Consideration resumed from 22 March.

Senate’s amendments—

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

(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”.

See this item in context