A politically exposed person means an individual:
A Politically Exposed Person (PEP) is:
•an individual who holds a prominent public position or function in a government body or an international organisation; or •an individual who has a close family member or associate, who holds a prominent public position or function in a government body or an international organisation.
Prominent public positions and functions include:
•Head of State or head of a country or government; or •Government minister or equivalent senior politician; or •Senior government official; or •Judge of the High Court of Australia, the Federal Court of Australia or a Supreme Court of a State or Territory or a Judge of a court of equivalent seniority in a foreign country or international organisation; or •Governor of a central bank or any other position that has comparable influence to the Governor of the Reserve Bank of Australia; or •Senior foreign representative, ambassador, or high commissioner; or •High ranking member of the armed forces; or •Board chair, chief executive, or chief financial officer of, or any other position that has comparable influence in, any State enterprise or international organisation.
Close family members include: •a spouse; or •a de facto partner; or •a child and a child’s spouse or de facto partner; or •a parent.
Close Associates include: •individuals who are known to have joint beneficial ownership of a legal entity or legal arrangement with a person referred to in the list of ‘Prominent public positions and functions’ above; •individuals who are known to have sole beneficial ownership of a legal entity or legal arrangement that is known to exist for the benefit of a person described in the list of ‘Prominent public positions and functions’ above.