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Industries/Lawyers & solicitors/NSW

Lawyers & solicitors compliance in New South Wales

Federal + NSW-specific compliance obligations for lawyers & solicitors businesses operating in New South Wales.

5

Total obligations

1

NSW-specific

20

NSW regulators

NSW-specific obligations

NSW + VIC solicitor trust account requirements
Solicitors holding client trust money face strict trust account + audit requirements.

Federal obligations also applicable

Enrol with AUSTRAC as a reporting entity
Tranche 2 entities must enrol with AUSTRAC by 29 July 2026.
Trust account audit + ASIC / state regulator submission
Holders of client trust accounts (real estate, legal, conveyancing) must lodge annual audited accounts.
Conduct conveyancing via PEXA (e-conveyancing) where mandated
Most state property transactions must be lodged electronically via PEXA or sympli.
Maintain a written AML/CTF program
Every reporting entity needs a documented AML/CTF program — Part A risk + Part B systems.

NSW payroll tax →NSW land tax →NSW stamp duty →NSW WHS →

Need the federal-only picture?

See national lawyers & solicitors compliance for the full federal picture.