AUSTRAC Industry Contribution Act
The legislation to enable AUSTRAC to recover the costs of its anti-money laundering and counter-terrorism financing activities from the businesses it regulates is set out in two Acts:
- Australian Transaction Reports and Analysis Centre Industry Contribution Act 2011
- Australian Transaction Reports and Analysis Centre Industry Contribution (Collection) Act 2011
The industry contribution for each financial year is set by way of Ministerial Determination. The determinations can be accessed via the ComLaw website:
- AUSTRAC Industry Contribution Ministerial Determination 2015–16
- AUSTRAC Industry Contribution Ministerial Determination 2014–15
For more information, go to the AUSTRAC industry contribution page.