Commonwealth Numbered Acts

ANTI-MONEY LAUNDERING AND COUNTER-TERRORISM FINANCING ACT 2006 (NO. 169, 2006) - SECT 229

             (1)  The AUSTRAC CEO may, by writing, make rules (the AML/CTF Rules ) prescribing matters required or permitted by any other provision of this Act to be prescribed by the AML/CTF Rules.

Note 1:       AML/CTF Rules is short for Anti‑Money Laundering/Counter‑Terrorism Financing Rules.

Note 2:       For amendment and repeal, see subsection 33(3) of the Acts Interpretation Act 1901 .

             (2)  AML/CTF Rules are legislative instruments.

Ministerial directions with respect to the making of AML/CTF Rules

             (3)  The Minister may give the AUSTRAC CEO a written direction about the exercise of the powers conferred on the AUSTRAC CEO by subsection (1).

             (4)  The AUSTRAC CEO must comply with a direction under subsection (3).