25/06/2026
If you advise on property or business transactions, the money laundering rules are about to reach you.
From 1 July 2026, lawyers, conveyancers, accountants and real estate professionals come under Australia's anti-money laundering and counter-terrorism financing regime, regulated by AUSTRAC. It follows the AML/CTF Amendment Act, passed by Parliament on 29 November 2024.
In practice, affected businesses will need to enrol with AUSTRAC and meet new obligations from that date. For clients, that means more identity and source-of-funds checks on property and business deals.
It is a significant change, and the time to understand it is before it starts, not after.
If you want to understand how the reform affects your transactions, speak with us today: https://www.tnslawyers.com.au/contact/
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