For the purposes of Volume 5 (Specialised Licensees), carrying on a regulated money changer services by way of business means:

(a) Undertaking one or more of the activities specified in Paragraph AU-1.1.8 for commercial gain;
(b) Holding oneself out as willing and able to engage in that activity; or
(c) Regularly soliciting other persons to engage in transactions constituting that activity.
October 2010