Document ID: chunk:federal_register_of_legislation:F2024C01198:body:0:p16
Version: federal_register_of_legislation:F2024C01198
Segment Type: other
Provision Reference: 
Character Range: 42671–46307

provision of a designated service to the customers of the law practice;

                  and either:

                  (v) a reporting entity; or

                  (vi) an entity in a foreign country which, if it were resident in Australia would be a reporting entity; or

              (e) Subject to the requirements in paragraph 2.1.2A, be a reporting entity that provides a registrable designated remittance service, either:

                  (i) as a money transfer service provider; or

                  (ii) as a representative of a money transfer service provider pursuant to a representation agreement with a money transfer service provider; or

                  (iii) as a sub-representative of a money transfer service provider pursuant to a sub-representation agreement with the representative of the money transfer service provider.

         2.1.2A The following conditions apply to a reporting entity that elects to form or vary a designated business group with other reporting entities pursuant to subparagraph 2.1.2(4)(e):

              (1) a person who meets the criteria specified at subparagraph 2.1.2(4)(e)(i) may form or vary a designated business group with one of the following:

                  (a) a person or persons with whom they have a representation agreement; or

                  (b) (i) a person with whom they have a
                  representation agreement; and

                      (ii) a person or persons with whom the person described at subparagraph 2.1.2A(1)(b)(i) has a sub-representation agreement.

              (2)  a person who meets the criteria specified at subparagraph 2.1.2(4)(e)(ii) may form or vary a designated business group with one of the following:

                  (a) the person with whom they have a representation agreement; or

                  (b) (i) the person with whom they have a
                  representation agreement; and

                      (ii) a person or persons who have a representation agreement with the person described at subparagraph 2.1.2A(2)(b)(i); or

                  (c) (i) a person or persons who meet the conditions
                  specified at subparagraph 2.1.2(4)(e)(iii); and

                      (ii) with whom they have a sub-representation agreement; or

                  (d) (i) the person with whom they have a representation
                   agreement; and

                  (ii) (A) a person or persons who meet the
                           conditions specified at subparagraph 2.1.2(4)(e)(iii); and

                           (B) with whom they have a sub-representation agreement.

              (3) a person who meets the conditions specified at subparagraph 2.1.2(4)(e)(iii) may form or vary a designated business group with one of the following:

                  (a)  the person with whom they have a sub-representation agreement; or

                  (b)  (i) the person with whom they have a
                  sub-representation agreement; and

                      (ii) a person or persons who have a sub-representation agreement with the same person described at subparagraph 2.1.2A(3)(a); or

                  (c) (i) the person with whom they have a
                  sub-representation agreement; and

                      (ii) the person with whom the person described at subparagraph 2.1.2A(3)(c)(i) has a representation agreement; or

                  (d) (i) the person with whom they have a
                  sub-representation agreement; and

                      (ii) the person with whom the person described at subparagraph 2.1.2A(3)(d)(i) has a representation