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Anti-Money Laundering and Counter-Terrorism Financing Act 2006
252Regulations
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#### 252 Regulations
(1) The Governor‑General may make regulations prescribing matters:
(a) required or permitted to be prescribed by this Act; or
(b) necessary or convenient to be prescribed for carrying out or giving effect to this Act.
Penalties
(2) The regulations may prescribe penalties for offences against the regulations. A penalty must not be more than 50 penalty units.
Fees
(3) The regulations may make provision for and in relation to fees payable in respect of the performance of a function, or the exercise of a power, by the AUSTRAC CEO.
(4) A fee must not be such as to amount to taxation.
(5) A fee is payable to the Commonwealth.