Foreign Acquisitions and Takeovers Legislation Amendment Act 2015 (150 of 2015)

Schedule 4   Amendments of confidentiality provisions

Anti-Money Laundering and Counter-Terrorism Financing Act 2006

1   Subsection 125(1)

Repeal the subsection, substitute:

(1) The Commissioner of Taxation and any taxation officer is entitled to access to AUSTRAC information for any purpose relating to the facilitation of the administration or enforcement of:

(a) a taxation law; or

(b) the Foreign Acquisitions and Takeovers Act 1975, if the Commissioner or officer is accessing the information in relation to a matter for which there has been a request under subsection 138(4) of that Act.