4‑15 Registration decisions—other matter

4‑15 Registration decisions—other matters

For the purposes of paragraphs 75C(2)(b) and 76E(2)(b) of the Act, in deciding whether to register a person (the candidate) in accordance with an application made under section 75B or 76D of the Act, the following matters are specified: (a) any offences of which any of the following have been charged or convicted under the law of the Commonwealth, a State or Territory or a foreign country: (i) the candidate; (ii) the key personnel of the candidate; (b) any compliance or non‑compliance by any of the following with the Act or any other law of the Commonwealth, a State or Territory or a foreign country: (i) the candidate; (ii) if the candidate is not an individual—any beneficial owner of the candidate; (iii) if the candidate is a body corporate—any related body corporate (within the meaning of the Corporations Act 2001) of the candidate; (iv) if the registration would be as a remittance affiliate of a registered remittance network provider—the registered remittance network provider; (c) for an application made under subsection 75B(2) by a registered remittance network provider for the candidate to be registered as a remittance affiliate of the registered remittance network provider—whether the consent of the candidate has been obtained; (d) whether the candidate and its key personnel have experience that is appropriate, having regard to: (i) the nature, size and complexity of the candidate’s business; and (ii) the risks of money laundering, financing of terrorism and proliferation financing that the candidate may reasonably face in providing its registrable services; (e) the likelihood of the candidate conducting a business involving the provision of the registrable services; (f) the operational readiness of the candidate in relation to the proposed registration, including its ability to comply with the Act, the regulations and the AML/CTF Rules following registration; (g) the proposed resourcing (including personnel resourcing) of the candidate in relation to the provision of its registrable services.