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Timeline

AML/CTF Reform

Anti-money-laundering / counter-terrorism financing reform. Tranche 2 obligations for conveyancers from 2026 — registration with AUSTRAC, customer due diligence programmes, ongoing monitoring.

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  1. Regulation

    AML/CTF Amendment Act 2024 receives Royal Assent

    Parliament passes the AML/CTF Amendment Act 2024, formally extending Tranche 2 anti-money laundering obligations to conveyancers and legal practitioners.

  2. Regulation

    A learning curve: AUSTRAC’s plan for AML/CTF reform

    Anti-Money Laundering and Counter Terrorism Financing law reforms enforced in July 2026 bring serious obligations to conveyancers and other property professionals. But the man overseeing the change doesn’t expect perfection from the get-go.

  3. Regulation

    Tranche 2 obligations commence for all conveyancers

    Tranche 2 obligations officially commence: mandatory AUSTRAC registration, customer due diligence (CDD) programmes, and transaction reporting requirements for all conveyancing firms.

  4. Regulation

    First AUSTRAC compliance and supervisory reviews

    AUSTRAC begins first-wave supervisory audits and compliance reviews across legal and conveyancing practices.

    Upcoming