Table 1 of Section 6 of the AML/CTF Act lists the designated services regulated by the Act.

AUSTRAC has issued draft AML/CTF Rules relating
to certain threshold amounts in respect of items 17, 25, 26 and 50 of
table 1 in section 6.

It is proposed that, unless an entity’s own procedures require otherwise,the identification procedures in Division 4 of Part 2 of the Act will not apply to certain cheques less than $5000, travellers cheques less than $1000 and certain currency exchanges of less than $1000.

A public consultation period
is open until 26 July 2007.