Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) This section applies if the AUSTRAC CEO believes on reasonable grounds that a person has information or a document that is relevant to:
(a) compliance with this Act, the regulations or the AML/CTF Rules; or
(b) an offence against the Crimes Act 1914 or the Criminal Code that relates to this Act, the regulations or the AML/CTF Rules.
(2) The AUSTRAC CEO may, by written notice given to the person, require the person:
(a) to produce to the AUSTRAC CEO, within the period and in the manner specified in the notice, any such documents; or
(b) to appear before an examiner at the time and place specified in the notice:
(i) for examination under this Division, on oath or affirmation and to answer questions; and
(ii) to produce any such documents.
(3) The notice must:
(a) if paragraph (2)(b) applies--state the general nature of the matter to which the questions will relate; and
(b) in any case set out the effect of subsections (4) and 172F(1).
(4) A person commits an offence if the person intentionally or recklessly fails to comply with a notice under subsection (2).
Penalty: Imprisonment for 2 years or 100 penalty units, or both.