Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2024 (110 of 2024)

Schedule 4 Legal professional privilege

Add:

(3) If:

(a) a person is given a request under subsection (1) in relation to information; and

(b) the person reasonably believes that the information is privileged from being given on the ground of legal professional privilege;

the person must give the AUSTRAC CEO an LPP form in relation to the information within the period specified in the request.

(4) Subsection (3) is a civil penalty provision.

Note: For other provisions dealing with legal professional privilege, see sections 242 and 242A.