Everything Australian accountants, lawyers, real estate agents, conveyancers and precious metals dealers need to know about their AUSTRAC obligations from 1 July 2026.
New businesses regulated under Tranche 2
Tranche 2 obligations commenced
AUSTRAC enrolment deadline
CDD record keeping required
Tranche 2 is the second phase of Australia's AML/CTF reform. It extends obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 to professional services previously unregulated.
Prior to 1 July 2026, Australia's AML/CTF regime applied to approximately 17,000 businesses mainly banks, financial institutions, casinos and remittance providers. Tranche 2 expands this to approximately 90,000 additional businesses including accountants, lawyers, real estate agents, conveyancers, precious metals dealers and trust and company service providers.
When providing company registrations, trust formations, business sales and equity financing.
When handling property transactions, client funds, company formations and trust deeds.
When acting in the purchase, sale or transfer of real property on behalf of a buyer or seller.
Dealers in gold, silver, diamonds and other precious items above transaction thresholds.
Providers who form companies, act as registered agents, nominee directors or registered office providers.
When establishing SMSFs, investment structures or managing client assets in certain circumstances.
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