Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2007 (52 of 2007)

Schedule 1   Amendments

Part 1   Amendments

Anti-Money Laundering and Counter-Terrorism Financing Act 2006

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.