Section 8.1 - Anti-Money Laundering and Counter-Terrorism Financing (Class Exemptions and Other Matters) Rules 2007 - AML/CTF Act does not apply to incidental services provided by operator of facility | Zoe

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Anti-Money Laundering and Counter-Terrorism Financing (Class Exemptions and Other Matters) Rules 2007

8.1AML/CTF Act does not apply to incidental services provided by operator of facility

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8.1 AML/CTF Act does not apply to incidental services provided by operator of facility

For the purposes of subsection 247(3) of the AML/CTF Act, that Act does not apply to a designated service if:

(a) the service is covered by an item of table 6 in section 6 of the Act; and
(b) the service is provided by:
(i) the operator of a clearing and settlement facility, within the meaning of the Corporations Act 2001; or
(ii) a member of a business group that includes the operator of a clearing and settlement facility; and
(c) the provision of the service is incidental to the operation of the clearing and settlement facility in this jurisdiction, within the meaning of the Corporations Act 2001.