Document ID: chunk:federal_register_of_legislation:C2012C00832:clause:1_51b
Version: federal_register_of_legislation:C2012C00832
Segment Type: clause
Provision Reference: sch 1 cl 51B
Character Range: 6369–7325

51B  Reporting entities must enrol
 (1) If a person's name is not entered on the Reporting Entities Roll, the person must:
 (a) if the person provided a designated service during the period of 28 days before the commencement of this section—apply in writing to the AUSTRAC CEO under subsection 51E(1) within 28 days after the commencement of this section; or
 (b) if the person commences to provide a designated service after the commencement of this section—apply in writing to the AUSTRAC CEO under subsection 51E(1) within 28 days after commencing to provide the designated service.
 (2) Subsection (1) does not apply if the person:
 (a) has applied under subsection 51E(1) in relation to the provision of another designated service; and
 (b) has not since requested under section 51G that the AUSTRAC CEO remove the person's name and enrolment details from the Reporting Entities Roll.

Civil penalty
 (3) Subsection (1) is a civil penalty provision.