Civil penalty orders

The AUSTRAC Chief Executive Officer (CEO) may apply for civil penalty orders under section 176 of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act).

If the Federal Court is satisfied that a reporting entity has contravened a civil penalty provision, then the Federal Court may order a pecuniary penalty to be paid to the Commonwealth (under section 175 of the AML/CTF Act).

The pecuniary penalties are:

  • to a body corporate – up to 100,000 penalty units
  • to a person other than a body corporate – up to 20,000 penalty units.
Date Entity Summary Further information
16 March 2017

Tab Limited, Tabcorp Holdings Limited, and Tabcorp Wagering (Vic) Pty Limited ('Tabcorp’)

In July 2015, the AUSTRAC CEO made an application for a civil penalty order under the AML/CTF Act.

On 16 March 2017 the Federal Court ordered Tabcorp to pay a $45 million pecuniary penalty.

Last modified: 16/03/2017 14:22