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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 from 1 July 2026, you had to apply to enrol with AUSTRAC by 29 July 2026 — 28 days after obligations commenced. If you missed it, enrol now: AUSTRAC began issuing notices to apparently unenrolled businesses on 28 August 2026. Enrolment opened 31 March 2026 and is free via AUSTRAC Online. If you first start providing a designated service later, you must enrol within 28 days of starting.
- 4
Notify AUSTRAC of your AML/CTF Compliance Officer
You must also notify AUSTRAC of your AML/CTF compliance officer by the later of 29 July 2026 or 14 days after you enrol. 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.
Related tools
Frequently asked questions
- When does AML/CTF Tranche 2 start?
- Tranche 2 AML/CTF obligations commenced on 1 July 2026 and are in force now. AUSTRAC enrolment opened on 31 March 2026. Enrolment is due 28 days after you first provide a designated service — 29 July 2026 for businesses providing designated services from 1 July 2026. Enrolment does not 'close': a business that starts providing a designated service later must enrol within 28 days of starting.
- 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, document an AML/CTF program (an ML/TF risk assessment plus AML/CTF policies — the reformed structure that replaced the former Part A / Part B model), designate an AML/CTF compliance officer, train staff, conduct customer due diligence including beneficial ownership, monitor transactions, and lodge SMRs (within 3 business days of forming a suspicion, or 24 hours for terrorism financing) and TTRs (10 business days). Your whole program must be independently evaluated at least once every 3 years.
- Does the Privacy Act apply to a small Tranche 2 business?
- Yes, for your AML/CTF activities. Section 6E(1A) of the Privacy Act 1988 treats a small business operator that is an AML/CTF reporting entity as an organisation for those activities, so the Australian Privacy Principles apply to the customer identification and other personal information you handle to meet your AML/CTF obligations, even if your turnover is under $3M. Source: legislation.gov.au/C2004A03712/latest/text.
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