Industry contribution legislation
Some of the entities AUSTRAC regulates may be required to pay an annual industry contribution levy to cover AUSTRAC’s operating costs. Such entities are known as leviable entities.
There are two pieces of relevant legislation, the Australian Transaction Reports and Analysis Centre Industry Contribution Act 2011 and the Australian Transaction Reports and Analysis Centre Industry Contribution (Collection) Act 2011.
Access the legislation
You can find legislation related to the industry contribution levy at the Federal Register of Legislation website:
Amount of contribution: Ministerial Determinations
The formula used to calculate the industry contribution levy payable by a leviable entity for each financial year is set by the relevant Minister.
You can find current and past Ministerial Determinations at the Federal Register of Legislation website:
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