Document ID: chunk:federal_register_of_legislation:F2024C01198:body:0:p144
Version: federal_register_of_legislation:F2024C01198
Segment Type: other
Provision Reference: 
Character Range: 402176–405111

that in relation to activities they undertake to comply with the AML/CTF Act, they will have obligations under the Privacy Act 1988, including the requirement to comply with the Australian Privacy Principles, even if they would otherwise be exempt from the Privacy Act. For further information about these obligations, please go to http://www.oaic.gov.au or call 1300 363 992.

CHAPTER 55 Remittance Sector Register

     55.1 These Anti-Money Laundering and Counter-Terrorism Financing Rules (Rules) are made under section 229 of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) for the purposes of subsection 75(4) of that Act and in reliance on section 4 of the Acts Interpretation Act 1901. These Rules come into effect on the date that section 75 of the AML/CTF Act comes into effect.

     55.2 If the AUSTRAC CEO believes on reasonable grounds that an entry on the Remittance Sector Register (the Register) is incorrect or incomplete, the AUSTRAC CEO may correct or make complete the entry.

          55.3       (1) If the AUSTRAC CEO corrects or makes complete a person's entry on the Register, the AUSTRAC CEO must within 14 days give a written notice to the person; and

       (2)   The notice must set out:

              (a) the changes that the AUSTRAC CEO has made to the entry; and

              (b) the date on which the changes were made.

     55.4 If the circumstances as specified in paragraph 55.2 apply to a registered remittance affiliate, then the written notice as specified in paragraph 55.3 must also be sent to the registered remittance network provider of the registered remittance affiliate.

     55.5 The AUSTRAC CEO may publish on AUSTRAC's website any or all of the information entered on the Register.

Reporting entities should note that in relation to activities they undertake to comply with the AML/CTF Act, they will have obligations under the Privacy Act 1988, including the requirement to comply with the Australian Privacy Principles, even if they would otherwise be exempt from the Privacy Act. For further information about these obligations, please go to http://www.oaic.gov.au or call 1300 363 992.

CHAPTER 56 Information to be included in an application for registration as a remittance network provider, a remittance affiliate of the registered remittance network provider or an independent remittance dealer

    56.1 These Anti-Money Laundering and Counter-Terrorism Financing Rules (Rules) are made under section 229 of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) for the purposes of subsection 75(4) and paragraph 75B(3)(b) of that Act and in reliance on section 4 of the Acts Interpretation Act 1901. Sections 136 and 137 of the AML/CTF Act apply to each paragraph of this Chapter.

    56.2 An application by a person (the applicant) for registration as a remittance network provider must be