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.