03/06/2026
🚨 Big changes are coming for the Australian real estate industry.
From 1 July 2026, new AUSTRAC AML/CTF (Anti-Money Laundering and Counter-Terrorism Financing) obligations will apply to real estate professionals, including agents, buyer’s agents, and property developers. These reforms are designed to strengthen compliance, improve transparency, and reduce the risk of financial crime within property transactions.
What does this mean for real estate professionals? 👇
✔ Increased client identity verification requirements (KYC)
✔ Source of funds and due diligence checks
✔ Record-keeping and compliance obligations
✔ Suspicious matter reporting requirements
✔ New AUSTRAC enrolment and regulatory responsibilities
While these reforms may introduce additional processes, they also present an opportunity for agencies and property professionals to strengthen trust, reduce risk, and future-proof their operations.
If you're in real estate, now is the time to start preparing, not scrambling at the last minute.
Read the full blog here:
https://www.dwadminco.com/blog-page/new-austrac-aml-legislation-coming-into-effect-from-1-july-2026-nbsp-what-real-estate-professionals-need-to-know