Commonwealth Consolidated Acts

ANTI-MONEY LAUNDERING AND COUNTER-TERRORISM FINANCING ACT 2006 - SECT 185

  (1)   An infringement notice must:

  (a)   set out the name of the person to whom the notice is given; and

  (b)   set out the name of the person who gave the notice; and

  (c)   set out brief details relating to the alleged contravention of the infringement notice provision, including the date of the alleged contravention; and

  (d)   contain a statement to the effect that neither criminal nor civil penalty proceedings will be brought in relation to the matter if the penalty specified in the notice is paid to the AUSTRAC CEO, on behalf of the Commonwealth, within:

  (i)   28 days after the notice is given; or

  (ii)   if the AUSTRAC CEO allows a longer period--that longer period; and

  (e)   give an explanation of how payment of the penalty is to be made; and

  (f)   set out such other matters (if any) as are specified in the regulations.

Note:   See sections   186A and 186B for the penalty to be specified in the infringement notice.

  (2)   An infringement notice may specify more than one alleged contravention of one or more infringement notice provisions. If it does so, the infringement notice must set out the details referred to in paragraph   (1)(c) in relation to each alleged contravention.