Foreign Acquisitions and Takeovers Legislation Amendment Act 2015 (150 of 2015)
Schedule 4 Amendments of confidentiality provisions
Anti-Money Laundering and Counter-Terrorism Financing Act 2006
1 Subsection 125(1)
Repeal the subsection, substitute:
(1) The Commissioner of Taxation and any taxation officer is entitled to access to AUSTRAC information for any purpose relating to the facilitation of the administration or enforcement of:
(a) a taxation law; or
(b) the Foreign Acquisitions and Takeovers Act 1975, if the Commissioner or officer is accessing the information in relation to a matter for which there has been a request under subsection 138(4) of that Act.
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