Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2024 (110 of 2024)

Schedule 1   AML/CTF programs and business groups

Anti-Money Laundering and Counter-Terrorism Financing Act 2006

8   Section 5

Insert:

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.