Document ID: chunk:federal_register_of_legislation:C2017A00130:clause:1_63
Version: federal_register_of_legislation:C2017A00130
Segment Type: clause
Provision Reference: sch 1 cl 63
Character Range: 33376–33994

63  Subsection 191(2)
Repeal the subsection, substitute:
 (2) The AUSTRAC CEO may give the reporting entity a written direction requiring the reporting entity to do one or both of the following:
 (a) to take specified action directed towards ensuring that the reporting entity does not contravene the civil penalty provision, or is unlikely to contravene the civil penalty provision, in the future;
 (b) in the case of a contravention of subsection 43(2), 45(2) or 47(2)—to take specified action to remedy the contravention by giving the relevant report to the AUSTRAC CEO within a period specified in the direction.