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

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Anti-Money Laundering and Counter-Terrorism Financing Rules Amendment Instrument 2007 (No. 1)
Anti-Money Laundering and Counter-Terrorism Financing Act 2006
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
 
NEIL J JENSEN
Chief Executive Officer
Australian Transaction Reports and Analysis Centre
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.
 

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