Commonwealth Consolidated Acts

ANTI-MONEY LAUNDERING AND COUNTER-TERRORISM FINANCING ACT 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.