Registration as an Affiliate Designated Remittance Provider - Australian Government

Service summary

You will require this registration if you intend to provide remittance services through a remittance network operated by a registered remittance network provider.

A remittance service involves using agents to transfer money from people in Australia, to pay people in another country. Remittance services may use their own electronic payment system, or other informal systems, allowing international money transfers to take place outside conventional banking. You are providing a remittance service if you are a non-financier and:

  • You accept an instruction for the transfer of money or property under a remittance arrangement; or
  • You make money or property available, or arrange for it to be available, to a transferee under a remittance arrangement.

Remittance network providers are not:

  • An authorised deposit taking institution;
  • A bank;
  • A building society; or
  • A credit union.

Please consult the Contact Officer for more information.

Service type

Licence

A licence defines the need to obtain recognition / certification and registration to undertake a certain business activity.

Eligibility requirements

To be eligible for this registration you must:

  • Obtain the consent of the relevant registered remittance network provider;
  • Be a registered independent remittance dealer; or
  • Be in the process of applying for registration as a registered independent remittance dealer; and
  • Provide information to AUSTRAC about their remittance business and key personnel;
  • Keep certain records about their business; and
  • Obtain and keep national police certificates for key personnel.

Key personnel in the business need to obtain a national police certificate (or foreign equivalent), prior to a registration application being submitted to AUSTRAC.

Please consult the Contact Officer for more information regarding eligibility requirements.

Duration

Ongoing.

Fees

 TypeDescription
ApplyApplication

Please consult the Contact Officer for information on fees to be submitted.

Forms

 Resources
Apply

Application for Registration as a Remittance Affiliate of a Registered Remittance Network Provider - Please consult the Contact Officer for information on forms to be submitted.

Administering agency

Australian Transaction Reports and Analysis Centre
Operations
Compliance

Act(s) name

Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Australian Government)

Contact details

Help Desk
Australian Transaction Reports and Analysis Centre
Operations
Compliance


Mailing address:
PO BOX 13173
Law Courts, Victoria 8010

Phone:

1300021037

Fax:

02 99500054
help_desk@austrac.gov.au

Supporting information

Disclaimer

The information contained on the Australian Business Licence and Information Service (ABLIS) web site, or via packages or other sources is intended for general guidance only.

To the full extent permitted by law, the Federal, State, Territory and Local Governments make no representations or warranties (expressed or implied) in relation to the information, including its accuracy, currency or completeness.

The business information provided does not constitute professional or legal advice, nor is the use of any third party resource an endorsement of the information contained, the associated organisation, product or service. It is recommended that you obtain appropriate professional and /or independent legal advice to ensure that the material provided here is relevant to your particular circumstances.

To the full extent permitted by law the Federal, State, Territory and Local Governments, their employees and agents do not accept any liability for any reason, including without limitation, liability in negligence, to any person for the general information which is provided herein, or in respect of anything, including the consequences of anything done, or not done, by any such person in whole or partial reliance upon the information.