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

Schedule 1   Amendments

Part 2   Transitional provisions

164   Consultants

(1) This item applies to an agreement or determination that:

(a) was in force immediately before the commencement of this item; and

(b) was made under subsection 40A(1) or (2) of the Financial Transaction Reports Act 1988.

(2) The agreement or determination has effect, after the commencement of this item, as if:

(a) it had been made under subsection 225(1) or (2), as the case requires, of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006; and

(b) a reference in the agreement or determination to the Director of AUSTRAC were a reference to the AUSTRAC CEO.

(3) This item does not limit section 25B of the Acts Interpretation Act 1901.