Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2017 (130 of 2017)

Schedule 1   Amendments

Part 7   Other regulatory matters

Anti-Money Laundering and Counter-Terrorism Financing Act 2006

79A   Section 5

Insert:

betting instrument means a thing (whether real or virtual):

(a) that represents monetary value or digital currency value; and

(b) that is designed to be used for the purpose of, or for purposes which include:

(i) placing or making a bet; or

(ii) paying out winnings in respect of a bet;

but does not include:

(c) a gaming chip or token; or

(d) a thing that, under the AML/CTF Rules, is taken not to be a betting instrument.