Commonwealth Numbered Acts

COMBATING THE FINANCING OF PEOPLE SMUGGLING AND OTHER MEASURES ACT 2011 (NO. 60, 2011) - SCHEDULE 4

1  After section 41

Insert:

41A   Exemptions by the AUSTRAC CEO

             (1)  The AUSTRAC CEO may, by written instrument, exempt a specified person from one or more specified provisions of this Act.

Note:          For specification by class, see the Acts Interpretation Act 1901 .

             (2)  An exemption may apply:

                     (a)  unconditionally; or

                     (b)  subject to specified conditions.

             (3)  A person to whom a condition specified in an exemption applies must comply with the condition.

             (4)  A copy of an exemption must be made available on AUSTRAC's website.

             (5)  An instrument under subsection (1) is not a legislative instrument.