39DExemption—when a suspicious matter reporting obligation arises

39D  Exemption—when a suspicious matter reporting obligation arises

 (1) This section applies if a suspicious matter reporting obligation arises for a reporting entity in relation to a customer.

 (2) Despite any other provision of this Part or Part 1A, section 28, 30, or 26G does not apply to the reporting entity in respect of the provision of a designated service to the customer to the extent that the reporting entity reasonably believes that compliance with that section would or could reasonably be expected to alert the customer to the reporting entity’s suspicion.