You must notify AUSTRAC when your declared earnings figure changes from the previous year to ensure you will be invoiced the correct amount (if anything) for your industry contribution levy. You must do this within 14 days of finalising your annual financial reports or statements.

Calculating your earnings

If you are an authorised deposit-taking institution (ADI), or related to an ADI, your earnings comprise profit before tax, depreciation and amortisation (PBTDA). If you are not an ADI, your earnings comprise earnings before interest, tax, depreciation and amortisation (EBITDA). Note that in both cases, earnings is not gross revenue.

The calculating earnings fact sheet, available in Word (933KB) or PDF (418KB) has detailed information on what earnings you need to report and how to calculate them.

How to update your business earnings

Update your business details through your AUSTRAC Online account.

1. Log in to AUSTRAC Online.
2. Select My Business, then Open the update business profile form to edit your details. Some of your details will be auto-filled. 
3. You can view your current details via the Industry Contribution tab to navigate to the Industry Contribution page. 
4. Update your business's details and select Submit when complete.
5. Once you have submitted the form, select Download receipt to save a copy of the completed form for your records. You will also receive a link to the PDF copy of the completed from via email. 

For further assistance, view the Quick reference guide: How to update your details (PDF, 820KB).