Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The AUSTRAC CEO may, by writing, make rules (the AML/CTF Rules ) prescribing matters required or permitted by any other provision of this Act to be prescribed by the AML/CTF Rules.
Note 1: AML/CTF Rules is short for Anti - Money Laundering/Counter - Terrorism Financing Rules.
Note 2: For amendment and repeal, see subsection 33(3) of the Acts Interpretation Act 1901 .
(2) AML/CTF Rules are legislative instruments.
Ministerial directions with respect to the making of AML/CTF Rules
(3) The Minister may give the AUSTRAC CEO a written direction about the exercise of the powers conferred on the AUSTRAC CEO by subsection (1).
(4) The AUSTRAC CEO must comply with a direction under subsection (3).