Commonwealth Consolidated Acts

ANTI-MONEY LAUNDERING AND COUNTER-TERRORISM FINANCING ACT 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.