23/06/2026
From 1 July 2026, Australian real estate professionals, including sales agents, buyer's agents and property developers, are required to comply with new Anti-Money Laundering and Counter-Terrorism Financing laws under the Federal Government's "Tranche 2" reforms. These changes bring the real estate industry in line with obligations that banks have followed for many years.
What does this mean for you?
If you're buying or selling property, you may notice a few additional steps during the sales process, including:
✅ Identity verification checks
✅ Confirmation of ownership and beneficial ownership structures
✅ Requests for information regarding the source of funds used for a purchase
✅ Additional documentation for trusts, companies or overseas entities
✅ Enhanced due diligence for higher-risk transactions
As these laws come into effect, our team is committed to making the process as smooth as possible while ensuring compliance with all regulatory requirements. If you're planning to buy or sell property and have questions about the new AML requirements, we're here to help.
Reach out to our team for more information and guidance on what you'll need before entering the market.
