Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Upon receiving an application under section 233D, the AUSTRAC CEO must reconsider the reviewable decision.
(2) The AUSTRAC CEO must:
(a) affirm, vary or revoke the reviewable decision; and
(b) if the AUSTRAC CEO revokes the reviewable decision, make such other decision (if any) as the AUSTRAC CEO thinks appropriate.
(3) The AUSTRAC CEO's reconsideration must be done by the AUSTRAC CEO personally, or by a person to whom the AUSTRAC CEO's power under this section is delegated who:
(a) was not involved in making the reviewable decision; and
(b) occupies a position in AUSTRAC that is senior to that occupied by any person involved in making the reviewable decision.
(4) The AUSTRAC CEO must, as soon as practicable after making a decision under subsection (2), give written notice to the applicant of:
(a) the decision; and
(b) if the decision is to cancel a person's registration--the date the cancellation takes effect; and
(c) the reasons for the decision; and
(d) a statement setting out particulars of the applicant's right to have the decision reviewed by the Administrative Review Tribunal.
(5) A decision of the AUSTRAC CEO under subsection (2) has effect (except for the purposes of section 233B) as if it were made under the provision under which the reviewable decision was made.