The AML/CTF Act 2006 (as amended) requires the reporting entity's AML/CTF program — both the ML/TF risk assessment and the AML/CTF policies — to be approved by a senior manager under s.26P. The senior manager must hold sufficient authority and accountability for the approval to be meaningful; in a registered-club context this is typically the CEO or General Manager. The approval is documented and retained as part of the program's documentation set.
This term sits in the governance & people section of the working glossary — vocabulary covering board duties, senior-manager accountability, training-register discipline, and decision-of-authority records.
A board member of a NSW registered club, holding statutory duties under both the Corporations Act 2001 (Cth) (…
The RCA-mandated dual role combining the club secretary (statutory governance function) with the club manager …
The eligibility standard applied to several roles: AMLCO (AML/CTF Act 2006 s.26J(3) + Rules 2025 r.5-14), club…
The governing body of a registered club — elected directors who collectively exercise the duties under the Cor…
The Registered Clubs Act 1976 (NSW)-mandated annual member meeting. Must be held within a prescribed period af…
An undisclosed or unmanaged financial or personal interest a director or senior staff member has in a club mat…