Anti-Money Laundering and Counter-Terrorism Financing Act 2006

Submitted by Richard_Li on Fri, 02/17/2023 - 00:42

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Enables

Australian Transaction Reports and Analysis Centre (AUSTRAC)

Distinguished Terms in this instrument

Term(s)	Definition	Defined in Legislation	See Section(s)
National Anti‐Corruption Commission officer	means a staff member of the NACC within the meaning of the National Anti ‐ Corruption Commission Act 2022 .	Anti-Money Laundering and Counter-Terrorism Financing Act 2006
National Anti‐Corruption Commissioner	means the Commissioner within the meaning of the National Anti ‐ Corruption Commission Act 2022 .	Anti-Money Laundering and Counter-Terrorism Financing Act 2006
non‐designatedCommonwealthagency	means an authority or agency of the Commonwealth that is not a designated agency.	Anti-Money Laundering and Counter-Terrorism Financing Act 2006	Anti-Money Laundering and Counter-Terrorism Financing Act 2006 - 5 Definitions
non‐financier	means a person who is not:	Anti-Money Laundering and Counter-Terrorism Financing Act 2006	Anti-Money Laundering and Counter-Terrorism Financing Act 2006 - 5 Definitions
non‐reportable cross‐border movement of monetary instruments	means:	Anti-Money Laundering and Counter-Terrorism Financing Act 2006	Anti-Money Laundering and Counter-Terrorism Financing Act 2006 - 5 Definitions Anti-Money Laundering and Counter-Terrorism Financing Act 2006 - 53 Reports about movements of monetary instruments into or out of Australia
non‐reportable cross‐border movement of physical currency	means:	Anti-Money Laundering and Counter-Terrorism Financing Act 2006	Anti-Money Laundering and Counter-Terrorism Financing Act 2006 - 5 Definitions Anti-Money Laundering and Counter-Terrorism Financing Act 2006 - 53 Reports about movements of monetary instruments into or out of Australia
non‐reportable transaction	: if:	Anti-Money Laundering and Counter-Terrorism Financing Act 2006	Anti-Money Laundering and Counter-Terrorism Financing Act 2006 - 5 Definitions
offence	means a federal offence, a State offence or a Territory offence.	Crimes Act 1914	Crimes Act 1914 - 23WA Definitions Crimes Act 1914 - 3C Interpretation Crimes Act 1914 - 16 Interpretation
officer	:	Anti-Money Laundering and Counter-Terrorism Financing Act 2006	Anti-Money Laundering and Counter-Terrorism Financing Act 2006 - 5 Definitions
official	of a designated agency or a non ‐ designated Commonwealth agency has the meaning given by section 22.	Anti-Money Laundering and Counter-Terrorism Financing Act 2006	Anti-Money Laundering and Counter-Terrorism Financing Act 2006 - 5 Definitions
ONI	means the Office of National Intelligence.	Anti-Money Laundering and Counter-Terrorism Financing Act 2006	Anti-Money Laundering and Counter-Terrorism Financing Act 2006 - 5 Definitions
opening	, in relation to an account, means creating the account. To avoid doubt, it is immaterial whether:	Anti-Money Laundering and Counter-Terrorism Financing Act 2006	Anti-Money Laundering and Counter-Terrorism Financing Act 2006 - 5 Definitions
ordering institution	, in relation to an electronic funds transfer instruction:	Anti-Money Laundering and Counter-Terrorism Financing Act 2006	Anti-Money Laundering and Counter-Terrorism Financing Act 2006 - 9 Same - person electronic funds transfer instructions Anti-Money Laundering and Counter-Terrorism Financing Act 2006 - 5 Definitions Anti-Money Laundering and Counter-Terrorism Financing Act 2006 - 8 Person - to - person electronic funds transfer instructions
owner‐managed branch	of an ADI has the meaning given by section 12.	Anti-Money Laundering and Counter-Terrorism Financing Act 2006	Anti-Money Laundering and Counter-Terrorism Financing Act 2006 - 5 Definitions Anti-Money Laundering and Counter-Terrorism Financing Act 2006 - 12 Owner - managed branches of ADIs
partnership	has the same meaning as in the Income Tax Assessment Act 1997 .	Anti-Money Laundering and Counter-Terrorism Financing Act 2006
payee	, in relation to an electronic funds transfer instruction:	Anti-Money Laundering and Counter-Terrorism Financing Act 2006	Anti-Money Laundering and Counter-Terrorism Financing Act 2006 - 9 Same - person electronic funds transfer instructions Anti-Money Laundering and Counter-Terrorism Financing Act 2006 - 5 Definitions Anti-Money Laundering and Counter-Terrorism Financing Act 2006 - 8 Person - to - person electronic funds transfer instructions
payer	, in relation to an electronic funds transfer instruction:	Anti-Money Laundering and Counter-Terrorism Financing Act 2006	Anti-Money Laundering and Counter-Terrorism Financing Act 2006 - 9 Same - person electronic funds transfer instructions Anti-Money Laundering and Counter-Terrorism Financing Act 2006 - 5 Definitions Anti-Money Laundering and Counter-Terrorism Financing Act 2006 - 8 Person - to - person electronic funds transfer instructions
penalty unit	has the meaning given by section 4AA of the Crimes Act 1914 .	Anti-Money Laundering and Counter-Terrorism Financing Act 2006
permanent establishment	has the meaning given by section 21.	Anti-Money Laundering and Counter-Terrorism Financing Act 2006	Anti-Money Laundering and Counter-Terrorism Financing Act 2006 - 5 Definitions Anti-Money Laundering and Counter-Terrorism Financing Act 2006 - 21 Permanent establishment
person	means any of the following:	Anti-Money Laundering and Counter-Terrorism Financing Act 2006	Anti-Money Laundering and Counter-Terrorism Financing Act 2006 - 5 Definitions Anti-Money Laundering and Counter-Terrorism Financing Act 2006 - 237 Treatment of partnerships