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Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2007

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2004-2005-2006-2007

 

 

THE PARLIAMENT OF THE COMMONWEALTH OF AUSTRALIA

 

 

THE SENATE

 

 

Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2007

 

 

Schedule of the amendments made by the Senate

 

 

 

 

 

(1)     Clause 2, page 2 (table item 6), omit the table item, substitute:

 

6.  Schedule 1, items 21 to 57

The day after this Act receives the Royal Assent.

 

6A.  Schedule 1, item 57A

Immediately after the commencement of item 56 of Schedule 1 to the Anti-Money Laundering and Counter-Terrorism Financing (Transitional Provisions and Consequential Amendments) Act 2006 .

13 December 2006

6B.  Schedule 1, item 58

The day after this Act receives the Royal Assent.

 

 

(2)     Schedule 1, page 8 (after line 32), after item 23, insert:

23A  Paragraph 127(3)(b)

Omit “or 133”, substitute “, 133 or 133A”.

(3)     Schedule 1, page 11 (after line 22), after item 40, insert:

40A  At the end of Division 4 of Part 11

Add:

133A   When the Director-General of ASIS may communicate AUSTRAC information to a foreign intelligence agency

             (1)  The Director-General of ASIS may communicate AUSTRAC information to a foreign intelligence agency if the Director-General is satisfied that:

                     (a)  the foreign intelligence agency has given appropriate undertakings for:

                              (i)  protecting the confidentiality of the information; and

                             (ii)  controlling the use that will be made of it; and

                            (iii)  ensuring that the information will be used only for the purpose for which it is communicated to the foreign country; and

                     (b)  it is appropriate, in all the circumstances of the case, to do so.

             (2)  The Director-General of ASIS may, in writing, authorise an ASIS official to access the AUSTRAC information and communicate it to the foreign intelligence agency on the Director-General’s behalf.

Note:          For variation and revocation, see subsection 33(3) of the Acts Interpretation Act 1901 .

(4)     Schedule 1, page 15 (after line 12), before item 58, insert:

57A  Subsection 3(1) (at the end of paragraph (c) of the definition of non-reportable cash transaction )

Add “that occurred after the commencement of Division 3 of Part 3 of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 ”.

 

 

 

 

 

HARRY EVANS

Clerk of the Senate

 

 

The Senate

22 March 2007