AUSTRAC
AUSTRAC is the Australian Transaction Reports and Analysis Centre, Australia's anti-money laundering and counter-terrorism financing regulator and financial intelligence unit. From 1 July 2026 it regulates real estate professionals as reporting entities under the Tranche 2 reforms.
AUSTRAC (the Australian Transaction Reports and Analysis Centre) is Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) regulator and its financial intelligence unit. It administers the Anti-Money Laundering and Counter-Terrorism Financing Act 2006, enrols and supervises reporting entities, collects suspicious matter and threshold transaction reports, and can audit a business’s records and impose civil penalties for non-compliance.
From 1 July 2026, the Tranche 2 reforms bring real estate professionals — selling agents, buyers’ agents, and property developers — under AUSTRAC supervision for the first time. A real estate business that provides a designated service (broking the sale, purchase, or transfer of real estate) becomes a reporting entity and must enrol with AUSTRAC, maintain a written AML/CTF program, conduct customer due diligence, report suspicious matters, and keep records.
For property professionals the practical AUSTRAC obligation that lasts longest is record-keeping: customer due diligence evidence, the AML/CTF program, risk assessments, and report copies must be retained for seven years and produced if AUSTRAC examines the business. Routine residential property management and leasing — collecting rent, arranging repairs, managing tenancies — is not a designated service and is not regulated by AUSTRAC.
Primary source
AUSTRAC (Australian Transaction Reports and Analysis Centre) →Last reviewed 3 June 2026. Rates, thresholds, and deadlines change — always verify against the primary source before making decisions.
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