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.