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Combating the Financing of People Smuggling and Other Measures Bill 2011

2010-2011

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

Presented and read a first time

 

 

 

 

 

 

 

 

 

Combating the Financing of People Smuggling and Other Measures Bill 2011

 

No.      , 2011

 

(Attorney-General)

 

 

 

A Bill for an Act to amend the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 , and for related purposes

   

   



Contents

1............ Short title............................................................................................. 1

2............ Commencement................................................................................... 1

3............ Schedule(s)......................................................................................... 2

Schedule 1—Remittance dealers                                                                                    4

Part 1—Amendments                                                                                                     4

Anti-Money Laundering and Counter-Terrorism Financing Act 2006              4

Part 2—Transitional provisions relating to reporting entities                   29

Part 3—Transitional provisions relating to other matters                           32

Part 4—Transitional regulations                                                                              37

Schedule 2—Amendments relating to designated agencies                         38

Anti-Money Laundering and Counter-Terrorism Financing Act 2006            38

Schedule 3—Verification of identity                                                                          44

Anti-Money Laundering and Counter-Terrorism Financing Act 2006            44

Privacy Act 1988                                                                                                        51

Schedule 4—Amendment of the Financial Transaction Reports Act 1988             53

 



A Bill for an Act to amend the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 , and for related purposes

The Parliament of Australia enacts:

1   Short title

                   This Act may be cited as the Combating the Financing of People Smuggling and Other Measures Act 2011 .

2   Commencement

             (1)  Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Commencement information

Column 1

Column 2

Column 3

Provision(s)

Commencement

Date/Details

1.  Sections 1 to 3 and anything in this Act not elsewhere covered by this table

The day this Act receives the Royal Assent.

 

2.  Schedule 1, items 1 to 11

A single day to be fixed by Proclamation.

However, if any of the provision(s) do not commence within the period of 6 months beginning on the day this Act receives the Royal Assent, they commence on the day after the end of that period.

 

3.  Schedule 1, items 12 and 13

The day this Act receives the Royal Assent.

 

4.  Schedule 1, items 14 to 48

At the same time as the provisions covered by table item 2.

 

5.  Schedule 1, items 49 to 52

The day this Act receives the Royal Assent.

 

6.  Schedule 1, items 53 to 57

At the same time as the provisions covered by table item 2.

 

7.  Schedule 1, item 58

The day this Act receives the Royal Assent.

 

8.  Schedule 2

The day this Act receives the Royal Assent.

 

9.  Schedule 3

The day this Act receives the Royal Assent.

 

10.  Schedule 4

The day this Act receives the Royal Assent.

 

Note:          This table relates only to the provisions of this Act as originally enacted. It will not be amended to deal with any later amendments of this Act.

             (2)  Any information in column 3 of the table is not part of this Act. Information may be inserted in this column, or information in it may be edited, in any published version of this Act.

3   Schedule(s)

                   Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.