CTHIn ForceAct
Anti-Money Laundering and Counter-Terrorism Financing Act 2006
39General exemptions
Start here
Get a plain-English read of 39
Turn the raw legal text into a practical explanation grounded in Anti-Money Laundering and Counter-Terrorism Financing Act 2006.
#### 39 General exemptions
(1) This Part 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 Part does not apply to a designated service that is of a kind specified in the AML/CTF Rules.
(3) This Part 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 Part does not apply to a designated service that is provided in circumstances specified in the AML/CTF Rules.
(6) This Part (other than Divisions 3 and 4) does not apply to a designated service covered by item 40, 42 or 44 of table 1 in section 6.
(7) This Part does not apply to a designated service covered by item 54 of table 1 in section 6 if the service relates to arrangements for a person to receive a designated service covered by item 40, 42 or 44 of that table.
> Note 1: Item 40 of table 1 in section 6 deals with accepting payment of the purchase price for a new pension or annuity.
> Note 2: Item 42 of table 1 in section 6 deals with accepting a superannuation contribution, roll‑over or transfer.
> Note 3: Item 44 of table 1 in section 6 deals with accepting an RSA contribution, roll‑over or transfer.
> Note 4: 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.