Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2024 (110 of 2024)
Schedule 6 Services relating to virtual assets
Part 1 Main amendments
Anti-Money Laundering and Counter-Terrorism Financing Act 2006
24 Section 19
Repeal the section, substitute:
19 Translation of virtual assets to Australian currency
In determining, for the purposes of this Act, whether the value of a virtual asset is not less than an Australian dollar amount, the value of the virtual asset is to be translated to Australian currency in accordance with the method specified in the AML/CTF Rules.
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