| Title | Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2017 |
| Database | Bills & Legislation |
| Long Title | a Bill for an Act to amend legislation relating to combating money laundering and terrorism financing, and for related purposes |
| Date | 07-12-2017 07:06 PM |
| Source | House of Reps |
| Parl No. | 45 |
| Bill Number | 177/17 |
| Bill Type | Government |
| Portfolio | Justice |
| Reps Bill Code | O |
| Status | Act |
| System Id | legislation/bills/r5952_aspassed/0000 |
2016â2017
The Parliament of the
Commonwealth of Australia
HOUSE OF REPRESENTATIVES
As passed by both Houses
AntiâMoney Laundering and CounterâTerrorism Financing Amendment Bill 2017
No. , 2017
A Bill for an Act to amend legislation relating to combating money laundering and terrorism financing, and for related purposes
Contents
1............ Short title............................................................................................. 1
2............ Commencement................................................................................... 1
3............ Schedules............................................................................................ 2
Schedule 1âAmendments 3
Part 1âObjects of Act 3
AntiâMoney Laundering and CounterâTerrorism Financing Act 2006 3
Part 2âDigital currencies 4
AntiâMoney Laundering and CounterâTerrorism Financing Act 2006 4
Part 3âRemittance activities 22
AntiâMoney Laundering and CounterâTerrorism Financing Act 2006 22
Part 4âRegulatory relief to industry 23
AntiâMoney Laundering and CounterâTerrorism Financing Act 2006 23
Financial Transaction Reports Act 1988 24
Part 5âInvestigation and enforcement 26
AntiâMoney Laundering and CounterâTerrorism Financing Act 2006 26
Part 6âRevision of definitions 33
AntiâMoney Laundering and CounterâTerrorism Financing Act 2006 33
Part 7âOther regulatory matters 35
AntiâMoney Laundering and CounterâTerrorism Financing Act 2006 35
A Bill for an Act to amend legislation relating to combating money laundering and terrorism financing, and for related purposes
The Parliament of Australia enacts:
This Act is the AntiâMoney Laundering and CounterâTerrorism Financing Amendment Act 2017.
(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 |
|
Provisions |
Commencement |
Date/Details |
|
1. The whole of this Act |
A day or days to be fixed by Proclamation. However, if any of the provisions 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. |
|
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.
Legislation 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.