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

Schedule 3   Regulating additional high-risk services

Part 4   Transitional provisions

12   Application provision - timing of enrolment

(1) This item applies to a person if:

(a) the person provides, or commences to provide, a designated service covered by item 2 of table 2, or an item of table 5 or 6, in section 6 of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 at any time before 1 July 2026; and

(b) the person does not, as at that time, provide, or commence to provide, any other designated services.

(2) Subsection 51B(1) of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 applies to the person, in relation to the designated service referred to in paragraph (1)(a) of this item, as if the reference in that subsection to 28 days after the day on which the person commences to provide the designated service were a reference to 29 July 2026.