(1) There is to be a Chief Executive Officer of AUSTRAC.
(2) The Chief Executive Officer of AUSTRAC may also be known as the AUSTRAC CEO.
(3) The office of Chief Executive Officer of AUSTRAC is, for all purposes, a continuation under that name of the office of Director of AUSTRAC established under the Financial Transaction Reports Act 1988 .
(4) To avoid doubt, a reference in a law of the Commonwealth to the AUSTRAC CEO must, in relation to matters that occurred before the commencement of this section, be construed as a reference to the Director of AUSTRAC.
Note: See also section 25B of the Acts Interpretation Act 1901 .