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Anti-Money Laundering and Counter-Terrorism Financing (Class Exemptions and Other Matters) Rules 2007
4.1Exemption
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4.1 Exemption
For the purposes of subsection 39(3) of the AML/CTF Act, section 28 of that Act does not apply to a designated service if all of the following apply:
(a) the service is covered by item 30 of table 1 in section 6 of that Act;
(b) the provision of the service is an occasional transaction;
(c) the instruction for transfer of value was for the withdrawal of virtual assets held by the reporting entity, in an account provided to the payer or otherwise on deposit for the payer (including in a virtual asset wallet);
(d) the value will be made available to the payee by depositing virtual assets into a self‑hosted virtual asset wallet controlled by the payee;
(e) the total value transferred as a result of the designated service, and any other services covered by item 30 of table 1 in section 6 of the AML/CTF Act that are linked or appear to be linked, is less than $1,000.