39EExemptions—specified conditions

#### 39E Exemptions—specified conditions Section 28 (undertaking initial customer due diligence) does not apply to a reporting entity in respect of the provision of a designated service to a customer if: (a) the designated service is specified in column 1 of an item of the following table; and (b) the conditions (if any) specified in column 2 of the item are satisfied; and (c) the reporting entity does not have an enhanced due diligence obligation in relation to the customer under section 32. ```html <table cellspacing="0" cellpadding="0" style="margin-left:0.25pt; border-collapse:collapse"><thead><tr><td colspan="3" style="width:343.5pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>Exemptions—specified conditions</span></p></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span></span></p><p class="TableHeading"><span>Item</span></p></td><td style="width:109.2pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>Column 1</span></p><p class="TableHeading"><span>Designated service</span></p></td><td style="width:187.8pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>Column 2</span></p><p class="TableHeading"><span>Conditions</span></p></td></tr></thead><tbody><tr><td style="width:24.9pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>1</span></p></td><td style="width:109.2pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>item</span><span> </span><span>2 or 3 of table 1 in section</span><span> </span><span>6</span></p></td><td style="width:187.8pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tablea"><span>(a) the reporting entity providing the designated service is a financial institution; and</span></p><p class="Tablea"><span>(b) the designated service:</span></p><p class="Tablei"><span>(i) relates to a correspondent banking relationship; and</span></p><p class="Tablei"><span>(ii) occurs in circumstances where there is a geographical link in accordance with section</span><span> </span><span>100; and</span></p><p class="Tablei"><span>(iii) relates to signatories to the account who are employees of the other financial institution</span></p></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>2</span></p></td><td style="width:109.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>paragraph</span><span> </span><span>(a) of item</span><span> </span><span>17 of table 1 in section</span><span> </span><span>6</span></p></td><td style="width:187.8pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tablea"><span>(a) the reporting entity issues a cheque that the reporting entity draws on itself; and</span></p><p class="Tablea"><span>(b) the cheque is drawn from an account held at the issuing ADI, building society, credit union or representative office of a foreign bank; and</span></p><p class="Tablea"><span>(c) the cheque contains details of the payee; and</span></p><p class="Tablea"><span>(d) the face value of the cheque is less than $5,000</span></p></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>3</span></p></td><td style="width:109.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>paragraph</span><span> </span><span>(a) of item</span><span> </span><span>17 of table 1 in section</span><span> </span><span>6</span></p></td><td style="width:187.8pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tablea"><span>(a) the reporting entity issues a cheque that the reporting entity draws on itself; and</span></p><p class="Tablea"><span>(b) the cheque is funded by physical currency; and</span></p><p class="Tablea"><span>(c) the face value of the cheque is less than $1,000</span></p></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>4</span></p></td><td style="width:109.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>item</span><span> </span><span>25 or 26 of table 1 in section</span><span> </span><span>6</span></p></td><td style="width:187.8pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>the sum of the face value of the traveller’s cheque or traveller’s cheques issued, cashed or redeemed in any one transaction is less than $1,000</span></p></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>5</span></p></td><td style="width:109.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>item</span><span> </span><span>25 or 26 of table 1 in section</span><span> </span><span>6</span></p></td><td style="width:187.8pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tablea"><span>(a) the issuing, cashing or redeeming of the traveller’s cheque or traveller’s cheques is one of 2 or more transactions that the reporting entity reasonably believes to be linked; and</span></p><p class="Tablea"><span>(b) the sum of the face value of the traveller’s cheque or traveller’s cheques issued, cashed or redeemed as part of the linked transactions is less than $1,000</span></p></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>6</span></p></td><td style="width:109.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>item</span><span> </span><span>33 of table 1 in section</span><span> </span><span>6</span></p></td><td style="width:187.8pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tablea"><span>(a) the designated service is a disposal; and</span></p><p class="Tablea"><span>(b) the disposal occurs on a prescribed financial market (within the meaning of the </span><span style="font-style:italic">Corporations Act 2001</span><span>); and</span></p><p class="Tablea"><span>(c) the agent gives the proceeds of the disposal directly to an ancillary fund (within the meaning of the </span><span style="font-style:italic">Income Tax Assessment Act 1997</span><span>) that provides an undertaking to:</span></p><p class="Tablei"><span>(i) distribute, by cheque or electronic funds transfer, the proceeds of the disposal of the security to a deductible gift recipient; and</span></p><p class="Tablei"><span>(ii) list on its public website within 14 business days, for a period of 12 months, the details of the distribution of the proceeds of the disposal of the security to the deductible gift recipient; and</span></p><p class="Tablea"><span>(d) the value of the security does not exceed $10,000</span></p></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>7</span></p></td><td style="width:109.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>paragraph</span><span> </span><span>(a) of item</span><span> </span><span>43 of table 1 in section</span><span> </span><span>6</span></p></td><td style="width:187.8pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tablea"><span>(a) no additional contributions from the customer are accepted in relation to the interest; and</span></p><p class="Tablea"><span>(b) the whole of the interest of the customer in the superannuation fund is cashed out; and</span></p><p class="Tablea"><span>(c) the account in which the interest of the customer in the superannuation fund was held is closed as soon as practicable after the cashing out of that interest; and</span></p><p class="Tablea"><span>(d) the application for the interest in the superannuation fund to be cashed out was not made online using the Departing Australia Superannuation Payment internet</span><span>‑</span><span>based application system administered by the Australian Taxation Office; and</span></p><p class="Tablea"><span>(e) on the date the customer applies for the interest in the superannuation fund to be cashed out, the value of the interest does not exceed $1,000</span></p></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>8</span></p></td><td style="width:109.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>item</span><span> </span><span>43 or 45 of table 1 in section</span><span> </span><span>6</span></p></td><td style="width:187.8pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tablea"><span>(a) the application of the member relates to the cashing out of the interest held by the customer in:</span></p><p class="Tablei"><span>(i) a superannuation fund; or</span></p><p class="Tablei"><span>(ii) an approved deposit fund; or</span></p><p class="Tablei"><span>(iii) </span><span style="width:0pt; text-indent:0pt; display:inline-block"></span><span>a RSA; and</span></p><p class="Tablea"><span>(b) the application was made online using the Departing Australia Superannuation Payment internet</span><span>‑</span><span>based application system administered by the Australian Taxation Office; and</span></p><p class="Tablea"><span>(c) the whole of the interest of the member is cashed out; and</span></p><p class="Tablea"><span>(d) no additional contributions from the customer are accepted in relation to the customer’s interest; and</span></p><p class="Tablea"><span>(e) the account in which the interest of the customer was held is closed as soon as practicable after the cashing out of that interest; and</span></p><p class="Tablea"><span>(f) the value of the interest in the customer’s superannuation fund, approved deposit fund or RSA does not exceed $5,000 on the date of the application</span></p></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>9</span></p></td><td style="width:109.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>item</span><span> </span><span>50 of table 1 or item</span><span> </span><span>14 of table 3 in section</span><span> </span><span>6</span></p></td><td style="width:187.8pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tablea"><span>(a) currency is moved into or out of an account; and</span></p><p class="Tablea"><span>(b) the provider of the account is an ADI, a building society, a bank, a credit union or a representative office of a foreign bank; and</span></p><p class="Tablea"><span>(c) the value of the currency is less than $1,000</span></p></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>10</span></p></td><td style="width:109.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>item</span><span> </span><span>50 of table 1 or item</span><span> </span><span>14 of table 3 in section</span><span> </span><span>6</span></p></td><td style="width:187.8pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tablea"><span>(a) currency is not moved into or out of an account where the account provider is an ADI, a building society, a bank, a credit union or a representative office of a foreign bank; and</span></p><p class="Tablea"><span>(b) either or both of the following apply:</span></p><p class="Tablei"><span>(i) the proceeds are in the form of physical currency;</span></p><p class="Tablei"><span>(ii) the funding source is in the form of physical currency; and</span></p><p class="Tablea"><span>(c) the value of the currency is less than $1,000</span></p></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>11</span></p></td><td style="width:109.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>item</span><span> </span><span>1 of table 2 in section</span><span> </span><span>6</span></p></td><td style="width:187.8pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>the retail value of the bullion is less than $5,000</span></p></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>12</span></p></td><td style="width:109.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>item</span><span> </span><span>1, 2, 4, 6, 7, 8 or 9 of table 3 in section</span><span> </span><span>6</span></p></td><td style="width:187.8pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tablea"><span>(a) the reporting entity is a casino; and</span></p><p class="Tablea"><span>(b) the designated service does not involve online gambling services; and</span></p><p class="Tablea"><span>(c) the designated service involves an amount of less than $5,000</span></p></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>13</span></p></td><td style="width:109.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>item</span><span> </span><span>1, 2, 4, 6, 7, 8 or 9 of table 3 in section</span><span> </span><span>6</span></p></td><td style="width:187.8pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tablea"><span>(a) the reporting entity is a casino; and</span></p><p class="Tablea"><span>(b) the designated service does not involve online gambling services; and</span></p><p class="Tablea"><span>(c) the designated service involves the customer giving or receiving only gaming chips or tokens; and</span></p><p class="Tablea"><span>(d) the designated service involves an amount of $5,000 or more</span></p></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>14</span></p></td><td style="width:109.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>item</span><span> </span><span>1 or 2 of table 3 in section</span><span> </span><span>6</span></p></td><td style="width:187.8pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>the reporting entity providing the designated service is an on</span><span>‑</span><span>course bookmaker or a totalisator agency board</span></p></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>15</span></p></td><td style="width:109.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>item</span><span> </span><span>4, 7 or 8 of table 3 in section</span><span> </span><span>6</span></p></td><td style="width:187.8pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tablea"><span>(a) the reporting entity is an on</span><span>‑</span><span>course bookmaker or totalisator agency board; and</span></p><p class="Tablea"><span>(b) the designated service involves an amount of less than $5,000</span></p></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>16</span></p></td><td style="width:109.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>item</span><span> </span><span>5 or 6 of table 3 in section</span><span> </span><span>6</span></p></td><td style="width:187.8pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tablea"><span>(a) the designated service is provided by the reporting entity by way of a gaming machine; and</span></p><p class="Tablea"><span>(b) the designated service is not provided at a casino</span></p></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>17</span></p></td><td style="width:109.2pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>item</span><span> </span><span>8, 9 or 10 of table 3 in section</span><span> </span><span>6</span></p></td><td style="width:187.8pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tablea"><span>(a) the designated service is provided by the reporting entity by way of a gaming machine; and</span></p><p class="Tablea"><span>(b) the designated service is not provided at a casino; and</span></p><p class="Tablea"><span>(c) the designated service involves an amount of less than $5,000</span></p></td></tr></tbody></table> ```