Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A person who is affected by a decision of the AUSTRAC CEO under section 11 may, if dissatisfied with the decision, request the AUSTRAC CEO to reconsider the decision.
(2) The request must:
(a) be made by notice given to the AUSTRAC CEO within:
(i) the period of 21 days after the day on which the person first receives notice of the decision; or
(ii) any further period that the AUSTRAC CEO allows; and
(b) set out the reasons for making the request.
(3) After receiving the request, the AUSTRAC CEO must review the decision or cause the decision to be reviewed by a person:
(a) to whom the AUSTRAC CEO's power under this section is delegated; and
(b) who was not involved in the making of the decision; and
(c) who occupies a position in AUSTRAC that is senior to that occupied by a person involved in the making of the decision.
(4) Within 42 days after receiving the request, the person reviewing the decision must:
(a) reconsider the decision; and
(b) confirm, revoke or vary the decision, as the person thinks fit.
(5) If the person reviewing the decision does not confirm, revoke or vary the decision within the period of 42 days after receiving the request, he or she is taken to have confirmed the decision under subsection (4) immediately after the end of that period.
(6) The person reviewing the decision must give a notice in writing to the person that made the request that sets out the result of the reconsideration of the decision and gives the reasons for his or her decision.