Commonwealth Consolidated Acts

FINANCIAL TRANSACTION REPORTS ACT 1988 - SECT 41A

  (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.