Commonwealth legislation

Australian Transaction Reports and Analysis Centre Supervisory Cost Recovery Levy Determination 2012 (No. 1)

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

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This Determination fixes 10 February 2012 as the census day for the 2011–12 financial year — the snapshot date used to decide which businesses must pay the annual AUSTRAC Supervisory Levy. It therefore affects any "reporting entity" operating on that day (e.g., banks, casinos, remitters).

It also reminds affected entities that, when collecting information to calculate the levy, they must comply with the Privacy Act 1988 (including the National Privacy Principles).

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Australian Transaction Reports and Analysis Centre Supervisory Cost Recovery Levy Determination 2012 (No. 1)

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Australian Transaction Reports and Analysis Centre Supervisory Cost Recovery Levy Determination 2012 (No. 1)

Australian Transaction Reports and Analysis Centre Supervisory Cost Recovery Levy Act 2011

I, John Lance Schmidt, Chief Executive Officer, Australian Transaction Reports and Analysis Centre, make this Determination for the purpose of paragraph (a) of the definition of 'census day' in subsection 7(1) of the Australian Transaction Reports and Analysis Centre Supervisory Cost Recovery Levy Act 2011.

Dated 31 January 2012

[Signed]

John Lance Schmidt

Chief Executive Officer
Australian Transaction Reports and Analysis Centre

1 Name of Determination

This Determination is the Australian Transaction Reports and Analysis Centre Supervisory Cost Recovery Levy Determination 2012 (No. 1).

2 Commencement

This Determination commences on the day after it is registered.

3 Determination

The census day for the 2011-12 financial year is 10 February 2012.

Persons should note that in relation to activities they undertake to comply with the Australian Transaction Reports and Analysis Centre Supervisory Cost Recovery Levy Act 2011, they will have obligations under the Privacy Act 1988, including the requirement to comply with the National Privacy Principles, even if they would otherwise be exempt from the Privacy Act. For further information about these obligations, please go to http://www.privacy.gov.au or call 1300 363 992.

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

1 Australian Transaction Reports and Analysis Centre Supervisory Cost Recovery Levy Determination 2012 (No. 1)

Australian Transaction Reports and Analysis Centre Supervisory Cost Recovery Levy Determination 2012 (No. 1)

Australian Transaction Reports and Analysis Centre Supervisory Cost Recovery Levy Act 2011

Dated 31 January 2012

[Signed]

John Lance Schmidt

Chief Executive Officer
Australian Transaction Reports and Analysis Centre

1 Name of Determination

This Determination is the Australian Transaction Reports and Analysis Centre Supervisory Cost Recovery Levy Determination 2012 (No. 1).

2 Commencement

This Determination commences on the day after it is registered.

3 Determination

The census day for the 2011-12 financial year is 10 February 2012.