Anti-Money Laundering and Counter-Terrorism Financing Act 2006
75ERegistration may be subject to conditions
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75E Registration may be subject to conditions
(1) The AUSTRAC CEO may, in writing, impose conditions to which the registration of a person under this Part is subject.
Note: A decision to impose a condition is reviewable (see Part 17A).
(2) Without limiting the conditions that the AUSTRAC CEO may impose under subsection (1), the conditions may relate to the following: (a) the volume of funds remitted (whether by reference to a particular time, a particular amount or otherwise); (b) the destination (however described) of funds remitted; (c) requiring notification of particular changes in circumstances.
Note: Section 75M imposes a general obligation in relation to notification of changes in circumstances.