Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2024 (110 of 2024)
Schedule 3 Regulating additional high-risk services
Part 1 Real estate
Anti-Money Laundering and Counter-Terrorism Financing Act 2006
2 After subsection 6(5)
Insert:
Table 5 - Real estate services
(5A) Table 5 is as follows:
|
Table 5 - Real estate services |
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|---|---|---|
|
Item |
Provision of a designated service |
Customer of the designated service |
|
1 |
brokering the sale, purchase or transfer of real estate on behalf of a buyer, seller, transferee or transferor in the course of carrying on a business |
both: (a) the seller or transferor; and (b) the buyer or transferee |
|
2 |
selling or transferring real estate in the course of carrying on a business selling real estate, where the sale or transfer is not brokered by an independent real estate agent |
the buyer or transferee |