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ANTI-MONEY LAUNDERING AND COUNTER-TERRORISM FINANCING ACT 2006 - SECT 76S

Steps to be taken by AUSTRAC CEO before making certain reviewable decisions

  (1)   Before making a reviewable decision under section   76E, 76G or 76J in relation to a person, the AUSTRAC CEO must give a written notice to the person containing:

  (a)   the terms of the proposed decision; and

  (b)   if the proposed decision is to cancel a registration--the date on which the cancellation is proposed to take effect; and

  (c)   the reasons for the proposed decision; and

  (d)   a statement that the person may, within 28 days of the giving of the notice, make a submission under this section in relation to the proposed decision.

  (2)   The AUSTRAC CEO is not required to give a notice under this section if the AUSTRAC CEO is satisfied that it is inappropriate to do so because of the urgency of the circumstances.



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