Document ID: chunk:federal_register_of_legislation:C2011A00060:clause:1_22
Version: federal_register_of_legislation:C2011A00060
Segment Type: clause
Provision Reference: sch 1 cl 22
Character Range: 12210–13028

22  Section 73
Omit:

         • A person must not provide a registrable designated remittance service unless the person's name is entered on the Register of Providers of Designated Remittance Services.
substitute:

         • This Part provides for a tiered system of registration for providers of registrable remittance network services and providers of registrable designated remittance services.
         • Division 2 sets out offences and civil penalties in relation to the provision of registrable remittance network services and registrable designated remittance services by persons who are not registered.
         • Division 3 requires the AUSTRAC CEO to maintain the Remittance Sector Register and sets out the process of applying for registration.
         • Division 4 provides for review of decisions.