Anti-Money Laundering and Counter-Terrorism Financing Act 2006
49CAuthorisation to obtain information or documents in certain circumstances
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49C Authorisation to obtain information or documents in certain circumstances
Scope (1) This section applies if a person has information or a document that may assist the AUSTRAC CEO with: (a) obtaining or analysing information to support efforts to combat money laundering, terrorism financing, proliferation financing or other serious crimes; or (b) identifying trends, patterns, threats or vulnerabilities associated with money laundering, terrorism financing, proliferation financing or other serious crimes; for the purposes of the performance of functions of the AUSTRAC CEO. Authorisation (2) The AUSTRAC CEO may, by written notice given to the person, authorise the person: (a) to give to the AUSTRAC CEO any such information; or (b) to produce to the AUSTRAC CEO any such documents. Content of notice (3) A notice under subsection (2) must set out the effect of the following provisions: (a) subsection (5); (b) section 136; (c) section 137.
Note 1: Section 136 is about giving false or misleading information.
Note 2: Section 137 is about producing false or misleading documents.
Information disclosure etc. (4) A person may give information or produce a document to the AUSTRAC CEO in accordance with a notice under subsection (2).
Note: This subsection constitutes an authorisation for the purposes of the Privacy Act 1988 and other laws.
(5) This section applies despite any general law obligation of confidence.