Document ID: chunk:federal_register_of_legislation:F2024C01198:body:0:p145
Version: federal_register_of_legislation:F2024C01198
Segment Type: other
Provision Reference: 
Character Range: 404872–407708

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 made by an authorised individual on behalf of the applicant and:

         (1) contain the information set out in Part A of Schedule 1 to this Chapter; and

         (2) obtain and retain the information set out in Part B of Schedule 1 to this Chapter; and

         (3) include a declaration made by the authorised individual that each of the key personnel of the applicant has been subject to, and satisfied, the employee due diligence program of the applicant; and

         (4) include a declaration made by the authorised individual that the information provided in Schedule 1 of this Chapter is true, accurate and complete.

    56.3 An application made by a registered remittance network provider (the applicant) for another person (other person) to be registered as a remittance affiliate of the applicant, must be made by an authorised individual on behalf of the applicant and:

         (1) contain the information set out in Part A of Schedule 2 to this Chapter; and

         (2) obtain and retain the information set out in Part B of Schedule 2 to this Chapter; and

         (3) include a declaration made by the authorised individual that the applicant has assessed the other person and its key personnel in accordance with the applicant's obligations and that person's obligations under the AML/CTF Act and AML/CTF Rules; and

         (4) include a declaration made by the authorised individual that the information provided in Schedule 2 of this Chapter is true, accurate and complete.

    56.4 An application by a person (the applicant) for registration as an independent remittance dealer must be made by an authorised individual on behalf of the applicant and:

         (1) contain the information set out in Part A of Schedule 3 to this Chapter; and

         (2) obtain and retain the information set out in Part B of Schedule 3 to this Chapter; and

         (3) include a declaration made by the authorised individual that each of the key personnel of the applicant has been subject to the employee due diligence program of the applicant; and

         (4) include a declaration made by the authorised individual that the information provided in Schedule 3 of this Chapter is true, accurate and complete.

    56.5 An application made by an independent remittance dealer (the applicant) for registration as a remittance affiliate of a registered network provider must be made by an authorised individual on behalf of the applicant and:

         (1) contain the information set out in Part A of Schedule 3 to this Chapter; and

         (2) obtain and