26ASection 5 (after paragraph (b) of the definition of qualified accountant)

26A  Section 5 (after paragraph (b) of the definition of qualified accountant)

 (ba) the Institute of Public Accountants; or

27  Section 5 (definition of security)

security: see subsections 7A(1) and (2).

28  Section 5 (definition of service)

29  After section 7

7A  Securities and derivatives

 (1) Security has the same meaning as in Chapter 7 of the Corporations Act 2001.

 (2) Despite subsection (1), the AML/CTF Rules may provide:

 (a) that a specified thing is a security; or

 (b) that a specified thing is not a security.

 (3) Derivative has the same meaning as in Chapter 7 of the Corporations Act 2001.

 (4) Despite subsection (3), the AML/CTF Rules may provide:

 (a) that a specified thing is a derivative; or

 (b) that a specified thing is not a derivative.

Part 4—Contingent amendment

30  Subsection 123(8B)

Omit “and (2) do not apply to the disclosure of information by a reporting entity”, substitute “, (2) and (2A) do not apply to the disclosure of information by a person”.