Document ID: chunk:federal_register_of_legislation:C2025C00044:section:75g
Version: federal_register_of_legislation:C2025C00044
Segment Type: section
Provision Reference: s 75G
Character Range: 248076–249269

75G  Cancellation of registration
 (1) The AUSTRAC CEO may cancel the registration of a person if the AUSTRAC CEO is satisfied that it is appropriate to do so, having regard to:
 (a) whether the continued registration of the person involves, or may involve, a significant money laundering, financing of terrorism, people smuggling or other serious crime risk; or
 (b) one or more breaches by the person of a condition of registration; or
 (c) such other matters (if any) as are specified in the AML/CTF Rules under this paragraph.
Note: A decision to cancel a registration is reviewable (see Part 17A).
 (1A) The AUSTRAC CEO may also cancel the registration of a person if the AUSTRAC CEO has reasonable grounds to believe that the registered person no longer carries on a business that gives rise to the requirement to be registered under this Part.
 (2) The cancellation of the registration of a person takes effect on the day specified in the notice given to the person under subsection 233C(1).
 (3) The AUSTRAC CEO may publish, in the manner specified in the AML/CTF Rules, a list of the names of persons whose registration has been cancelled and the date the cancellation takes effect.