Document ID: chunk:federal_register_of_legislation:F2024C01198:body:0:p197
Version: federal_register_of_legislation:F2024C01198
Segment Type: other
Provision Reference: 
Character Range: 544976–547941

control of the applicant, a remittance affiliate of the applicant, or any other person;

         (4) the kinds of designated services provided by the applicant or by a remittance affiliate of the applicant;

         (5) the consent of a remittance affiliate of the applicant, if applicable; and

         (6) any other matter that the AUSTRAC CEO considers is relevant to the renewal of registration of the person.

     Notice of decision on renewal of registration

    70.11 The AUSTRAC CEO must, as soon as practicable after making a decision under paragraph 70.9, give written notice to the person of:

         (1) the decision to renew the person's registration in accordance with paragraph 70.9(1); or

         (2) the decision not to renew the person's registration in accordance with paragraph 70.9(2).

    70.12 If the AUSTRAC CEO decides to renew the registration of a person, the notice of that decision must:

         (1) be given to:

              (a) the person; and

              (b) if the person is a remittance affiliate, the registered remittance network provider of that affiliate; and

         (2) contain the date the decision was made by the AUSTRAC CEO, the terms of the decision and the date the decision will take effect; and

         (3) if applicable, detail the conditions to which the renewed registration is subject.

    Note: Section 75E of the AML/CTF Act allows the AUSTRAC CEO to impose conditions to which the registration of a person is subject.

    70.13 If the AUSTRAC CEO decides not to renew the registration of a person, the notice of that decision must:

         (1) be given to:

              (a) the person; and

              (b) if the person is a remittance affiliate, the registered remittance network provider of that affiliate;

         and contain:

         (2) the date the decision was made by the AUSTRAC CEO;

         (3) the terms of the decision;

         (4) the reasons for the decision;

         (5) the date which the registration of the person will cease to have effect; and

         (6) a statement setting out particulars of the person's right to have the decision reviewed.

     Period for which registration will be renewed

    70.14 If the AUSTRAC CEO decides to renew the registration of a person, the renewed registration will commence on the date of effect specified in the notice of the decision to renew the registration pursuant to paragraph 70.9(1), and will cease at the earliest of the following times:

         (1) three years after the date of effect specified in the notice; or

         (2) if any of paragraphs 75F(1)(a), (b), (d) and (e) of the AML/CTF Act apply – the relevant earlier date determined in accordance with these paragraphs.

    Note: Paragraph 75J(2)(g) of the AML/CTF Act allows the AUSTRAC CEO to make AML/CTF Rules to specify the period for which renewed registrations have effect.

     Review of decision to