6‑4 Customer is government body

6‑4 Customer is government body

(1) This section applies in relation to complying with the obligation imposed on a reporting entity under subsection 28(1) of the Act in relation to a customer, if: (a) the customer is a government body; and (b) a designated service is proposed to be provided by the reporting entity to the customer at or through a permanent establishment of the reporting entity in Australia. (2) For the purposes of paragraph 28(6)(a) of the Act, in establishing on reasonable grounds the matter mentioned in paragraph 28(2)(a) of the Act (the identity of the customer), the reporting entity must collect at least the following KYC information: (a) the customer’s full name; (b) any other names the customer is commonly known by; (c) the name of the country or part of a country under which the customer is established; (d) a unique identifier for the customer (if any has been given); (e) the address of the principal place of business or operations of the customer; (f) evidence of the customer’s existence; (g) the full name, of the individual, or each member of the group of individuals, with primary responsibility for the governance and executive decisions of the customer. (3) For the purposes of paragraph 28(6)(a) of the Act, in establishing on reasonable grounds the matter mentioned in paragraph 28(2)(f) of the Act (the nature and purpose of the business relationship or occasional transaction), the reporting entity must collect at least KYC information about the nature of the customer’s business or operations.