Commonwealth Consolidated Acts

ANTI-MONEY LAUNDERING AND COUNTER-TERRORISM FINANCING ACT 2006 - SECT 76P

  (1)   A person who is registered under this Part must advise the AUSTRAC CEO of the following:

  (a)   any change in circumstances that could materially affect the person's registration;

  (b)   any matters specified in the AML/CTF Rules for the purposes of this paragraph.

  (2)   A person who is required by this section to advise the AUSTRAC CEO of a change in circumstances or a matter must do so:

  (a)   in accordance with the approved form; and

  (b)   within 14 days of the change in circumstances or the matter arising (however described).

Civil penalty

  (3)   Subsection   (1) is a civil penalty provision.