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Anti-Money Laundering and Countering Financing of Terrorism Act 2009

Institutional arrangements and miscellaneous provisions - Miscellaneous provisions - Ministerial exemptions

159: Requirements relating to exemptions

You could also call this:

"Rules for Getting an Exemption from the Law"

Illustration for Anti-Money Laundering and Countering Financing of Terrorism Act 2009

When you get an exemption, it must say why you are getting it. The Minister decides how long the exemption lasts, but it cannot be more than 5 years. The Minister can change or cancel the exemption at any time.

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Part 4Institutional arrangements and miscellaneous provisions
Miscellaneous provisions: Ministerial exemptions

159Requirements relating to exemptions

  1. The exemption must include an explanation of the reason for granting the exemption.

  2. The exemption—

  3. must be granted for a period specified by the Minister but that period must not be more than 5 years; and
    1. may, at any time, be varied or revoked by the Minister.

      1. Repealed
      Notes
      • Section 159(3): repealed, on , by section 77(3) of the Legislation Act 2012 (2012 No 119).