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Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2024
7Section 5 (definition of designated business group)
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7 Section 5 (definition of designated business group)
governing body of a reporting entity means:
(a) if the reporting entity is an individual—the individual; or
(b) otherwise—the individual, or group of individuals, with primary responsibility for the governance and executive decisions of the reporting entity.