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Australian Transaction Reports and Analysis Centre Supervisory Cost Recovery Levy (Consequential Amendments) Bill 2011

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2010 - 2011

 

 

 

THE PARLIAMENT OF THE COMMONWEALTH OF AUSTRALIA

 

 

 

HOUSE OF REPRESENTATIVES

 

 

 

AUSTRALIAN TRANSACTION REPORTS AND ANALYSIS CENTRE SUPERVISORY COST RECOVERY LEVY BILL 2011

 

AUSTRALIAN TRANSACTION REPORTS AND ANALYSIS CENTRE SUPERVISORY COST RECOVERY LEVY (COLLECTION) BILL 2011

 

AUSTRALIAN TRANSACTION REPORTS AND ANALYSIS CENTRE SUPERVISORY COST RECOVERY LEVY (CONSEQUENTIAL AMENDMENTS) BILL 2011

 

 

 

CORRECTION TO THE

EXPLANATORY MEMORANDUM

 

 

NOTES ON CLAUSES

 

AUSTRALIAN TRANSACTION REPORTS AND ANALYSIS CENTRE SUPERVISORY COST RECOVERY LEVY (CONSEQUENTIAL AMENDMENTS) BILL 2011

 

SCHEDULE 1 - AMENDMENT OF THE Anti-Money Laundering and Counter-Terrorism Financing Act 2006, Item 2 - clause 51B

 

Second line , omit ‘within 28 days before or after the commencement of the section, or after commencing to provide a designated service.’ substitute ‘If the entity provides a designated service within 28 days before the commencement of the clause 51B, the entity has 28 days after the commencement of clause 51B to enrol.  If an entity commences to provide designated services after the commencement of clause 51B, they have 28 days from the date on which they commenced to provide the designated services to enrol.’

 

 

(Circulated by authority of the Minister for Justice,  

the Hon Brendan O’Connor MP)