24/08/2026
What Australia’s New AML/CTF Laws Mean for Property Vendors
Australia’s new anti-money laundering and counter-terrorism financing (AML/CTF) regime is now a reality for the property industry. Since 1 July 2026, certain real estate professionals, conveyancers and other property-related service providers have been brought into the AML/CTF framework.
What does this mean if you’re selling property?
Agents, conveyancers and other regulated businesses may need to conduct customer due diligence, verify identities and ownership information, keep records and report suspicious matters to AUSTRAC.
Expect more questions and paperwork
Vendors may be asked for additional information about their identity, ownership structure and, in some circumstances, the source or destination of funds. This is particularly relevant where a property is owned through a company, trust or other complex structure, or where a transaction presents a higher money-laundering risk.
These checks are designed to help legitimate transactions proceed while making it harder for criminals to use Australian property to conceal or move illicit funds.
Could it slow down a sale?
Potentially. AML/CTF checks can add another compliance step, particularly where ownership is complicated or information needs to be verified. Vendors can help minimise delays by having identification and relevant company or trust documentation readily available and responding promptly to requests from their agent, solicitor or conveyancer.
The bottom line
For property vendors, the biggest change is likely to be more rigorous compliance checks rather than a new tax or selling requirement. If your transaction is straightforward and your documentation is in order, the process should be relatively routine.
However, if your property is held through a trust or company, involves overseas parties or has an unusual funding arrangement, it is worth speaking with your conveyancer or solicitor early.
This article provides general information only and is not legal advice. The application of the AML/CTF regime depends on the services being provided and the circumstances of each transaction.
Hamish
