Do conveyancers need to designate an AML/CTF Compliance Officer?
A computed answer from the Rules Mate applicability engine, with the exact condition, the outcome for every structure and size, and the primary source.
Short answer: Yes
Yes. This obligation applies to conveyancers whatever their structure or size. The deciding fact: Tranche 2 industry (Conveyancers) — AML/CTF reporting entity from 1 July 2026.
The obligation in brief
Designate an AML/CTF Compliance Officer. Reporting entities must designate an AML/CTF compliance officer who is employed or engaged at management level, is a fit and proper person, and (where services are provided through an Australian permanent establishment) is an Australian resident. The officer needs sufficient authority, independence and resources.
Trigger: Becoming a reporting entity.
Why conveyancers get a different answer
Rules Mate runs its applicability engine across 9 business structures and 6 size bands for each of the 35 industries it maps. For 27 of those industries the answer for "Designate an AML/CTF Compliance Officer" is no. Conveyancers is one of the 8 where the answer is different: yes.
The deciding fact for conveyancers: Tranche 2 industry (Conveyancers) — AML/CTF reporting entity from 1 July 2026.
About the industry: Licensed conveyancers effecting property transfers and settlements via PEXA.
Compare a professional services (general) business with 6–19 employees structured as a Pty Ltd company: the obligation does not apply (Requires an AML/CTF designated service).
Answer by business structure and size
Each cell is the engine's outcome for a business in conveyancers with that structure and size, assuming it sells to consumers and small businesses and holds customer contact details. "Check" means the obligation turns on a fact the industry does not settle.
| Structure | No employees | 1–5 employees | 6–19 employees | 20–99 employees | 100–499 employees | 500+ employees |
|---|---|---|---|---|---|---|
| Sole trader | Yes | Yes | Yes | Yes | Yes | Yes |
| Partnership | Yes | Yes | Yes | Yes | Yes | Yes |
| Trust | Yes | Yes | Yes | Yes | Yes | Yes |
| Pty Ltd company | Yes | Yes | Yes | Yes | Yes | Yes |
| Public company | Yes | Yes | Yes | Yes | Yes | Yes |
| Not-for-profit (unregistered) | Yes | Yes | Yes | Yes | Yes | Yes |
| Registered charity | Yes | Yes | Yes | Yes | Yes | Yes |
| Super fund | Yes | Yes | Yes | Yes | Yes | Yes |
| Foreign company | Yes | Yes | Yes | Yes | Yes | Yes |
Designated services that catch conveyancers
| AML/CTF Act reference | Service | Customer for due diligence |
|---|---|---|
| s 6 table 6 item 1 | Assisting a person to plan or execute a real estate transaction (not under a court order) | The person assisted |
| s 6 table 6 items 2–4 | Assisting with the sale or purchase of a body corporate or legal arrangement; holding, controlling or managing client money or property for a transaction; equity or debt financing | The person assisted |
- Transfers made under a court order are excluded from table 6 items 1 and 2.
- Leases of 30 years or less, easements, mortgagee interests and standalone licences to occupy are outside the definition of real estate.
AUSTRAC publishes a conveyancer starter kit for non-lawyer conveyancers who handle client funds only for real estate transactions and meet the other suitability criteria.
What the obligation requires
- When due
- Designate within 28 days of first providing a designated service; notify AUSTRAC within 14 days of designation and of any change.
- Evidence to keep
- Designation record; fit-and-proper assessment; position description; AUSTRAC notification record.
- Maximum penalty
- Civil penalties to the AML/CTF Act maximum; AUSTRAC remediation
- Regulator
- AUSTRAC
- Jurisdiction
- Commonwealth (national)
Other obligations where conveyancers differ from the norm
- Customer due diligence (KYC) on every customer: Yes
- Detect + enhance due diligence on Domestic + Foreign PEPs: Yes
- Enrol with AUSTRAC as a reporting entity: Yes
- Maintain a written AML/CTF program: Yes
- Suspicious matter, threshold, and IFTI reporting to AUSTRAC: Yes
- Independent review of AML/CTF program: Yes
- All 11 answers for conveyancers
Other industries with a non-default answer
Questions
- Do conveyancers need to designate an AML/CTF Compliance Officer?
- Yes. This obligation applies to conveyancers whatever their structure or size. The deciding fact: Tranche 2 industry (Conveyancers) — AML/CTF reporting entity from 1 July 2026.
- Is the answer the same for every industry?
- No. For 27 of the 35 industries Rules Mate maps, the answer is no. Conveyancers is one of 8 industries with a different answer.
Related
Sources
- AUSTRAC: official source
- Anti-Money Laundering and Counter-Terrorism Financing Act 2006
- AUSTRAC guidance
- AUSTRAC: Professional designated services (table 6)
- Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (compilation in force 1 Jul 2026)
Computed by the Rules Mate applicability engine from the published obligation corpus; facts last checked 3 October 2026. Rules Mate is not a law firm and this is general information, not legal advice. Confirm your position with the regulator source or a qualified adviser before acting.