Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The Australian Transaction Reports and Analysis Centre established under the Financial Transaction Reports Act 1988 continues in existence by force of this subsection, under and subject to the provisions of this Act.
(2) The Australian Transaction Reports and Analysis Centre may also be known as AUSTRAC.
(3) AUSTRAC consists of:
(a) the AUSTRAC CEO; and
(b) the staff of AUSTRAC.
Note: AUSTRAC does not have a legal identity separate from the Commonwealth.
(4) For the purposes of the finance law (within the meaning of the Public Governance, Performance and Accountability Act 2013 ):
(a) AUSTRAC is a listed entity; and
(b) the AUSTRAC CEO is the accountable authority of AUSTRAC; and
(c) the following persons are officials of AUSTRAC:
(i) the AUSTRAC CEO;
(ii) the staff of AUSTRAC referred to in section 224;
(iii) consultants engaged under subsection 225(1);
(iv) persons whose services are made available to the AUSTRAC CEO under subsection 225(3); and
(d) the purposes of AUSTRAC include:
(i) the function of AUSTRAC referred to in section 210; and
(ii) the functions of the AUSTRAC CEO referred to in section 212.