Anti-Money Laundering and Counter-Terrorism Financing (Transitional Provisions and Consequential Amendments) Act 2006 (170 of 2006)

Schedule 1   Amendments

Part 1   Amendments

Financial Transaction Reports Act 1988

71   After subsection 15(1A)

Insert:

(1B) Subsection (1) does not apply if the transfer occurred after the commencement of Division 1 of Part 4 of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006.

Note: A defendant bears an evidential burden in relation to the matter in subsection (1B) (see subsection 13.3(3) of the Criminal Code).