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.