Tranche 2 (AML/CTF Reforms)
Tranche 2 is the extension of Australia's anti-money laundering and counter-terrorism financing regime to real estate professionals, lawyers, conveyancers, accountants, and dealers in precious metals and stones. For real estate, the obligations commence on 1 July 2026.
“Tranche 2” refers to the second group of businesses brought under Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) regime by the Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2024. It extends obligations that previously applied mainly to banks and gambling providers to real estate professionals, lawyers and conveyancers, accountants, and dealers in precious metals and stones — the “gatekeeper” professions that handle high-value transactions.
For real estate, the new obligations commence on 1 July 2026. Enrolment with AUSTRAC opened on 31 March 2026, and reporting entities must enrol by 29 July 2026 (or before they first provide a designated service if that is later). The designated services that trigger Tranche 2 are broking the sale, purchase, or transfer of real estate, and selling or transferring real estate as a developer — they centre on the transfer of ownership or control, not the ongoing management of a rental.
A real estate business caught by Tranche 2 must enrol with AUSTRAC, maintain a written AML/CTF program with a money-laundering risk assessment, conduct customer due diligence on the parties it deals with, report suspicious matters and threshold transactions, and keep the supporting records for seven years.
Primary source
AUSTRAC — About AML/CTF reforms →Last reviewed 3 June 2026. Rates, thresholds, and deadlines change — always verify against the primary source before making decisions.
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