Anti-Money Laundering and Counter-Terrorism Financing (Transitional Provisions and Consequential Amendments) Act 2006 (170 of 2006)
Schedule 1 Amendments
Part 1 Amendments
Financial Transaction Reports Act 1988
78 After subsection 15A(3)
Insert:
(3A) Subsection (1) does not impose any obligations on a solicitor, a solicitor corporation, or a partnership of solicitors, in relation to a transaction if:
(a) the solicitor, corporation or partnership is a reporting entity; and
(b) the transaction occurred after the commencement of Division 1 of Part 3 of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006; and
(c) the transaction is a designated service transaction.
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