I, NEIL J JENSEN, Chief Executive Officer, Australian Transaction Reports and Analysis Centre, make this Instrument under section 229 of the Anti-Money Laundering and Counter-Terrorism Financing  Act 2006.

Dated 22 June  2007

1 Name of Instrument

  This Instrument is the Anti-Money Laundering and Counter-Terrorism Financing Rules Amendment Instrument 2007 (No. 1).

2 Commencement

  This Instrument commences on the day after it is registered.

3 Amendment

  Schedule 1 amends the Anti-Money Laundering and Counter-Terrorism Financing Rules Instrument 2007 (No.1).

Schedule 1 Amendment

1 After Chapter 10

insert

Chapter 11

11.1  These Rules are made under section 229 of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (the AML/CTF Act) for subsection 47(1) of the AML/CTF Act.  They specify the reporting period and the lodgment period for a compliance report under subsection 47(1) of the AML/CTF Act.

11.2  For paragraph 47(1)(a) of the AML/CTF Act, a reporting period is the period beginning on 13 December 2006 and ending on 31 December 2007.

11.3  For paragraph 47(1)(b) of the AML/CTF Act, the lodgment period for a reporting period is the period of 3 months beginning at the end of the reporting period.