Austrac has announced that it is anticipated that
regulations will take effect from late January 2008, designed to ensure
that companies who carry on a business of issuing or selling interests
in managed investment schemes are providing a designated service
under item 35 of table 1 in section 6 of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006. The regulations will commence immediately upon being registered.
UPDATE 30 January 2008: The Anti-Money Laundering and Counter-Terrorism Financing Regulations 2008 wre made on 25 January 2008.