234Simplified outline

#### 234 Simplified outline The following is a simplified outline of this Part: • Proceedings do not lie against a person in relation to anything done, or omitted to be done, in compliance, or in purported compliance, with a requirement under this Act, the regulations or the AML/CTF Rules. • In proceedings for a contravention of this Act or the regulations, it is a defence if the defendant proves that the defendant took reasonable precautions, and exercised due diligence, to avoid the contravention. • There is a defence to a contravention of certain civil penalty provisions relating to the law of a foreign country preventing compliance. • Provision is made in relation to how this Act applies to reporting groups. • Partnerships, trusts and unincorporated associations are to be treated as persons for the purposes of this Act. • This Act is not intended to affect the concurrent operation of State and Territory laws. • This Act does not affect the law relating to legal professional privilege. • A contravention of this Act does not affect the validity of any transaction. • Provision is made in relation to the making of reports to the AUSTRAC CEO etc. • Provision is made in relation to the performance of non‑judicial functions by magistrates. • This Act does not apply to a designated service specified in the AML/CTF Rules. • The AUSTRAC CEO may exempt a person from this Act, or modify the application of this Act to a person. • There is to be a review of the operation of this Act. • The Governor‑General may make regulations for the purposes of this Act.