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Proceeds of Crime (Consequential Amendments and Transitional Provisions) Act 2002
40LCompliant transferor ADIs released from retention obligations
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##### 40L Compliant transferor ADIs released from retention obligations
Sections 40F to 40J do not apply to the transferor ADI, in relation to the document, if it gave the original and all copies of the document to the transferee ADI within the 120‑day period beginning 30 days before the transfer of the account.
> Note: A defendant bears an evidential burden in relation to the defence in this section (see subsection 13.3(3) of the Criminal Code).