35Subsection 184(4) (before paragraph (fl) of the definition of designated infringement notice provision)

35  Subsection 184(4) (before paragraph (fl) of the definition of designated infringement notice provision)

 (fk) subsection 111(2) (which deals with retaining records relating to customer due diligence);

36  Paragraph 235(1)(c)

 (c) in complying with subsection 28(1) or 30(1); or

Banking Act 1959

37  Subsection 16AH(7) (heading)

Omit “section 32”, substitute “section 28”.

38  Subsection 16AH(7)

Omit “Section 32”, substitute “Section 28”.

39  Subsection 90B(4) (table item 6, column headed “Person or organisation”, paragraph (b))

Omit “carries out applicable customer identification procedures under”, substitute “collects and verifies information relating to a customer in accordance with section 28 of”.

40  Subsection 90B(4) (table item 7, column headed “Person or organisation”)

Omit “carrying out of applicable customer identification procedures under”, substitute “collection or verification of information relating to a customer in accordance with section 28 of”.

41  Subsection 90B(10) (definition of applicable customer identification procedure)

42  Subsection 91A(2D)

Omit “carry out an applicable customer identification procedure under”, substitute “collect and verify information relating to a customer in accordance with section 28 of”.

43  Subsection 91A(2E)

Omit “carrying out of an applicable customer identification procedure under”, substitute “collection or verification of information relating to a customer in accordance with section 28 of”.

44  Subsection 91A(3) (definition of applicable customer identification procedure)

Schedule 3—Regulating additional high‑risk services

Part 1—Real estate

land includes:

 (a) land in Australia or a foreign country; and

 (b) land the subject of a subdivision arrangement.

land use entitlement means an entitlement to occupy land conferred through an ownership of shares in a company or units in a unit trust scheme, or a combination of a shareholding or ownership of units together with a lease or licence.

real estate means:

 (a) any of the following interests in land in Australia:

 (i) a fee simple interest;

 (ii) a leasehold interest;

 (iii) a land use entitlement; or

 (b) an interest, estate, right or entitlement in land in a foreign country that:

 (i) is equivalent to an interest mentioned in paragraph (a); or

 (ii) otherwise confers ownership rights on the holder of that interest, estate; right or entitlement; or