Legislation

22-JAN-2010

The Australian Transaction Reports and Analysis Centre (AUSTRAC) was established under the Financial Transaction Reports Act 1988 (FTR Act) and continues in existence under section 209 of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act).

The legislation most relevant to the work of AUSTRAC includes:

The FTR Act and the AML/CTF Act place certain obligations on providers of designated financial, bullion and gambling services.

In conjunction with the introduction of the AML/CTF Act, a number of consequential amendments to other Commonwealth legislation, including the FTR Act, were made.

The FTR Act continues to operate in parallel with the AML/CTF Act. The FTR Act will continue to apply to cash dealers who are not reporting entities under the AML/CTF Act.

Legislation to give effect to cost recovery for AUSTRAC's regulatory activities received Royal Assent on 28 June 2011.

01-JUL-2011

Related information

05-MAR-2013

AML/CTF Act in full at ComLaw

FTR Act in full at ComLaw

08-MAR-2013

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