Document ID: chunk:federal_register_of_legislation:C2016C01035:clause:2_3
Version: federal_register_of_legislation:C2016C01035
Segment Type: clause
Provision Reference: sch 2 cl 3
Character Range: 83549–84169

3  Subsection 125(3)
Repeal the subsection, substitute:

Application of Division 355 in Schedule 1 to the Taxation Administration Act 1953
 (3) Division 355 in Schedule 1 to the Taxation Administration Act 1953 applies in relation to AUSTRAC information obtained by the Commissioner of Taxation or a taxation officer under subsection (1) or (2) of this section as if a reference in that Division to a taxation law included a reference to this Act or the Financial Transaction Reports Act 1988.
Note: Division 355 in Schedule 1 to the Taxation Administration Act 1953 deals with confidentiality of taxation information.