Document ID: chunk:federal_register_of_legislation:F2024C01198:body:0:p195
Version: federal_register_of_legislation:F2024C01198
Segment Type: other
Provision Reference: 
Character Range: 539557–542634

information, or for omitting any matter or thing without which the information is misleading.

     Remittance Affiliate

    70.5 An application for renewal of the registration of a registered remittance affiliate of a registered remittance network provider must be made by an authorised individual of the registered remittance network provider and contain a declaration that:

         (1) the registration details of the registered remittance affiliate as they appear on the Remittance Sector Register are correct and current at the time of the declaration;

         (2) the enrolment details of the registered remittance affiliate as they appear on the Reporting Entities Roll are correct and current at the time of the declaration;

         (3) the remittance affiliate has complied with the requirements of section 75M of the AML/CTF Act and the Schedule to Chapter 60 of the AML/CTF Rules;

         (4) the authorised individual has notified the AUSTRAC CEO as to whether the remittance affiliate and any of its key personnel have been:

              (a) charged, prosecuted and/or convicted in relation to money laundering, financing of terrorism, terrorism, people smuggling, fraud, a serious offence, an offence under the AML/CTF Act, or an offence under the Financial Transaction Reports Act 1988 (FTR Act);

              (b) subject of a civil penalty order made under the AML/CTF Act;

              (c) the subject of civil or criminal proceedings or enforcement action, in relation to the management of an entity, or commercial or professional activities, which were determined adversely to the remittance affiliate or any of its key personnel (including by the remittance affiliate or any of its key personnel consenting to an order or direction, or giving an undertaking, not to engage in unlawful or improper conduct) and which reflected adversely on the competence, diligence, judgement, honesty or integrity of the remittance affiliate or any of its key personnel;

         (5) the remittance network provider has obtained consent from the remittance affiliate for it to be registered as a remittance affiliate of the remittance network provider;

         (6) the information given in the declaration is true, accurate and complete; and

         (7) the applicant understands that criminal or civil penalties may apply for giving false or misleading information, or for omitting any matter or thing without which the information is misleading.

     Provisional continuation of registration

    70.6 If an application has been made to the AUSTRAC CEO for the renewal of registration of a person:

         (1) within the application period specified in paragraph 70.2; and

         (2) the application contains the declarations required under paragraphs 70.3, 70.4 or 70.5, as applicable;

    the registration of the person will continue in effect until the later of the following times:

         (3) where the AUSTRAC CEO has decided the application for renewal of registration of the person under paragraph 70.9 and has given