Commonwealth Numbered Acts Commonwealth Numbered Acts(1) The AUSTRAC CEO may accept any of the following undertakings:
(a) a written undertaking given by a person that the person will, in order to comply with this Act, the regulations or the AML/CTF Rules, take specified action;
(b) a written undertaking given by a person that the person will, in order to comply with this Act, the regulations or the AML/CTF Rules, refrain from taking specified action;
(c) a written undertaking given by a person that the person will take specified action directed towards ensuring that the person does not contravene this Act, the regulations or the AML/CTF Rules, or is unlikely to contravene this Act, the regulations or the AML/CTF Rules, in the future.
(2) The undertaking must be expressed to be an undertaking under this section.
(3) The person may withdraw or vary the undertaking at any time, but only with the consent of the AUSTRAC CEO.
(4) The AUSTRAC CEO may, by written notice given to the person, cancel the undertaking.
(5) The AUSTRAC CEO may publish the undertaking on its Internet site.