Commonwealth Consolidated Acts

AUSTRALIAN TRANSACTION REPORTS AND ANALYSIS CENTRE INDUSTRY CONTRIBUTION (COLLECTION) ACT 2011 - SECT 11

  (1)   The AUSTRAC CEO may, on behalf of the Commonwealth, if the AUSTRAC CEO considers it is appropriate to do so, waive the payment of the whole or a part of an amount of levy or late payment penalty (or both) that is payable by a person.

  (2)   The AUSTRAC CEO may do so on his or her own initiative or on written application by a person.