Commonwealth Consolidated Acts

ANTI-MONEY LAUNDERING AND COUNTER-TERRORISM FINANCING ACT 2006 - SECT 75H

  (1)   The AML/CTF Rules may make provision for and in relation to the suspension of registrations by the AUSTRAC CEO under this Part.

  (2)   The AML/CTF Rules may provide for matters including, but not limited to, the following:

  (a)   the grounds for suspension of registration;

  (b)   the effect of suspension on registration;

  (c)   the period for which suspensions have effect;

  (d)   the effect of suspension of a registered remittance network provider upon its registered remittance affiliates;

  (e)   making entries in and removing entries from the Remittance Sector Register in relation to suspension;

  (f)   notices of suspension;

  (g)   review of decisions relating to suspension.