Under section 248 of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) the AUSTRAC CEO, may, by written instrument, exempt a specified person from one or more specified provisions of the AML/CTF Act, or declare that the AML/CTF Act applies in relation to a person as if one or more provisions of the AML/CTF Act were modified as specified in the declaration. Under this section copies of all exemptions and modifications must be made available on the AUSTRAC website.
Exemptions made by the AUSTRAC CEO
- Absolute Alpha Pty Ltd
- Acorn Prudential Limited
- Ancient Order of Foresters in Victoria Friendly Society Ltd
- Australian Friendly Society Ltd
- Combined Life Insurance Company of Australia Limited
- Queensland Power Trading Corporation trading as Enertrade
- National Electricity Market Management Company Limited (NEMMCO)
- NSW Treasury Corporation, NT Treasury Corporation, QLD Treasury Corporation, SA Government Financing Authority, Tasmanian Public Finance Corporation, Treasury Corporation of Victoria, WA Treasury Corporation
- Pfizer Australia Superannuation Pty Ltd as trustee for The Pfizer Australia Superannuation Plan
- Super Investment Management Pty Ltd
- Territory Housing
- Watson Wyatt Superannuation Pty Ltd as trustee for the P&O Australia Superannuation Fund
- Watson Wyatt Superannuation Pty Ltd as trustee for Uncle Tobys Superannuation Fund
Modifications made by the AUSTRAC CEO
- Declaration - managed investment schemes and pre-commencement customers
- Goldman Sachs JBWere Group Holdings Pty Ltd, Goldman Sachs JBWere Pty Ltd and the other entities listed in the instrument
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Entity granted exemption:
Absolute Alpha Pty Ltd
Date effective:
02/05/2008
Designated service exemption applies to:
33
Provisions of AML/CTF Act exemption applies to:
1-252
Details of exemption:
Exemption is made from those provisions of the AML/CTF Act and in relation to the designated service provided by Absolute Alpha Pty Ltd, as shown in this table, subject to the conditions stated in the attached exemption instrument.
Exemption instrument
Exemption instrument - Absolute Alpha Pty Ltd
File size 44kb
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Entity granted exemption:
Acorn Prudential Limited
Date effective:
16 November 2007
Designated services exemption applies to:
38 and 39
Provisions of AML/CTF Act exemption applies to:
All
Details of exemption:
Exemption is made in respect of two funds managed and operated by Acorn: Blue Chip Endowment Assurance Fund (BFC) and Health Fund Investment Bond Fund (HFIB)
Exemption instrument
Exemption instrument - Acorn Prudential Limited
File size 110kb
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Entity granted exemption:
Ancient Order of Foresters in Victoria Friendly Society Ltd
Date effective:
29/04/2008
Designated services exemption applies to:
37, 38, 39
Provisions of AML/CTF Act exemption applies to:
1-252
Details of exemption:
Exemption is made from those provisions of the AML/CTF Act and in relation to the designated services provided by Ancient Order of Foresters in Victoria Friendly Society Ltd, as shown in this table, subject to the conditions stated in the attached exemption instrument.
Exemption instrument
Exemption instrument - Ancient Order of Foresters in Victoria Friendly Society Ltd
File size 29kb
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Entity granted exemption:
Australian Friendly Society Ltd
Date effective:
29/04/2008
Designated services exemption applies to:
38, 39
Provisions of AML/CTF Act exemption applies to:
1-252
Details of exemption:
Exemption is made from those provisions of the AML/CTF Act and in relation to the designated services provided by Australian Friendly Society Ltd, as shown in this table, subject to the conditions stated in the attached exemption instrument.
Exemption instrument
Exemption instrument - Australian Friendly Society Ltd
File size 50kb
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Entity granted exemption:
Combined Life Insurance Company of Australia Limited
Date effective:
24 December 2007
Designated services exemption applies to:
38 and 39
Provisions of AML/CTF Act exemption applies to:
Part 2 (Identification Procedures etc.)
Part 3 (Reporting obligations)
Part 5 (Electronic funds transfer instructions)
Part 7 (Anti-money laundering and counter-terrorism financing programs)
Part 10 (Record-keeping requirements)
Details of exemption:
Exemption is made in respect of the following fund managed and operated by Combined Life Insurance Company of Australia Limited:
Statutory Fund Number 1
Exemption instrument:
Exemption instrument - Combined Life Insurance Company of Australia Limited
File 140kb
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Entity granted exemption:
National Electricity Market Management Company Limited (NEMMCO)
Date effective:
13 January 2008
Designated services exemption applies to:
6, 35, 46
Provisions of AML/CTF Act exemption applies to:
27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37,38, 40, 41, 43, 45, 47, 48, 49, 50, 51, 63, 64, 65, 66, 68, 69, 70, 71, 72, 73, 74, 75, 76, 77, 78, 79, 79A, 80, 81, 82, 83, 84, 85, 86, 87, 88, 89, 90, 91, 92, 104, 106, 107, 108, 111, 112, 113, 114, 115, and 116
Details of exemption:
Exemption is made from those provisions of the AML/CTF Act as shown in this table and in relation to any designated services provided by NEMMCO, subject to the conditions stated in the attached exemption instrument.
Exemption instrument
Exemption instrument - National Electricity Market Management Company Limited (NEMMCO)
File 100kb
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Entities granted exemption:
NSW Treasury Corporation, NT Treasury Corporation, QLD Treasury Corporation, SA Government Financing Authority, Tasmanian Public Finance Corporation, Treasury Corporation of Victoria, WA Treasury Corporation
Date effective:
14 April 2008
Designated services exemption applies to:
6, 7, 35, 36, 48, 49
Provisions of AML/CTF Act exemption applies to:
27-38, 40, 43, 45, 47-66, 68-92, 104, 106-108, 111-116
Details of exemption:
Exemption is made from those provisions of the AML/CTF Act as shown in this table and in relation to any designated services provided by the reporting entities, subject to the conditions stated in the attached exemption instrument.
Exemption instrument
Exemption instrument - NSW Treasury Corporation, NT Treasury Corporation, QLD Treasury Corporation, SA Government Financing Authority, Tasmanian Public Finance Corporation, Treasury Corporation of Victoria, WA Treasury Corporation
File 275kb
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Entity granted exemption:
Pfizer Australia Superannuation Pty Ltd as trustee for The Pfizer Australia Superannuation Plan
Date effective:
08/02/2008
Designated service exemption applies to:
43
Provisions of AML/CTF Act exemption applies to:
1-252
Details of exemption:
Exemption is made from those provisions of the AML/CTF Act as shown in this table and in relation to any designated services provided by Pfizer Australia Superannuation Pty Ltd as trustee for The Pfizer Australia Superannuation Plan, subject to the conditions stated in the attached exemption instrument.
Exemption instrument
Exemption instrument - Pfizer Australia Superannuation Pty Ltd as trustee for The Pfizer Australia Superannuation Plan
File 40kb
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Entity granted exemption:
Queensland Power Trading Corporation trading as Enertrade
Date effective:
5 March 2008
Designated service exemption applies to:
35
Provisions of AML/CTF Act exemption applies to:
All
Details of exemption:
Exemption is made from those provisions of the AML/CTF Act as shown in this table and in relation to any designated services provided by Queensland Power Trading Corporation, subject to the conditions stated in the attached exemption instrument.
Exemption instrument
Exemption instrument - Queensland Power Trading Corporation trading as Enertrade
File size 40kb
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Entity granted exemption:
Super Investment Management Pty Ltd
Date effective:
30/1/08
Designated services exemption applies to:
33, 34, 35, 54
Provisions of AML/CTF Act exemption applies to:
1-252
Details of exemption:
Exemption is made from those provisions of the AML/CTF Act as shown in this table and in relation to any designated services provided by Super Investment Management Pty Ltd, subject to the conditions stated in the attached exemption instrument.
Exemption instrument:
Exemption instrument - Super Investment Management Pty Ltd
File 40kb
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Entity granted exemption:
Territory Housing
Date effective:
2/05/2008
Designated service exemption applies to:
6, 7
Provisions of AML/CTF Act exemption applies to:
27 - 38, 40, 41, 43, 45, 47 - 51, 80 - 92, 104, 106 - 108, 111 - 116
Details of exemption:
Exemption is made from those provisions of the AML/CTF Act and in relation to the designated services provided by Territory Housing, as shown in this table, subject to the conditions stated in the attached exemption instrument.
Exemption instrument
Exemption instrument
Exemption instrument - Territory Housing
File size 85kb
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Entity granted exemption:
Watson Wyatt Superannuation Pty Ltd as trustee for the P&O Australia Superannuation Fund
Date effective:
07/02/2008
Designated service exemption applies to:
43
Provisions of AML/CTF Act exemption applies to:
29-35, 47(2), 81(1)
Details of exemption:
Exemption is made from those provisions of the AML/CTF Act as shown in this table and in relation to any designated services provided by Watson Wyatt Superannuation Pty Ltd as trustee for the P&O Australia, subject to the conditions stated in the attached exemption instrument.
Exemption instrument
Exemption instrument - Watson Wyatt Superannuation Pty Ltd as trustee for P&O Australia
File 40kb
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Entity granted exemption:
Watson Wyatt Superannuation Pty Ltd as trustee for Uncle Tobys Superannuation Fund
Date effective:
08/02/2008
Designated service exemption applies to:
43
Provisions of AML/CTF Act exemption applies to:
1-252
Details of exemption:
Exemption is made from those provisions of the AML/CTF Act as shown in this table and in relation to any designated services provided by Watson Wyatt Superannuation Pty Ltd as trustee for Uncle Tobys Superannuation Fund, subject to the conditions stated in the attached exemption instrument.
Exemption instrument
Exemption instrument - Watson Wyatt Superannuation Pty Ltd as trustee for Uncle Tobys Superannuation Fund
File 40kb
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Modifications made by the AUSTRAC CEO
Date effective:
4 April 2008
Designated service modification applies to:
35
Provisions of AML/CTF Act modification applies to:
28
Details of modification:
This modification applies to any person who issues an interest in a managed investment scheme (including an option to acquire such an interest) or a derivative relating to an interest in a managed investment scheme and allows customers who acquired such interests to be recognised as pre-commencement customers where they acquired their interests after 12 December 2007 but before 31 January 2008.
Declaration (modification) instrument:
Declaration - managed investment schemes and pre-commencement customers
File 51kb
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Entity granted modification:
Goldman Sachs JBWere Group Holdings Pty Ltd, Goldman Sachs JBWere Pty Ltd and the other entities listed in the instrument.
Date effective:
29/04/2008
Designated services modification applies to:
6, 14, 33, 35, 46, 50, 54
Provision of AML/CTF Act modification applies to:
5
Details of modification:
A modification is made from the provision of the AML/CTF Act and in relation to the designated services provided by Goldman Sachs JBWere Group Holdings Pty Ltd and the other entities listed in the Instrument, as shown in this table, subject to the conditions stated in the attached modification declaration.
Modification declaration:
Modification declaration - Goldman Sachs JBWere Group Holdings Pty Ltd, Goldman Sachs JBWere Pty Ltd and the other entities listed in the instrument.
File size 44kb
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