Enrol with AUSTRAC as a reporting entity
Tranche 2 entities must enrol with AUSTRAC by 29 July 2026.
Who must comply
Any entity providing a 'designated service' as defined in the AML/CTF Act 2006, including the six Tranche 2 sectors from 1 July 2026.
What triggers it
Providing a designated service for the first time, or being captured by Tranche 2 reforms from 1 July 2026.
When due
Within 28 days of first providing a designated service. New Tranche 2 entities: 29 July 2026 deadline.
Evidence required
AUSTRAC reporting entity enrolment confirmation, business activity profile, key personnel attestations.
Max penalty
$19,800 per day for non-enrolment (continuing offence)
Effective from
1 July 2026
Summary
From 1 July 2026, Tranche 2 expansion captures real estate agents, accountants, lawyers, conveyancers, trust & company service providers, and precious metals dealers when providing 'designated services'. Enrolment opens 31 March 2026; new reporting entities must complete AUSTRAC enrolment within 28 days of first providing a designated service. Failure to enrol attracts a daily penalty.
Enforced by
Source legislation
Industries
Entity types
Topics
Related obligations
- CWLTHMaintain a written AML/CTF programEvery reporting entity needs a documented AML/CTF program — Part A risk + Part B systems.
- CWLTHCustomer due diligence (KYC) on every customerIdentify and verify every customer (and beneficial owner) before providing a designated service.
- CWLTHSuspicious matter, threshold, and IFTI reporting to AUSTRACLodge SMRs, TTRs ($10K+ cash), and IFTI reports via AUSTRAC Online.
- CWLTHDesignate an AML/CTF Compliance OfficerReporting entities must designate a senior employee as AML/CTF Compliance Officer.
- CWLTHDetect + enhance due diligence on Domestic + Foreign PEPsAML/CTF Rules require detection + EDD on Politically Exposed Persons (foreign + domestic + international organisation).
- CWLTHIndependent review of AML/CTF programReporting entities must arrange independent review of their Part A AML/CTF program at appropriate intervals.
Frequently asked questions
- Who must comply with Enrol with AUSTRAC as a reporting entity?
- Any entity providing a 'designated service' as defined in the AML/CTF Act 2006, including the six Tranche 2 sectors from 1 July 2026.
- What triggers Enrol with AUSTRAC as a reporting entity?
- Providing a designated service for the first time, or being captured by Tranche 2 reforms from 1 July 2026.
- When is Enrol with AUSTRAC as a reporting entity due?
- Within 28 days of first providing a designated service. New Tranche 2 entities: 29 July 2026 deadline.
- What is the maximum penalty for Enrol with AUSTRAC as a reporting entity?
- $19,800 per day for non-enrolment (continuing offence)
- What evidence is required for Enrol with AUSTRAC as a reporting entity?
- AUSTRAC reporting entity enrolment confirmation, business activity profile, key personnel attestations.
Source: https://austrac.gov.au/business/core-guidance/aml-ctf-program. Rules Mate is not a law firm. Always verify against the live regulator source before acting.