Australian Transaction Reports and Analysis Centre Industry Contribution Determination 2020 (No. 1) (Cth)

Australian Transaction Reports and Analysis Centre Industry Contribution Determination 2020 (No. 1)[1]

Australian Transaction Reports and Analysis Centre Industry Contribution Act 2011

I, Peter Craig Dutton, Minister for Home Affairs, make this Determination under subsection 9(1) of the Australian Transaction Reports and Analysis Centre Industry Contribution Act 2011.

[Signed]

Minister for Home Affairs

25 March 2021

1 Name of Determination

This Determination is the Australian Transaction Reports and Analysis Centre Industry Contribution Determination 2020 (No. 1).

2 Commencement

This Determination commences on the day after it is registered.

3 Definitions

(1) In this Determination:

the Act means the Australian Transaction Reports and Analysis Centre Industry Contribution Act 2011.

ADI (short for authorised deposit-taking institution) has the same meaning as in the AML/CTF Act.

AML/CTF Act means the Anti-Money Laundering and Counter-Terrorism Financing Act 2006.

acquired refers to the acquisition of the business of an entity.

AUSTRAC has the same meaning as in the AML/CTF Act.

AUSTRAC CEO has the same meaning as in the AML/CTF Act.

census day, in relation to the financial year, has the same meaning as in the Act.

earnings, in relation to a leviable entity, means:

(a) if the leviable entity is an ADI or a registered financial corporation – the total profit before tax, depreciation and amortisation (PBTDA), not adjusted for significant items; or

(b) if the leviable entity is a member of a group of leviable entities and any member of that group is an ADI or a registered financial corporation – the total profit before tax, depreciation and amortisation (PBTDA) not adjusted for significant items; or