Commonwealth Numbered Acts

ANTI-MONEY LAUNDERING AND COUNTER-TERRORISM FINANCING ACT 2006 (NO. 169, 2006) - SECT 252

             (1)  The Governor‑General may make regulations prescribing matters:

                     (a)  required or permitted to be prescribed by this Act; or

                     (b)  necessary or convenient to be prescribed for carrying out or giving effect to this Act.

Penalties

             (2)  The regulations may prescribe penalties for offences against the regulations. A penalty must not be more than 50 penalty units.

Fees

             (3)  The regulations may make provision for and in relation to fees payable in respect of the performance of a function, or the exercise of a power, by the AUSTRAC CEO.

             (4)  A fee must not be such as to amount to taxation.

             (5)  A fee is payable to the Commonwealth.