Not regulated
Based on your selection, your business doesn't appear to be in an industry or profession that typically provides designated services regulated by us.
However, businesses in other industries and professions can still be regulated if they provide a designated service.
Next steps
If you're unsure if you're regulated, you should use our other resources to help you work this out and consider getting independent legal advice.
You can review:
Record keeping
If you determine your business isn't regulated, we expect you to be able to explain the basis for that conclusion.
If you think you're not regulated, but aren't certain, we expect you to keep a record that explains how you formed your position including:
- the services you considered
- why you concluded they're not designated services
- any AUSTRAC guidance you relied on
- any independent legal advice you used.
This will assist you if you're later asked to explain how you reached that view.
If you're clearly not regulated, you could explain your reasoning without needing to keep any records.