For a full description of the 'Designated service' refer to section 6 of the AML/CTF Act.
Part 4.14 of Chapter 4 of the AML/CTF Rules (relating to an exemption from the identification of beneficial owners and politically exposed persons) is relevant to the following chapters of the Rules and the AML/CTF Act:
- All designated services: Chapters 28 and 50
- Table 1: Chapters 14, 35, 38, 39, 41, 45, 49, 66 and 67 and subsection 39(6) of the AML/CTF Act
- Table 2: Chapter 33
- Table 3: Chapter 14 and 52
Contents
- All designated services
- AML/CTF Act - Table 1: Financial services
- AML/CTF Act - Table 2: Bullion
- AML/CTF Act - Table 3: Gambling services
AML/CTF Act - All designated services
| Designated service | Chapter of the AML/CTF Rules | Description of chapter |
|---|---|---|
|
All designated services |
Chapter 28 |
Customer identification procedures under business restructures (explanatory statement) |
|
Chapter 29 |
Records which are exempt from record-keeping (original explanatory statement and amendment explanatory statement) |
|
|
Chapter 50 |
Pre-commencement customers in designated business groups (explanatory statement) |
AML/CTF Act - Table 1: Financial services
| Designated service | Chapter of the AML/CTF Rules | Description of chapter |
|---|---|---|
|
All services listed in Table 1 in section 6 of the AML/CTF Act (financial services)
|
Chapter 36 |
Designated services provided within corporate structures (explanatory statement) |
|
Chapter 66 |
Customer identification under the Financial Sector (Business Transfer and Group Restructure) Act 1999 (explanatory statement) |
|
|
Items 2 and 3: Opening accounts/adding signatory |
Chapter 35 |
Correspondent banking relationships (explanatory statement) |
|
Items 6 and 7: Making a loan and transactions |
Chapter 39 |
Premium funding loans for general insurance policies (explanatory statement) |
|
Chapter 42 |
Commodity warehousing of grain (explanatory statement) |
|
|
Chapter 45 |
Debt collectors (explanatory statement) |
|
|
Chapter 48 |
Salary packaging administration services (explanatory statement) |
|
|
Item 8: Factoring a receivable |
Chapter 45 |
Debt collectors (explanatory statement) |
|
Item 17: Provision of bill of exchange, promissory note or letter or credit by ADI |
Chapter 14 |
Thresholds for customer identification procedures (original explanatory statement and the amendment explanatory statement) |
|
Item 25: Issuing a travellers' cheque Item 26: Cashing or redeeming a travellers' cheque |
Chapter 14 |
Thresholds for customer identification procedures (original explanatory statement and the amendment explanatory statement) |
|
Item 29 and 30: Electronic funds transfer instructions |
Chapter 12 |
Use of a credit card (explanatory statement) |
|
Items 31, 32 and 32A: Designated remittance arrangements and operating a network |
Chapter 11 |
Compliance reporting (2012 explanatory statement, 2013 explanatory statement, 2014 explanatory statement, 2015 explanatory statement and 2016 explanatory statement) |
|
Chapter 23 |
Exemption for lawyers and accountants (explanatory statement) |
|
| Chapter 69 | Remittance sector registration exemption for casino licence holders (explanatory statement) | |
|
Items 31 and 32: Designated remittance arrangements |
Chapter 11 |
Compliance reporting (explanatory statement) |
|
Chapter 45 |
Debt collectors (explanatory statement) |
|
|
Chapter 48 |
Salary packaging administration services (explanatory statement) |
|
|
Chapter 73 |
Registered Plan Management Providers under the NDIS (explanatory statement) |
|
|
Item 33: Acquiring or disposing of a security, derivative or foreign exchange contract on behalf of another Item 35: Issuing or selling a security or derivative |
Chapter 21 |
Issuing or selling a security or derivative (explanatory statement) Issue of interests in a registered managed investment scheme (explanatory statement) |
|
Chapter 22 |
Over-the-counter derivatives market relating to electricity, gas and renewable energy certificates (explanatory statement) Exemption broadened (explanatory statement) |
|
|
Item 33: Acquiring or disposing of a security, derivative or foreign exchange contract on behalf of another |
Chapter 38 |
Sale of shares for charitable purposes (original explanatory statement the consequential amendment explanatory statement and the threshold amendment explanatory statement) |
|
Chapter 46 |
Customer identification after commencement of a designated service (explanatory statement) |
|
|
Chapter 49 |
International Uniform Give-Up Agreements (explanatory statement) |
|
|
Item 33: Acquiring or disposing of a security, derivative or foreign exchange contract on behalf of another Item 34: Acquiring or disposing of a bill of exchange, promissory note or a letter of credit on behalf of another Item 46: Custodial or depository service Item 51: Collecting or holding physical currency Item 53: Delivering physical currency |
Chapter 74 |
Licensed trustee companies (explanatory statement) |
|
Item 35: Issuing or selling a security or derivative |
Chapter 67 |
Warrants (explanatory statement) |
|
Item 37: Issuing life or sinking fund policy Item 38: Accepting a premium Item 39: Making a payment |
Chapter 43 |
Friendly society closed funds (explanatory statement) |
|
Item 42(a): Accepting a contribution roll-over or transfer in superannuation fund Item 43(a): Cashing interest in superannuation fund |
Chapter 41 |
Cashing out of low balance superannuation accounts (explanatory statement) |
|
Chapter 47 |
Risk-only life policy interests in a superannuation fund (explanatory statement) |
|
|
Item 43: Cashing interest in superannuation or Approved Deposit Fund Item 45: Cashing interest in Retirement Savings Account |
Chapter 41 |
Departing Australia Superannuation Payments (explanatory statement) |
|
Item 46: Custodial or depository service |
Chapter 67 |
Warrants (explanatory statement) |
|
Item 47: Safe deposit box |
Chapter 32 |
Safe deposit boxes or similar facilities (explanatory statement) |
| Item 48: Guarantee a loan Item 49: Make payment as guarantor |
Chapter 36 |
Designated services provided within corporate structures (explanatory statement) |
|
Chapter 48 |
Salary packaging administration services (explanatory statement) |
|
|
Item 48: Guarantee a loan |
Chapter 48 |
Salary packaging administration services (explanatory statement) |
|
Item 50: Exchanging currency |
Chapter 14 |
Thresholds for customer identification procedures (original explanatory statement and the amendment explanatory statement) |
|
Chapter 31 |
Traveller accommodation, foreign currency exchange transactions (explanatory statement) |
AML/CTF Act - Table 2: Bullion
| Designated service | Chapter of the AML/CTF Rules | Description of chapter |
|---|---|---|
|
All services listed in Table 2 in section 6 of the AML/CTF Act (bullion) |
Chapter 33 |
Sales of bullion less than $5000 (explanatory statement) |
|
Chapter 74 |
Licensed trustee companies (explanatory statement) |
AML/CTF Act - Table 3: Gambling services
| Designated service | Chapter of the AML/CTF Rules | Description of chapter |
|---|---|---|
|
Items 1, 2 and 4: Receiving or accepting a bet, placing or making a bet on behalf of a person and paying out winnings in respect of a bet Items 6 and 9: Games of chance or of mixed chance and skill Items 7 and 8: The exchange of money and gaming chips or tokens Items 5 and 10: Eligible gaming machine venues Items 11 - 13: Opening an account, allowing a person to become a signatory and allowing a transaction to be conducted (online) |
Chapter 10 |
Gambling services - casinos, on course bookmakers, Totalisator agency boards, gaming machines and online gaming services (explanatory statement) |
|
Items 6 and 9: Games of chance or of mixed chance and skill Items 5 and 10: Eligible gaming machine venues |
Chapter 52 |
Licensed gaming machine operators - 15 machines or less (explanatory statement) |
|
Item 14: Exchanging one currency for another |
Chapter 14 |
Thresholds for customer identification procedures (original explanatory statement and the amendment explanatory statement) |
A list of Exemptions (full and partial) by chapter can be found under the Exemptions category of the registered AML/CTF Rules page.