life policy interests in a superannuation fund. |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| Chapter 48 | ad. Amdt, 2010 (No.2) | Exempts reporting entities that provide salary packaging administrative services. |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| Chapter 49 | ad. Amdt, 2011 (No.1) | Exempts reporting entities providing designated services under an International Uniform Give-Up Agreement from customer identification. |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| Chapter 50 | ad. Amdt, 2011 (No.1) | Exemption from customer identification relevant to pre-commencement customers in a DBG. |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| Chapter 51 | ad. Amdt, 2011 (No.2) | Allows specified reporting entities to submit IFTIs to AUSTRAC using the IFTI-E approved form, rather than the IFTI-DRA approved form. |
| am. Amdt, 2011 (No. 8) | Clarifies corporate details of specified reporting entities. | |
| rs. Amdt, 2012 (No.1) | Resolves an IFTI reporting anomaly between PayPal Australia and associated PayPal entities outside Australia. | |
| am. Amdt, 2012 (No. 4) | Clarifies corporate details of specified reporting entities. | |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| rs. Amdt. 2017 (No. 3) | Resolves an IFTI reporting anomaly between PayPal Australia and PayPal Hong Kong Limited. | |
| Chapter 52 | ad. Amdt, 2011 (No.3) | Exemption for reporting entities with licence to operate fifteen gaming machines or less. |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| Chapter 53 | ad. Amdt, 2011 (No.6) | Exemption from threshold transaction reporting for Australian Government Entities and ADIs. |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| am. Amdt, 2018 (No. 2) | Deletes the Chapter. | |
| Chapter 54 | ad. Amdt, 2011 (No.7) | Specifies reporting obligations of registered remittance network providers on behalf of their registered remittance affiliates. |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| Chapter 55 | ad. Amdt, 2011 (No.7) | Allows the AUSTRAC CEO to correct the Remittance Sector Register. |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| Chapter 56 | ad. Amdt, 2011 (No.7) | Specifies the information which must be included in an application for registration on the Remittance Sector Register. |
| am. Amdt, 2012 (No. 2) | Specifies that applications for registration must include the contact details of the person making the application. | |
| am. Amdt, 2012 (No. 4) | Amendments make the requirements for trusts consistent with other entities. | |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| am. Amdt, 2013 (No. 2) | Amendments allowing the use of National Police History Checks. | |
| am. Amdt, 2014 (No. 4) | Amendments including those relating to key personnel and definitions of 'enforcement action' and 'beneficial owner'. | |
| am. Amdt, 2016 (No. 1) | Amendment to definitions. | |
| Chapter 57 | ad. Amdt, 2011 (No.7) | Specifies matters which the AUSTRAC CEO must have regard in deciding whether to register an applicant. |
| am. Amdt, 2012 (No. 4) | Amendments to incorporate matters set out in the AML/CTF Act, to which the AUSTRAC CEO must have regard. | |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| am. Amdt, 2018 (No. 2) | Amends to add ‘other serious crime’ to the list of risk factors that the AUSTRAC CEO must have regard to. | |
| Chapter 58 | ad. Amdt, 2011 (No.7) | Specifies the matters that AUSTRAC CEO must consider when deciding whether or not to cancel the registration of a reporting entity on the Remittance Sector Register. |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| am. Amdt, 2014 (No. 4) | Amendments including matters the AUSTRAC CEO has regard to and definitions of 'enforcement action' and 'beneficial owner'. | |
| Chapter 59 | ad. Amdt, 2011 (No.7) | Specifies the grounds on which the AUSTRAC CEO may suspend a person for a period of time. |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| am. Amdt, 2014 (No. 4) | Amendments including grounds for suspension and definitions of 'enforcement action' and 'beneficial owner'. | |
| rs. Amdt, 2017 (No. 1) | Amendments including for suspension without prior notice and aligning the grounds for suspension with the grounds for cancelling registrations. | |
| Chapter 60 | ad. Amdt, 2011 (No.7) | Specifies matters that must be notified to the AUSTRAC CEO by a person registered on the Remittance Sector Register if there is a change in circumstances. |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| am. Amdt, 2014 (No. 4) | Amendments including those related to key personnel and definitions including 'enforcement action' and 'beneficial owner'. | |
| am. Amdt, 2016 (No. 1) | Amendment to definitions. | |
| Chapter 61 | ad. Amdt, 2011 (No.7) | Reporting obligations of remittance affiliates which are not on the Remittance Sector Register but are registered on the Register of Providers of Designated Remittance Services. |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| Chapter 62 | ad. Amdt, 2011 (No.7) | Allows the AUSTRAC CEO to correct an entry on the Reporting Entities Roll. |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| Chapter 63 | ad. Amdt, 2011 (No.7) | Specifies the information which must be provided or obtained and retained by a person applying for enrolment on the Reporting Entities Roll. |
| am. Amdt, 2012 (No. 2) | Amendments to information required for the Reporting Entities Roll relevant to the cost recovery levy. | |
| am. Amdt, 2012 (No. 4) | Amendments relevant to the details of partnerships and trusts. | |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| am. Amdt, 2014 (No. 4) | Amendments relating to definition of 'beneficial owner'. | |
| am. Amdt, 2015 (No. 1) | Consequential amendments to enrolment information as part of the introduction of the AUSTRAC Industry Contribution. | |
| Chapter 64 | ad. Amdt, 2011 (No.7) | Specifies that a person must report to the AUSTRAC CEO any change in the person's enrolment details. |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| Chapter 65 | ad. Amdt, 2011 (No.7) | Specifies the information which must be included in a request to remove a person from the Reporting Entities Roll. |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| am. Amdt, 2014 (No. 4) | Amendments relating to definition of 'beneficial owner'. | |
| am. Amdt, 2015 (No. 1) | Consequential amendments to information required to remove details from the Roll, as part of the introduction of the AUSTRAC Industry Contribution. | |
| Chapter 66 | ad. Amdt, 2011 (No.8) | Exemption from conducting customer identification on the compulsory transfer of a business. |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| Chapter 67 | ad. Amdt, 2012 (No.1) | Exemption from customer identification in regard to 'warrants'. |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| Chapter 68 | ad. Amdt, 2012 (No. 4) | Requires reporting entities to keep customer identification records in an appropriate form. |
| am. Amdt, 2013 (No. 1) | Minor amendments to privacy notices. | |
| Chapter 69 | ad. Amdt, 2014 (No. 1) | Exemption from registration on Remittance Sector Register for casino licence holders. |
| Chapter 70 | ad. Amdt, 2014 (No. 4) | Renewal of registration requirements. |
| am. Amdt, 2018 (No. 2) | Amends to add ‘other serious crime’ to the list of risk factors that the AUSTRAC CEO must have regard to. | |
| Chapter 71 | ad. Amdt, 2014 (No. 6) | Credit card reform - specifying persons under Items 1, 2 and 3 of Table 1 in subsection 6(2) of the AML/CTF Act. |
| Chapter 72 | ad. Amdt, 2016 (No. 2) | Account-based money transfer systems for MoneyGram and Western Union. |
| Chapter 73 | ad. Amdt, 2016 (No. 2) | Exemption for Registered Plan Management Providers under the National Disability Insurance Scheme. |
| Chapter 74 | ad. Amdt, 2017 (No. 1) | Exemption for licensed trustee companies. |
| am. Amdt, 2018 (No. 2) | Amends to remove references to items 51 and 53 designated services of table 1 in subsection 6(2) of the AML/CTF Act. | |
| Chapter 75 | ad. Amdt, 2017 (No. 4) | Exemption for law enforcement operations. |
| Chapter 76 | am. Amdt, 2018 (No. 2) | Digital Currency Exchange Register. |
| All Chapters | am. Amdt, 2014 (No. 3) | Minor amendments to privacy notices. |
Schedule amendments
| Schedules to the AML/CTF Rules | Amendment instrument | Amendment description |
|---|---|---|
| Schedules 1, 2, 3 |
am. Amdt, 2007 (No. 5) (as am. by Amdt, 2008 (No. 1)) | Minor amendments. |
Note: A Table of Amendments is also available in the AML/CTF Rules Compilation, Anti-Money Laundering and Counter-Terrorism Financing Rules 2007 (No. 1), but without the commentary contained in the above Table.
Glossary of amendment guide terms
| Term | Description |
|---|---|
| ad. | Added or inserted |
| am. | Amended |
| rep. | Repealed |
| rs. | Repealed and substituted |
| ADI | Authorised deposit-taking institution |
| Batched instruction | A batched instruction is one that incorporates multiple transaction instructions 'batched' into a single file accepted by an authorised deposit-taking institution (ADI) from a payer and passed on or dispatched in a single file by that ADI. |
| Correspondent Banking | The provision of banking services by one financial institution to another financial institution. |
| Customer Identification | The AML/CTF Act requires reporting entities to identify customers by the use of the applicable customer identification procedure. This procedure is specified in Chapter 4. |
| DBG | Group formed by reporting entities. |
| Designated service | Designated services in full are set out in tables 1, 2, 3 and 4 of section 6 of the AML/CTF Act. |
| IFTI | International funds transfer instructions |
| IFTI-DRA | International funds transfer instructions relating to a Designated Remittance Arrangement, refer to Chapter 17 |
| IFTI-E | International funds transfer instructions relating to an Electronic Funds Transfer Instruction, refer to Chapter 16 |