Combating the Financing of People Smuggling and Other Measures Act 2011 (60 of 2011)

Schedule 4

Insert:

41A Exemptions by the AUSTRAC CEO

(1) The AUSTRAC CEO may, by written instrument, exempt a specified person from one or more specified provisions of this Act.

Note: For specification by class, see the Acts Interpretation Act 1901.

(2) An exemption may apply:

(a) unconditionally; or

(b) subject to specified conditions.

(3) A person to whom a condition specified in an exemption applies must comply with the condition.

(4) A copy of an exemption must be made available on AUSTRAC’s website.

(5) An instrument under subsection (1) is not a legislative instrument.