Statement of Expectations and Statement of Intent

Commonwealth regulators, including AUSTRAC, are accountable to the Parliament, including through Senate Estimates and Australian National Audit Office (ANAO) scrutiny.

In addition, Ministers set out their expectations and guidance on how regulators fulfil their statutory roles through Ministerial Statements of Expectations. These Statements are issued by the responsible Minister to a regulator, or an entity with regulatory functions, to provide greater clarity about government policies and objectives relevant to the regulator’s statutory objectives and how it conducts its operations.

The regulator responds to a Ministerial Statement of Expectations with a Regulator Statement of Intent that, in turn, identifies how it will deliver on the Government’s expectations. The current Statement of Expectations and Statement of Intent for AUSTRAC can be found below:

For further information on how AUSTRAC assesses and reports its regulatory performance, please see our Corporate Plans and Annual Reports.

The content on this website is general and is not legal advice. Before you make a decision or take a particular action based on the content on this website, you should check its accuracy, completeness, currency and relevance for your purposes. You may wish to seek independent professional advice.

Last updated: 16 May 2024
Page ID: 774

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