❓ A WA parliamentary question regarding the Department of Treasury and Finance's interactions with AUSTRAC, specifically concerning requests for assistance, unsolicited information leading to investigations, and data sharing protocols. The answer reveals an exemption granted to the department regarding money laundering and counter-terrorism financing legislation.
AnsweredQoN 6393Legislative Assembly
QuestionView source ↗
(1) On how many occasions did the Western Australian Department of Treasury and Finance request the Australian Transaction Reports and Analysis Centre (AUSTRAC) assistance in 2010-11, and in the preceding three financial years?
(2) On how many occasions did AUSTRAC officially contact the Western Australian Department of Treasury and Finance with non-requested information leading to an investigation?
(3) What official protocol governs the sharing of information between AUSTRAC and the Western Australian Department of Treasury and Finance?
(2) On how many occasions did AUSTRAC officially contact the Western Australian Department of Treasury and Finance with non-requested information leading to an investigation?
(3) What official protocol governs the sharing of information between AUSTRAC and the Western Australian Department of Treasury and Finance?
AnswerView source ↗
Answered
22 November 2011
Response time
33 days
(1) The Department of Treasury and Finance, as administrator of the Parliamentary Pension Scheme and the Judges Pension Scheme, sought an exemption from provisions of the
Anti?Money Laundering and Counter?Terrorism Financing Act 2006
(the Act) in December 2009. The exemptions were sought as the nature of the schemes is such that breaches of the Act were considered to be negligible. AUSTRAC granted the requested exemption on 20 May 2010.
(2) Nil
(3) The Commonwealth's
Anti?Money Laundering and Counter?Terrorism Financing Act 2006
and
Financial Transaction Reports Act 1988
are administered by AUSTRAC and apply to all cash dealers as defined by the Acts. The Department of Treasury and Finance has an exemption from provisions of the
Anti?Money Laundering and Counter?Terrorism Financing Act 2006
(see part 1). No formal protocols between AUSTRAC and the Department of Treasury and Finance have been required to date for data sharing under these Acts.
Notice: This document is created or edited using unregistered or evaluation copy of rtLib valid for testing or development purposes only. To use it for productive or any other purposes please register it. You may purchase the license on
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Anti?Money Laundering and Counter?Terrorism Financing Act 2006
(the Act) in December 2009. The exemptions were sought as the nature of the schemes is such that breaches of the Act were considered to be negligible. AUSTRAC granted the requested exemption on 20 May 2010.
(2) Nil
(3) The Commonwealth's
Anti?Money Laundering and Counter?Terrorism Financing Act 2006
and
Financial Transaction Reports Act 1988
are administered by AUSTRAC and apply to all cash dealers as defined by the Acts. The Department of Treasury and Finance has an exemption from provisions of the
Anti?Money Laundering and Counter?Terrorism Financing Act 2006
(see part 1). No formal protocols between AUSTRAC and the Department of Treasury and Finance have been required to date for data sharing under these Acts.
Notice: This document is created or edited using unregistered or evaluation copy of rtLib valid for testing or development purposes only. To use it for productive or any other purposes please register it. You may purchase the license on
http://www.rtlib.com
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