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

28   At the end of section 202

Add:

(5) If:

(a) a person is given a notice under subsection (2) in relation to information or a document; and

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

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

(6) Subsection (5) is a civil penalty provision.

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