Document ID: chunk:federal_register_of_legislation:C2025C00044:section:234
Version: federal_register_of_legislation:C2025C00044
Segment Type: section
Provision Reference: s 234
Character Range: 481712–483177

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.
         • 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.