Commonwealth Coat of Arms of Australia

 

Electoral and Referendum Amendment (AUSTRAC) Regulations 2020

I, General the Honourable David Hurley AC DSC (Retd), GovernorGeneral of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following regulations.

Dated 17 December 2020

David Hurley

GovernorGeneral

By His Excellency’s Command

Simon Birmingham

Minister for Finance

 

 

 

Contents

1 Name

2 Commencement

3 Authority

4 Schedules

Schedule 1—Amendments

Electoral and Referendum Regulation 2016

1  Name

  This instrument is the Electoral and Referendum Amendment (AUSTRAC) Regulations 2020.

2  Commencement

 (1) Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Commencement information

Column 1

Column 2

Column 3

Provisions

Commencement

Date/Details

1.  The whole of this instrument

The day after this instrument is registered.

23 December 2020

Note: This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.

 (2) Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.

3  Authority

  This instrument is made under the Commonwealth Electoral Act 1918.

4  Schedules

  Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.

Schedule 1Amendments

 

Electoral and Referendum Regulation 2016

1  Clause 1 of Schedule 1 (table item 11)

Repeal the item, substitute:

 

11

Australian Transaction Reports and Analysis Centre

(a) detecting, deterring or disrupting money laundering, the financing of terrorism or other serious crimes; or

(b) retaining, compiling, analysing or disseminating AUSTRAC information (within the meaning of the AntiMoney Laundering and CounterTerrorism Financing Act 2006); or

(c) advising or assisting reporting entities in relation to their obligations under any of the following:

(i) the AntiMoney Laundering and CounterTerrorism Financing Act 2006 or a legislative instrument made under that Act;

(ii) the Financial Transaction Reports Act 1988 or a legislative instrument made under that Act; or

(d) promoting, investigating or enforcing compliance by reporting entities with their obligations under an Act or instrument mentioned in paragraph (c)