Compliance Toolkit

Trade Practices Act

The Treasurer has announced that the amendments to the Trade Practices Act made by Trade Practices Legislation Amendment Act (No. 1) 2006 will commence from 1 January 2007.The Act implements the Government’s response to the Review of the Competition Provisions of the Trade Practices Act (Dawson Review).

Privacy Act updated

ComLaw has issued an updated consolidated Privacy Act 1988 up to 13 December 2006.

The publication includes:

• a new Part VIA inserted by the Privacy Legislation Amendment (Emergencies and Disasters) Act that applies to the handling of personal information during a declared emergency or disaster situation; and
• amendments inserted by the Anti-Money Laundering And Counter-Terrorism Financing (Transitional Provisions And Consequential Amendments) Act 2006.

Anti-money laundering implementation

The Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) and the Anti-Money Laundering and Counter-Terrorism Financing (Transitional
Provisions and Consequential Amendments) Act 2006 commenced on 12 December 2006 when it received Royal Assent.

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