GRCLaw

AML/CTF Act

Anti-Money Laundering and Counter-Terrorism Financing Act 2006

This is an Australian law established to prevent money laundering and financing of terrorism. It imposes obligations on certain entities to implement anti-money laundering and counter-terrorism financing measures, including customer due diligence, reporting, and record-keeping.

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Overview

The Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) is a comprehensive framework for addressing money laundering and terrorism financing in Australia. Administered by AUSTRAC, the Act delineates requirements for financial institutions and specific businesses, including risk assessments, customer identification (KYC), compliance reports, and measures to monitor and report suspicious transactions. The Act regulates sectors such as banking, gambling, and remittance services, introduces reporting obligations for threshold transactions and international fund transfers, and mandates the registration of remittance providers and virtual asset service providers. It also includes provisions for protecting information, external audits, and enforceable countermeasures.

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Criminal Code Act 1995

The Criminal Code Act 1995 is an Australian federal law that establishes the legal framework for addressing criminal offenses. It outlines principles of criminal responsibility, specific offenses such as terrorism and espionage, and provisions for external and corporate liabilities.

Attorney-General's Department • Australia • vNo. 137, 17 February 2021

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GRCLaw

BCI Act — Building and Construction Industry (Improving Productivity) Act 2016

The Building and Construction Industry (Improving Productivity) Act 2016 establishes a regulatory framework aimed at improving productivity and accountability within the building and construction sector in Australia. It provides for the creation of the Australian Building and Construction Commission and outlines rules governing industrial actions, security of payments, and compliance with workplace safety regulations.

Australian Government • Australia • vNo. 2, 17 February 2017

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GRCLaw

Environment Protection and Biodiversity Conservation Act 1999

The Environment Protection and Biodiversity Conservation Act 1999 (EPBC Act) is Australia's key environmental legislation. It provides a legal framework to protect and manage nationally and internationally significant flora, fauna, ecological communities, and heritage places.

Australian Government • Australia • vNo. 55, 16 December 2020

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GRCLaw

Disability Discrimination Act 1992

The Disability Discrimination Act 1992 is an Australian law prohibiting discrimination based on disability across various areas, including employment, education, access to services, and public spaces. It aims to promote equal opportunity and eliminate unjustifiable hardship for individuals with disabilities.

Australian Government • Australia • vNo. 31, 1 July 2016

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