Financial services Service or product category Table 1 designated services Account and deposit taking services Item 1 opening an account – (applies only to an authorised Item 2 allowing a person to become a signatory to an – deposit-taking institution (ADI), account bank, building society credit union, Item 3 allowing a transaction to be conducted in relation or person specified in the AML/CTF – to an account Rules) Item 4 accepting money on deposit – Item 5 allowing a transaction to be conducted in relation – to a deposit Issuing chequebooks or debit cards Item 14 providing a chequebook or similar facility – Item 15 providing a chequebook in the capacity of a – building society or credit union Item 16 in capacity of trustee or trust manager providing – a chequebook or similar facility Item 18 issuing a debit card – Item 18A issuing debit card to a signatory of the account – (other than holder of account) Item 19 credit union or building society issuing a debit – card Item 19A credit union or building society issuing a debit – card to signatory of the account Item 20 trustee or trust manager issuing a debit card to – beneficial owner Item 20A trustee or trust manager issuing a debit card – to a signatory authorised by beneficial owner Issuing money or postal orders Item 27 issuing a money order, postal order or similar – order Item 28 in the capacity of an issuer of a money order, – postal order or similar order cashing or redeeming that order Financial advisory services Item 54 in the capacity of a holder of an Australian – financial services licence making arrangements for a person to receive a designated service
Financial services Service or product category Table 1 designated services Account and deposit taking services (applies only to an authorised deposit-taking institution (ADI), bank, building society credit union, or person specified in the AML/CTF Rules) Item 1 – opening an account Item 2 – allowing a person to become a signatory to an account Item 3 – allowing a transaction to be conducted in relation to an account Item 4 – accepting money on deposit Item 5 – allowing a transaction to be conducted in relation to a deposit Issuing chequebooks or debit cards Item 14 – providing a chequebook or similar facility Item 15 – providing a chequebook in the capacity of a building society or credit union Item 16 – in capacity of trustee or trust manager providing a chequebook or similar facility Item 18 – issuing a debit card Item 18A – issuing debit card to a signatory of the account (other than holder of account) Item 19 – credit union or building society issuing a debit card Item 19A – credit union or building society issuing a debit card to signatory of the account Item 20 – trustee or trust manager issuing a debit card to beneficial owner Item 20A – trustee or trust manager issuing a debit card to a signatory authorised by beneficial owner Issuing money or postal orders Item 27 – issuing a money order, postal order or similar order Item 28 – in the capacity of an issuer of a money order, postal order or similar order cashing or redeeming that order Financial advisory services Item 54 – in the capacity of a holder of an Australian financial services licence making arrangements for a person to receive a designated service
abpf-explanatory-guide.docx