Clause 166 also relates to the cost-recovery scheme for FINTRAC's compliance activities. This includes the obligation for FINTRAC to ascertain those expenses and to assess a portion of them to regulated entities. It also would provide FINTRAC with the power to prepare an interim assessment.
Most of the details of this scheme would be prescribed by regulation, and there will be later clauses that speak to that.
(Clause 166 adopted on division)