Review of the AUSTRAC industry contribution levy arrangements
The AUSTRAC industry contribution levy is an annual payment that some reporting entities must pay to cover AUSTRAC’s operating costs.
A 2014 amendment to the Australian Transaction Reports and Analysis Centre Industry Contribution (Collection) Act 2011 required that the levy be independently reviewed four years after the amendment.
The report detailing the review, including recommendations, was tabled in the Australian Parliament—the House of Representatives on 4 July 2019 and the Senate on 3 July 2019.
Download the Review of the AUSTRAC industry contribution levy arrangements report (PDF, 1.3MB)
This guidance sets out how we interpret the Act, along with associated Rules and regulations. Australian courts are ultimately responsible for interpreting these laws and determining if any provisions of these laws are contravened.
The examples and scenarios in this guidance are meant to help explain our interpretation of these laws. They’re not exhaustive or meant to cover every possible scenario.
This guidance provides general information and isn't a substitute for legal advice. This guidance avoids legal language wherever possible and it might include generalisations about the application of the law. Some provisions of the law referred to have exceptions or important qualifications. In most cases your particular circumstances must be taken into account when determining how the law applies to you.