Registration as a remittance service provider (remittance network provider or independent remittance dealer) (Australia)
The Registration as a remittance service provider (remittance network provider or independent remittance dealer) is issued by Australian Transaction Reports and Analysis Centre (AUSTRAC) under Anti-Money Laundering and Counter-Terrorism Financing Act 2006. The application fee is AUD 0 (no government application fee). Ownership changes need the regulator's approval before completion.
At a glance
| Official name | Registration as a remittance service provider (remittance network provider or independent remittance dealer)1 |
|---|---|
| Issued by | Australian Transaction Reports and Analysis Centre |
| Jurisdiction | Australia |
| Licence family | Money transmitter / money services business (MSB) |
| Legal basis | Anti-Money Laundering and Counter-Terrorism Financing Act 20061 Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 20242 |
| Passporting | Domestic only |
| Application fee | AUD 0 (no government application fee)3 |
What it lets you do
- Money remittance. Receiving funds from a payer solely to transfer them to a payee or another provider, without opening payment accounts.
- Currency exchange. Buying and selling foreign currency for customers, in cash or electronically, as a bureau de change or FX service.
Where it is valid
Buying a company that already holds it
Notification only. No percentage-based ownership threshold applies. Registered remittance providers and VASPs must notify AUSTRAC of any change to beneficial owners or key personnel: including new personnel's police checks and any criminal/civil enforcement history: within 14 days of the change, via AUSTRAC Online. This is post-completion notification, not prior approval; AUSTRAC can still suspend, cancel or impose conditions on the registration if it considers the new ownership or personnel pose a money-laundering, terrorism-financing or other serious-crime risk. Legal basis: AML/CTF Act 2006 (Cth).4
Ready-made companies holding this licence: see verified positions.
Laws behind it
- Anti-Money Laundering and Counter-Terrorism Financing Act 2006: Act No. 169, 2006 (Cth), registered compilation C2026C00274
Sources
- legislation.gov.au: text · retrieved 2026-09-24
- legislation.gov.au: text · retrieved 2026-09-24
- moneytransferlicence.com.au: is austrac registration free or paid · secondary · retrieved 2026-09-24
- austrac.gov.au: update your details · retrieved 2026-09-24
Want the MSB licence in Australia?
Tell us your business model and target markets. We check the fit before you spend on an application, then handle the licence end to end.
A free preliminary assessment: we check your business model against the licence before you spend on an application. We handle this licence and any other fintech licence, including jurisdictions the Atlas does not cover yet.