Document ID: chunk:federal_register_of_legislation:C2024A00110:clause:8_45
Version: federal_register_of_legislation:C2024A00110
Segment Type: clause
Provision Reference: sch 8 cl 45
Character Range: 163603–164202

45  International value transfer services
 (1) A service is an international value transfer service if:
 (a) the service is covered by item 29 or 30 of table 1 in section 6; and
 (b) either:
 (i) the value to be transferred is in Australia and, as a result of the provision of the service, the value will be in a foreign country; or
 (ii) the value to be transferred is in a foreign country and, as a result of the provision of the service, the value will be in Australia.
 (2) For the purposes of subsection (1), the AML/CTF Rules may specify the circumstances in which the value is in a country.