Document ID: chunk:federal_register_of_legislation:C2017A00130:clause:1_66
Version: federal_register_of_legislation:C2017A00130
Segment Type: clause
Provision Reference: sch 1 cl 66
Character Range: 34321–34837

66  After subsection 191(3)
Insert:
 (3A) The AUSTRAC CEO:
 (a) must not act under paragraph (2)(b) if it appears to the AUSTRAC CEO that the contravention occurred more than 24 months before the day on which a direction would be issued; and
 (b) must not act under paragraph (2)(b) unless the AUSTRAC CEO has:
 (i) assessed the risks that have arisen in view of the contravention; and
 (ii) determined that giving a direction under that paragraph is an appropriate and proportionate response in the circumstances.