3‑2 Information about applicant’s design3‑2 Information about applicant’s designated services

3‑2 Information about applicant’s designated services

(1) The application must contain the following information in relation to each kind of designated services provided or proposed to be provided by the applicant: (a) a description of the designated services; (b) the date the applicant commenced to provide, or proposes to provide, the designated services; (c) whether any of the following circumstances apply: (i) the applicant provides, or proposes to provide, the designated services at or through a permanent establishment of the applicant in Australia; (ii) the applicant is a resident of Australia and the designated services are provided, or proposed to be provided, at or through a permanent establishment of the applicant in a foreign country; (iii) the applicant is a subsidiary of a company that is a resident of Australia and the designated services are provided, or proposed to be provided, at or through a permanent establishment of the applicant in a foreign country; (d) information on the industry in which the applicant provides, or proposes to provide, the designated services. (2) If designated services provided, or proposed to be provided, by the applicant are registrable remittance network services, registrable remittance services or registrable virtual asset services, the application must contain information about whether the applicant is, or whether an application has been or will be made for the applicant to be, any of the following: (a) for registrable remittance network services—a registered remittance network provider; (b) for registrable remittance services—a registered independent remittance dealer or a registered remittance affiliate of a registered remittance network provider; (c) for registrable virtual asset services—a registered virtual asset service provider. (3) The application must contain information on whether section 233K of the Act: (a) applies to the applicant; or (b) will apply to the applicant if the applicant provides a designated service proposed to be provided by the applicant.

Note: Under section 233K of the Act, certain provisions of the Act do not apply to a reporting entity that provides certain gambling services in circumstances where the entity and any related entity that is a reporting entity are entitled to operate no more than 15 gaming machines under State or Territory licences.

(4) If all the designated services provided, or proposed to be provided, by the applicant are covered by item 54 of table 1 in section 6 of the Act, the application must contain a statement to that effect.

Note: Item 54 of table 1 in section 6 of the Act covers a holder of an Australian financial services licence who arranges for a person to receive a designated service.