- By admin
- In Advocacy, Industry News
Registrations with AUSTRAC for newly regulated businesses including real estate are now open
Newly regulated businesses under Tranche 2 of the Anti-Money Laundering and Counter Terrorism Financing (AML/CTF) reforms may now register to enrol with Australian Transaction Reports and Analysis Centre (AUSTRAC). Real estate professionals conducting sales, Buyers Agents, Developers and Project Sales must register by 29th July 2026.
The Tranche 2 of the new AML reforms extends AML/CTF obligations to the abovementioned real estate professionals, requiring them to comply with key obligations to protect their businesses from misuse by criminals.
By 1st July 2026 regulated businesses will need to:
-have an AML/CTF program, either using the program starter kit AUSTRAC has provided or developed independently
-have an AML/CTF compliance officer
-have trained their staff on their AML/CTF program, internal processes and their ML/TF risks
-be ready to engage with their customers and clients and report suspicious matters.
Important links:
AUSTRAC’s guidance on AML/CTF reforms
AUSTRAC’s Program Starter Kits for businesses with 15 employees or less
AUSTRAC’s guide to information you need to prepare for enrolment
REIACT is here to guide members through this significant transition. If you want to understand what your obligations are, please reach out to us at reception@reiact.com.au or to our AML solutions provider First AML. REIACT has also conducted a series of introductory webinars with First AML to help agencies understand AML concepts and their obligations. Please email REIACT if you would like to access the recordings.
