Document ID: chunk:federal_register_of_legislation:F2024C01198:body:0:p216
Version: federal_register_of_legislation:F2024C01198
Segment Type: other
Provision Reference: 
Character Range: 599366–602406

76.13 The AUSTRAC CEO may also suspend a person's registration if reasonable grounds exist on which to commence an action to cancel the registration of the person under section 76J of the AML/CTF Act, and that action has not been completed.

    76.14 As soon as practicable after making a decision to suspend a person's registration, the AUSTRAC CEO must provide the applicant with written notice of:

          1.                the terms of the decision; and

          2.                if the decision is to suspend registration:

             1.         the period of suspension;

             2.         the reasons for the decision; and

             3.         the particulars of the person's right to have the decision reviewed.

        Note: A decision to suspend registration is declared to be a reviewable decision for the purposes of section 233B of the AML/CTF Act.

    76.15 A failure to comply with the requirements of paragraph 76.14 does not affect the validity of the decision.

        Cancellation of registration

    76.16 In determining whether it is appropriate to cancel a person's registration, and without limiting the matters that may be considered, the AUSTRAC CEO may consider the matters outlined in paragraph 76.12.

        Review of reviewable decisions

    76.17 An application to have a decision reviewed does not affect the operation of the decision or prevent the taking of action to implement the decision.

Registered persons to update and correct information

    76.18 If a person registered on the Digital Currency Exchange Register becomes aware:

          1.                of a change that materially affects any information previously provided under this Chapter; or

          2.                that any information or document provided under this Chapter is incorrect, incomplete, or misleading in a material respect,

    the person must advise the AUSTRAC CEO and provide updated information in accordance with subsection 76P(2) of the AML/CTF Act.

        Note: Subsection 76P(2) of the AML/CTF Act provides that a person registered on the Digital Currency Exchange Register who is required to advise the AUSTRAC CEO of a change in circumstances or a matter must do so in accordance with the approved form, and within 14 days of the change in circumstances or the matter arising.

Correction of entries on the Register

    76.19 If the AUSTRAC CEO has reasonable grounds to believe that an entry on the Digital Currency Exchange Register is incorrect, incomplete, or misleading, the AUSTRAC CEO may correct or complete the entry.

    76.20 The AUSTRAC CEO must give written notice to the affected person as soon as practicable after amending an entry, specifying:

         (1) the changes that were made to the entry and the reasons for amendment; and

         (2) the date on which the changes to the entry take effect

Publication of information

    76.21 The AUSTRAC CEO may publish, in any manner or form that is considered appropriate, any or all