44Exemptions

#### 44 Exemptions (1) This Division 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 Division does not apply to a designated service that is of a kind specified in the AML/CTF Rules. (3) This Division 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 Division does not apply to a designated service that is provided in circumstances specified in the AML/CTF Rules. (5) This Division does not apply to a designated service that is provided by a reporting entity at or through a permanent establishment of the entity in a foreign country, other than a service covered by item 32A of table 1 in section 6. (6) This Division does not apply to a designated service covered by item 54 of table 1 in section 6. > Note: 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. (7) Section 43 does not apply to a designated service that is: (a) provided by a reporting entity that is an ADI; and (b) provided to a customer that is an ADI. (8) Section 43 does not apply to a designated service that is: (a) provided by a reporting entity that is the holder of an exchange settlement account; and (b) provided to a customer that is the holder of an exchange settlement account; and (c) provided using the exchange settlement accounts held by the reporting entity and the customer.