AML/CTF Rules
The AML/CTF Rules are subsidiary legislative instruments made under the AML/CTF Act. The AML/CTF Rules provide the detail for the broader obligations set out in the AML/CTF Act. Their official title is the Anti-Money Laundering and Counter-Terrorism Financing Rules Instrument 2007 (No. 1).
Access the AML/CTF Rules
You can find the AML/CTF Rules at the Federal Register of Legislation website:
How Rules are made
The AML/CTF Rules are made by the AUSTRAC CEO and then registered on the Federal Register of Legislation. Changes to the AML/CTF Rules are made through individual Amendment Instruments, which are then combined into a single compilation of the full text of the AML/CTF Rules.
All amendments to the AML/CTF Rules are developed in consultation with relevant government agencies, industry and other stakeholders.
Explanatory statements
Each Amendment Instrument that adds to or changes the existing compilation of AML/CTF Rules must be accompanied by an ‘explanatory statement’. The explanatory statement provides a plain English explanation of the reasons for making the instrument, summarises its likely impact and effect, and gives a detailed provision-by-provision description of how it is expected to operate.
See explanatory statements to the AML/CTF Rules, by category.
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.