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AML/CTF Tranche 2 — am I captured?
From 1 July 2026, AML/CTF capture extends to real estate agents, accountants, lawyers, conveyancers, trust & company service providers, and precious metals dealers — when they provide a 'designated service'. Answer the questions below for a clear yes / no, the specific designated services that trigger you, and the obligations that follow.
Do I enrol, and by when?
AML/CTF Tranche 2 obligations commenced 1 July 2026. If you provide a designated service, you must apply to enrol with AUSTRAC by 29 July 2026 — 28 days after commencement. This applies to sole traders and small firms too.
- 1
Confirm you provide a designated service
Use the scope checker above. If you provide even one Tranche 2 designated service (e.g. a real estate agent handling a sale, a conveyancer, an accountant forming companies, or a dealer selling precious metals over $10,000), you are a reporting entity — sole traders included.
- 2
Note when your obligations started
Tranche 2 AML/CTF obligations commenced 1 July 2026. If you were already providing a designated service on that day, you are captured from 1 July 2026.
- 3
Apply to enrol with AUSTRAC by 29 July 2026
If you provided a designated service on or after 1 July 2026, you must apply to enrol with AUSTRAC by 29 July 2026 — 28 days after obligations commenced. Enrolment opened 31 March 2026 and is free via AUSTRAC Online. If you first start providing a designated service after 29 July 2026, you must enrol within 28 days of starting.
- 4
Notify AUSTRAC of your AML/CTF Compliance Officer
You must also notify AUSTRAC of your appointed AML/CTF Compliance Officer by 29 July 2026. Have your ABN/ACN, beneficial-owner details and Compliance Officer contact ready before you start the enrolment form.
Source: AUSTRAC — preparing for the changes if you’re newly regulated ↗
Related AML/CTF pages
AML/CTF Tranche 2 hub
Everything for the 1 July 2026 start — programs, CDD, reporting and deadlines in one place.
AUSTRAC enrolment deadline — 29 July 2026
The one-off enrolment cut-off with a prep checklist and .ics reminder.
Tranche 2 commencement — 1 July 2026
When the five new sectors become AUSTRAC reporting entities.
AUSTRAC reporting deadlines table
SMR, TTR, IFTI and annual compliance report lodgement timeframes once you're enrolled.
AUSTRAC enrolment walkthrough
Step-by-step through the AUSTRAC Online enrolment form.
This tool implements the Tranche 2 scope rules in the AML/CTF Amendment Act 2024 and AUSTRAC's public guidance. It is a reference tool, not legal advice. AUSTRAC and a qualified AML lawyer should be consulted before making enrolment decisions.
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Frequently asked questions
- When does AML/CTF Tranche 2 start?
- The AML/CTF obligations commence 1 July 2026. AUSTRAC enrolment opens 31 March 2026 and closes 29 July 2026 for the first wave.
- Which sectors are captured by Tranche 2?
- Real estate agents, lawyers + conveyancers, accountants + tax advisers, trust and company service providers (TCSPs), and dealers in precious metals + stones — when they provide a listed 'designated service'.
- What is a 'designated service'?
- A specific activity listed in the AML/CTF Act — e.g. assisting with real-estate transactions, forming companies or trusts, managing client money, or selling precious metals over $10,000. Providing one designated service brings you into the regime.
- What do I have to do if I'm captured?
- Enrol with AUSTRAC, build an AML/CTF Program (Part A + Part B), appoint a Compliance Officer, conduct customer due diligence including beneficial ownership, monitor transactions, and lodge SMRs (24h) + TTRs (10 business days).
Not sure which obligations apply to you?
Run the Compliance Fingerprint — a 2-minute structured assessment that maps your business to every obligation, deadline and regulator that triggers.
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