Real estate agents compliance in Victoria

Hold a current real estate agent licence (state-specific)

Selling agents must hold a current licence issued by their state fair trading regulator.

Trust account audit + ASIC / state regulator submission

Holders of client trust accounts (real estate, legal, conveyancing) must lodge annual audited accounts.

Maintain a written AML/CTF program

Every reporting entity needs a documented AML/CTF program — Part A risk + Part B systems.

Enrol with AUSTRAC as a reporting entity

Tranche 2 entities must enrol with AUSTRAC by 29 July 2026.

Wash outbound marketing lists against the Do Not Call Register

Lists must be washed within 30 days of the call/SMS unless valid consent.

Avoid unfair contract terms in standard form consumer & small business contracts

From November 2023, unfair contract terms carry pecuniary penalties — up to $100M per term (from 28 March 2026).

Comply with the Spam Act 2003 (consent, identify, unsubscribe)

All commercial electronic messages must have consent, identify the sender, and offer a working unsubscribe.