Financial Transaction Reports Act 1988
(Repealed by No 170 of 2006)
View history note
Hide history noteS 36 repealed by No 170 of 2006, s 3 and Sch 1 item 131, effective 13 December 2006. No 170 of 2006, s 3 and Sch 1 items 159 and 160 contained the following transitional provision:
Instrument of appointment
-
AUSTRAC CEO
(1)
This item applies to an instrument of appointment that:
(a)
was in force immediately before the commencement of this item; and
(b)
was made under subsection 36(1) of the
Financial Transaction Reports Act 1988
.
(2)
If the person who held office as Director of AUSTRAC immediately before the commencement of this item remains in office as the AUSTRAC CEO after the commencement of this item, the instrument has effect, after the commencement of this item, as if:
(a)
it had been made under subsection 214(1) of the
Anti-Money Laundering and Counter-Terrorism Financing Act 2006
; and
(b)
a reference in the instrument to the Director of AUSTRAC were a reference to the AUSTRAC CEO.
(3)
This item does not limit section
25B
of the
Acts Interpretation Act 1901
.
Terms and conditions of appointment
-
AUSTRAC CEO
(1)
This item applies to an instrument that:
(a)
was in force immediately before the commencement of this item; and
(b)
was made under subsection 36(2) of the
Financial Transaction Reports Act 1988
.
(2)
If the person who held office as Director of AUSTRAC immediately before the commencement of this item remains in office as the AUSTRAC CEO after the commencement of this item, the instrument (to the extent to which it deals with matters not covered by the
Anti-Money Laundering and Counter-Terrorism Financing Act 2006
) has effect, after the commencement of this item, as if:
(a)
it had been made under section 220 of the
Anti-Money Laundering and Counter-Terrorism Financing Act 2006
; and
(b)
a reference in the instrument to the Director of AUSTRAC were a reference to the AUSTRAC CEO.
(3)
This item does not limit section
25B
of the
Acts Interpretation Act 1901
.
S 36 formerly read:
S 36(1) amended by No 188 of 1991. S 36(2) inserted by No 122 of 1991.
SECTION 36 DIRECTOR
36(1)
The Minister may, in writing, appoint a person to be the Director of AUSTRAC.
36(2)
The Director holds office on such terms and conditions (if any) in respect of matters not provided for by this Act as are determined by the Minister.
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