Anti-Money Laundering and Counter-Terrorism Financing (Class Exemptions and Other Matters) Rules 2007
2.1Circumstances covered by subsection 6(5C) of the AML/CTF Act
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2.1 Circumstances covered by subsection 6(5C) of the AML/CTF Act
For the purposes of paragraph 6(5C)(f) of the AML/CTF Act, a specified circumstance is that any of the following things mentioned in item 3 of table 6 in section 6 of the Act are being received, held, controlled or managed as part of the provision by a real estate agent of the service of managing rental income and expenses through a trust account:
(a) money;
(b) accounts;
(c) other property.
Note: Subsection 6(5C) of the AML/CTF Act sets out circumstances in which a service is not covered by item 3 of table 6 in section 6.
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