(1) Reporting entities are entities, for the purposes of paragraph (d)(v) of the definition of designated business group in section 5 of the Act, if—
(2) For the purposes of this regulation,—
money transfer agent, in relation to a money transfer provider, means a reporting entity that has a representation agreement with a money transfer provider
money transfer provider means a person who, under a representation agreement, authorises a money transfer agent to carry on money transfer services on behalf of the money transfer provider and to engage sub-agents for the purpose of carrying on those services in New Zealand
money transfer services means the provision of remittance services that are carried on, otherwise than by a bank, under a single brand, trade mark, or business name
representation agreement means a written agreement between a money transfer provider and a money transfer agent, or between a money transfer agent and a sub-agent, that states the terms on which the money transfer agent, or the sub-agent, carries on money transfer services within New Zealand
sub-agent means a reporting entity that has a representation agreement with a money transfer agent.