s 45
In forceInternational value transfer services
Part 5Obligations relating to transfers of value
Division 4International value transfer services and transfers of value involving unverified self‑hosted virtual asset wallets
45 International value transfer services
(1)
A service is an international value transfer service if:
(a)
the service is covered by item 29 or 30 of table 1 in section 6; and
(b)
either:
(i)
the value to be transferred is in Australia and, as a result of the provision of the service, the value will be in a foreign country; or
(ii)
the value to be transferred is in a foreign country and, as a result of the provision of the service, the value will be in Australia.
(2)
For the purposes of subsection (1), the AML/CTF Rules may specify the circumstances in which the value is in a country.
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