Document ID: chunk:federal_register_of_legislation:C2025C00044:section:75k
Version: federal_register_of_legislation:C2025C00044
Segment Type: section
Provision Reference: s 75K
Character Range: 251184–253381

75K  Removal of entries from the Remittance Sector Register

Removal on request
 (1) A person who is one or more of the following:
 (a) a registered remittance network provider;
 (b) a registered independent remittance dealer;
 (c) a registered remittance affiliate of a registered remittance network provider;
may request the AUSTRAC CEO, in writing, to remove the entry relating to one or more of the registrations of the person from the Remittance Sector Register.
 (2) If a person makes a request under subsection (1) in relation to one or more registrations, the AUSTRAC CEO must remove from the Remittance Sector Register the entry relating to each registration to which the request relates.

Removal on cessation of registration—remittance network providers
 (3) If a person ceases to be a registered remittance network provider, the AUSTRAC CEO must remove from the Remittance Sector Register:
 (a) the entry relating to the registered remittance network provider; and
 (b) each entry relating to a registered remittance affiliate of the registered remittance network provider.

Removal on cessation of registration—independent remittance dealers and affiliates
 (4) If a person ceases to be a registered independent remittance dealer or a registered remittance affiliate of a registered remittance network provider, the AUSTRAC CEO must remove from the Remittance Sector Register each entry relating to the independent remittance dealer or the remittance affiliate, as the case requires.

Notice of removal—remittance network providers
 (5) The AUSTRAC CEO must, as soon as reasonably practicable, notify a remittance network provider, in writing, if:
 (a) the AUSTRAC CEO removes from the Remittance Sector Register an entry relating to a remittance affiliate of the provider; and
 (b) the removal of the affiliate was not because of the removal of the provider as required by paragraph (3)(b).

Notice of removal—affiliates of remittance network providers
 (6) The AUSTRAC CEO must, as soon as reasonably practicable, notify each affiliate of a remittance network provider, in writing, if the AUSTRAC CEO removes from the Remittance Sector Register the entry relating to the provider.