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ANTI-MONEY LAUNDERING AND COUNTER-TERRORISM FINANCING ACT 2006 - SECT 229

AML/CTF Rules

  (1)   The AUSTRAC CEO may, by writing, make rules (the AML/CTF Rules ) prescribing matters required or permitted by any other provision of this Act to be prescribed by the AML/CTF Rules.

Note 1:   AML/CTF Rules is short for Anti - Money Laundering/Counter - Terrorism Financing Rules.

Note 2:   For amendment and repeal, see subsection   33(3) of the Acts Interpretation Act 1901 .

  (2)   AML/CTF Rules are legislative instruments.

Ministerial directions with respect to the making of AML/CTF Rules

  (3)   The Minister may give the AUSTRAC CEO a written direction about the exercise of the powers conferred on the AUSTRAC CEO by subsection   (1).

  (4)   The AUSTRAC CEO must comply with a direction under subsection   (3).

 


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