The Suppression of the Financing of Terrorism Act 2002 amended the Criminal Code Act 1995, the Extradition Act 1988, the Financial Transactions Reports Act 1988, the Mutual Assistance in Criminal Matters Act 1987 and the Charter of the United Nations Act 1945.

The Act inserted a new offence into the Criminal Code Act 1995 directed at persons who provide or collect funds and are reckless as to whether those funds will be used to facilitate a terrorist act.  The maximum penalty for the offence is imprisonment for life. 

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