Real estate professionals are a headline Tranche 2 group. From 1 July 2026, brokering the sale, purchase or transfer of real estate — acting as agent for a buyer or seller — is a designated service that makes an agency a reporting entity with AUSTRAC obligations.
Routine residential property management — collecting rent on behalf of landlords — is generally not a designated service on its own. So a pure rent-roll business may sit outside the regime, while a sales agency is squarely inside it. Many agencies do both, so check each part of your business.
Designated services for real estate agents
If you provide any of these, you're likely a reporting entity:
- 1Brokering the sale, purchase or transfer of real estate
- 2Acting as a selling agent for a vendor
- 3Acting as a buyer's agent
- 4Facilitating property transactions where you introduce and negotiate between parties
What you'll need to do
- 1Enrol with AUSTRAC (enrolment opened 31 March 2026)
- 2Appoint an AML/CTF Compliance Officer
- 3Complete a money-laundering / terrorism-financing risk assessment
- 4Develop and maintain an AML/CTF program
- 5Carry out customer due diligence (KYC) and verify beneficial owners
- 6Monitor transactions and report suspicious matters, large cash transactions and international transfers
- 7Keep records for seven years and train your staff
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Check your exact obligations
Answer 3 quick questions for a personalised result and downloadable checklist.
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