Commonwealth Numbered Acts

ANTI-MONEY LAUNDERING AND COUNTER-TERRORISM FINANCING ACT 2006 (NO. 169, 2006) - SECT 186

             (1)  The penalty to be specified in an infringement notice relating to an alleged contravention of subsection 53(3) must be a pecuniary penalty equal to:

                     (a)  if the total amount of the physical currency involved in the alleged contravention is $20,000 or more--5 penalty units; or

                     (b)  otherwise--2 penalty units.

             (2)  The penalty to be specified in an infringement notice relating to an alleged contravention of subsection 59(4) must be a pecuniary penalty equal to:

                     (a)  if the total value of the bearer negotiable instruments involved in the alleged contravention is $20,000 or more--5 penalty units; or

                     (b)  otherwise--2 penalty units.