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

Schedule 4   Legal professional privilege

Anti-Money Laundering and Counter-Terrorism Financing Act 2006

6   After subsection 41(2)

Insert:

(2A) Despite subsection (2), the reporting entity may refuse to give the AUSTRAC CEO a report about the matter if the reporting entity reasonably believes that all of the information comprising the grounds on which the reporting entity holds the relevant suspicion is privileged from being given on the ground of legal professional privilege.

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