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

Schedule 1   Amendments

Part 1   Amendments

Inspector-General of Intelligence and Security Act 1986

149   Subsection 22(3)

Repeal the subsection, substitute:

(3) If the report includes:

(a) information that was acquired by the Commissioner of Taxation under the provisions of a tax law (within the meaning of section 3E of the Taxation Administration Act 1953); or

(b) AUSTRAC information (within the meaning of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006);

the Inspector-General must prepare another version of the report that does not disclose the information referred to in paragraph (a) or (b).

Note: Section 3EC of the Taxation Administration Act 1953 permits the Inspector-General to disclose paragraph (a) information to the Director-General of Security in the report under subsection (1).