Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) This regulation sets out what a person who is holding an asset must do if the person forms an opinion (a notifiable opinion ) that:
(a) the asset is a controlled asset; or
(b) the asset, having been a controlled asset, or having been previously treated by the person as a controlled asset, is not, or is no longer, a controlled asset.
(2) Paragraph (1)(b) does not apply if:
(a) the asset has been removed from the document mentioned in regulation 22; or
(b) all designated persons and entities associated with the asset have been removed from the document.
(3) As soon as practicable after a person forms a notifiable opinion, the person must inform the AFP of:
(a) the asset about which the opinion was formed; and
(b) as much information about the asset (including information about the owner or controller of the asset) as is known to the person; and
(c) the reasons for the opinion.