(1) The Australian Transaction Reports and Analysis Centre established under the Financial Transaction Reports Act 1988 continues in existence by force of this subsection, under and subject to the provisions of this Act.
(2) The Australian Transaction Reports and Analysis Centre may also be known as AUSTRAC.
(3) AUSTRAC consists of:
(a) the AUSTRAC CEO; and
(b) the staff of AUSTRAC.
Note: AUSTRAC does not have a legal identity separate from the Commonwealth.