4‑30 Determining renewal application4‑30 Determining renewal application

4‑30 Determining renewal application

If an application for renewal of a person’s registration is made in accordance with sections 4‑28 and 4‑29 of this instrument, the AUSTRAC CEO must decide to renew the registration if the AUSTRAC CEO is satisfied that it is appropriate to do so, having regard to: (a) whether the renewed registration of the person would involve a significant money laundering, financing of terrorism or other serious crime risk; and (b) whether section 75M or 76P of the Act (as applicable) has been complied with in relation to the registration, and whether the person’s enrolment details and registrable details, as advised to the AUSTRAC CEO, are correct and up‑to‑date; and (c) whether the AUSTRAC CEO reasonably suspects that any information contained in the application: (i) is false or misleading in a material particular; or (ii) omits any matter or thing without which the information is misleading in a material particular; and (d) whether the person is carrying on a business that involves providing registrable services; and (e) whether the person continues to have the operational capability necessary to comply with the Act, the regulations and the AML/CTF Rules.