Document ID: chunk:federal_register_of_legislation:C2025C00044:section:173
Version: federal_register_of_legislation:C2025C00044
Segment Type: section
Provision Reference: s 173
Character Range: 415418–416404

173  Simplified outline
  The following is a simplified outline of this Part:

         • Pecuniary penalties are payable for contraventions of civil penalty provisions.
         • Authorised officers, customs officers and police officers may issue infringement notices for unreported cross‑border movements of monetary instruments.
         • The AUSTRAC CEO is to monitor compliance by reporting entities with their obligations under this Act, the regulations and the AML/CTF Rules.
         • The AUSTRAC CEO may give a remedial direction to a reporting entity that has contravened a civil penalty provision.
         • The Federal Court may grant injunctions in relation to contraventions of civil penalty provisions.
         • The AUSTRAC CEO may accept enforceable undertakings.
         • Customs officers and police officers may exercise powers of questioning, search and arrest in connection with a cross‑border movement of monetary instruments.

Division 2—Civil penalties