Summary
Introduced with the Australian Transaction Reports and Analysis Centre Supervisory Cost Recovery Levy (Collection) Amendment Bill 2014, the bill amends the
Australian Transaction Reports and Analysis Centre Supervisory Cost Recovery Levy Act 2011
to implement a new industry contribution to fund the regulatory and financial intelligence unit functions of the Australian Transaction Reports and Analysis Centre by: enabling the minister to determine the amount of levy payable by legislative instrument; and setting a statutory limit on the contribution amount levied.