Australia · AML/CTF Tranche 2 Reforms
Are you caught by the AML/CTF Tranche 2 reforms?
From 1 July 2026, hundreds of thousands of Australian businesses — accountants, lawyers, real estate agents, bookkeepers and trust/company service providers — fall under AUSTRAC's regime for the first time. Take the free 3-step self-assessment and get a personalised compliance checklist in minutes.
until obligations commence (1 July 2026)
No sign-up required · Takes ~2 minutes · Results stay in your browser
Step 1 — What type of business are you?
Choose the option that best describes your main activity.
Step 2 — Which of these services do you provide?
Tick every service you provide to clients. These are based on AUSTRAC's list of designated services. Tick none if none apply.
Step 3 — Your customer & risk profile
These don't change whether you're caught, but they shape your risk level and obligations.
Want this checklist emailed to you?
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🗓️ Key dates
- 31 March 2026 — AUSTRAC enrolment opened
- 1 July 2026 — new obligations commence
- Annually — review your status as your services change
👥 Who is affected (Tranche 2)
- Accountants & bookkeepers
- Lawyers & conveyancers
- Real estate professionals
- Trust & company service providers
- Dealers in precious metals & stones
✅ What you'll get
- A likely "reporting entity" determination
- A personalised obligation checklist
- A priority timeline & AUSTRAC links
- A downloadable PDF for your records
Frequently asked questions
What is AML/CTF Tranche 2 and when does it start?
Tranche 2 expands Australia's Anti-Money Laundering and Counter-Terrorism Financing regime to lawyers, accountants, real estate professionals, trust and company service providers, and dealers in precious metals and stones. Enrolment with AUSTRAC opened on 31 March 2026 and the new obligations commence on 1 July 2026.
Do I need to register with AUSTRAC?
If your business provides one or more designated services listed in the AML/CTF Act, you are a reporting entity and must enrol with AUSTRAC. This self-assessment helps you work out whether the services you provide are likely to be designated services. It's general information only — not legal advice.
Is property management a designated service?
Brokering the sale, purchase or transfer of real estate is a designated service. Routine residential property management (collecting rent on behalf of landlords) is generally not, on its own. Because the boundaries can be fine, confirm your specific activities against AUSTRAC's guidance.
What are my obligations once I'm a reporting entity?
Enrol with AUSTRAC; appoint an AML/CTF Compliance Officer; complete a money-laundering/terrorism-financing risk assessment; develop an AML/CTF program; carry out customer due diligence (KYC) and ongoing monitoring; submit reports (suspicious matter reports, threshold transaction reports for cash of $10,000+, and international funds transfer reports); and keep records for seven years.
Is this tool legal advice?
No. AML Ready provides general information to help you understand the reforms. It is not legal, financial or compliance advice and does not create an adviser-client relationship. Always confirm your obligations with AUSTRAC and a qualified professional.