Document ID: chunk:federal_register_of_legislation:C2025C00034:section:14k
Version: federal_register_of_legislation:C2025C00034
Segment Type: section
Provision Reference: s 14K
Character Range: 63961–65628

14K  Effect of rollback by self‑governing Territories on action taken under State reference information gathering provisions

When this section applies
 (1) This section applies if:
 (a) a law (the disapplying law) of a *self‑governing Territory is made for the purposes of this section; and
 (b) the disapplying law declares that an *express amendment of this Act (other than this Subdivision) is not to apply to:
 (i) an application covered by subsection (3); or
 (ii) an order made as a result of an application covered by subsection (3); or
 (iii) a notice covered by subsection (4); and
 (c) the disapplying law comes into force in the period of 6 months beginning on the day the amendment is enacted.

Application of this Act to the application, order or notice
 (2) This Act applies to the application, order or notice as if the amendment had not been enacted.

Applications for production orders
 (3) This subsection covers an application if:
 (a) the application is made while the disapplying law is in force; and
 (b) the application is for the making of a *production order under clause 1 of Schedule 1; and
 (c) the application is made by an *authorised State/Territory officer of the Territory.

Notices to financial institutions
 (4) This subsection covers a notice if:
 (a) the notice is given while the disapplying law is in force; and
 (b) the notice is given to a *financial institution under clause 12 of Schedule 1; and
 (c) the notice is given by an official of the Territory specified in subclause 12(3) of Schedule 1.

Subdivision C—Interaction of the national unexplained wealth provisions and orders with State and Territory laws and orders