An Act to amend the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 and repeal the Financial Transaction Reports Act 1988, and for related purposes Contents 1 Short title 2 Commencement 3 Schedules Schedule 1—AML/CTF programs and business groups Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 Schedule 2—Customer due diligence Part 1—Main amendments Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 Part 2—Consequential amendments Banking Act 1959 Commonwealth Electoral Act 1918 Schedule 3—Regulating additional high‑risk services Part 1—Real estate Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 Part 2—Dealers in precious metals and stones Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 Part 3—Professional services Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 Part 4—Transitional provisions Schedule 4—Legal professional privilege Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 Schedule 5—Tipping off offence and disclosure of AUSTRAC information to foreign countries or agencies Part 1—Main amendments Division 1—Tipping off offence Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 Division 2—Disclosure of AUSTRAC information to foreign countries or agencies Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 Part 2—Contingent amendments Intelligence Services Legislation Amendment Act 2024 Schedule 6—Services relating to virtual assets Part 1—Main amendments Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 Part 2—Contingent amendments Proceeds of Crime Act 2002 Schedule 7—Definition of bearer negotiable instrument Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 Schedule 8—Transfers of value and international value transfer services Part 1—Transfers of value Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 Part 2—International value transfer services Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 Schedule 9—Powers and definitions Part 1—Examination power Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 Part 2—Information gathering power Division 1—Main amendments Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 Division 2—Consequential amendments Freedom of Information Act 1982 Part 3—Definitions Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 Part 4—Contingent amendment Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 Schedule 10—Exemptions Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 Schedule 11—Repeal of the Financial Transaction Reports Act 1988 Part 1—Repeals Financial Transaction Reports Act 1988 Part 2—Consequential amendments Division 1—Amendment of the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 Division 2—Amendments of other Acts Australian Securities and Investments Commission Act 2001 Commonwealth Electoral Act 1918 Criminal Code Act 1995 Freedom of Information Act 1982 Proceeds of Crime Act 2002 Surveillance Devices Act 2004 Part 3—Transitional provisions Schedule 12—Transitional rules Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2024 No.