Summary

Part of a package of four bills, the bill implements Australia’s obligations under United Nations Security Council Resolution 1373 and the International Convention for the Suppression of the Financing of Terrorism by amending the:

to insert an offence directed at those who provide or collect funds to facilitate terrorist activities; and to: require cash dealers to report suspected terrorist-related transactions; and streamline procedures for the disclosure of financial transaction reports information to foreign countries; and to introduce higher penalty offences for providing assets to, or dealing in assets of, persons and entities engaged in terrorist activities. Also provides for an independent review of the amendments made to the and .