AML/CTF Tranche 2 Reforms Are Here
Australia's anti-money laundering laws now extend to real estate. If you're a buyer's agent, you need KYC verification, due diligence processes, and AUSTRAC compliance today.
Who is affected?
Tranche 2 applies to professionals involved in property transactions across Australia.
Individuals
Up to $6.26M
20,000 penalty units
Body Corporates
Up to $31.3M
100,000 penalty units
Key Dates and Ongoing Obligations
Obligations started on 1 July 2026. Here is what comes next, and where AgentHub helps.
1 July 2026
AML/CTF obligations start for buyer's agents
Customer due diligence, a written AML/CTF program and AUSTRAC reporting now apply to your agency.
AgentHub: Identity and business verification, source-of-funds checks, PEP and sanctions screening, and AUSTRAC-ready SMR and TTR preparation are built in.
Every client, every day
Customer due diligence and records
Verify customers, watch for changes in risk, report suspicious matters and keep records for seven years.
AgentHub: Every check, risk assessment and report is logged as you work, with seven-year retention.
1 July 2026 to 30 June 2027
Your first compliance reporting period
AUSTRAC compliance reports now cover the financial year, starting with 2026-27.
AgentHub: Your verification records, risk assessments and SMR and TTR registers build up in one place through the year.
1 July to 30 September 2027
First annual compliance report to AUSTRAC
Lodged in AUSTRAC Online within 3 months of the financial year ending, then every year.
AgentHub: The checks, risk assessments and registers the report asks about are already on record.
30 June 2029 to 31 December 2030
First independent evaluation of your AML/CTF program
Sometimes called an AML audit. Your first deadline depends on the last two digits of your AUSTRAC account number (AAN); after that, at least once every 3 years, by someone not involved in running your program.
AgentHub: Tracks your evaluation due date and keeps the audit-ready evidence your evaluator reviews.
Dates from AUSTRAC guidance on annual compliance reports and the AML/CTF Transitional Rules 2026. Your agency remains the reporting entity.
7 Things Every Buyer Agent Must Do
These are the core obligations under Tranche 2. Non-compliance carries significant penalties.
AUSTRAC Enrolment
Enrol your business with AUSTRAC now. Provide structure details, appoint a compliance officer, and maintain your enrolment.
AML/CTF Program
Develop and maintain a written, risk-based compliance program tailored to your agency’s operations and client base.
Customer Verification (KYC)
Conduct identity checks and assess money laundering, terrorism financing, and proliferation financing risk factors for all transaction participants.
Ongoing Due Diligence
Monitor client activity continuously. Maintain records for a minimum of seven years. Flag changes in risk profile.
Suspicious Activity Reporting
Submit Suspicious Matter Reports (SMRs) within 72 hours. File Threshold Transaction Reports (TTRs) for cash transactions exceeding $10,000.
Staff Training
Ensure your team understands red flags, reporting procedures, and their obligations through role-specific training modules.
Record Management
Document all procedures, decisions, identity checks, and compliance evidence. Maintain audit-ready records at all times.
AgentHub Has You Covered
AgentHub 360 builds AML/KYC compliance directly into your existing workflow: no separate systems, no extra admin.
Identity Verification Built Into Onboarding
When you onboard a new buyer, AgentHub prompts you to collect and verify identity documents as part of the standard workflow. No separate KYC tool needed.
Risk Assessment at Every Stage
Automated risk flags based on transaction value, buyer profile, and property type. You’ll see alerts before they become compliance issues.
Audit-Ready Record Keeping
Every identity check, risk assessment, and client interaction is logged automatically. Seven-year retention built in. Always ready for AUSTRAC review.
Compliance Dashboard
See your entire compliance status in one view — who’s verified, who’s pending, what’s overdue. No spreadsheets, no guesswork.
One platform for your whole agency
Everything a buyer's agency runs on, in one subscription. No separate subscriptions for due diligence, reports, a client portal or Calendly.
From
$249+ GST
per month
Identity checks
From $10 per individual and $35 per business
- No setup fee
- 14-day free trial
- Initial data migration included in $0 setup
Included. No separate subscription.
- Due diligence and location intelligenceBushfire, flood, heritage, zoning and ABS data in every state, plus development applications (DAs) in most states.Instead of a separate property research subscription
- Client-ready reportsProperty showcases with cash flow and comparables, shared with one tap.Instead of a separate reporting tool
- BuyerHub client portalA branded portal and buyer app so clients follow their journey in real time.Instead of a separate client portal
- Booking linksClients book calls and meetings straight into your calendar.Instead of Calendly
- AML/CTF complianceIdentity and business verification, PEP and sanctions screening, SMR and TTR preparation.Instead of a separate AML subscription
- Email and SMS campaignsTemplated outreach to selling agents and buyers, with delivery tracking.Instead of a separate email marketing tool
Prices in Australian dollars.
AUSTRAC Guidance & Starter Kits
The Australian Government has published guidance and a starter kit to help you understand your obligations.
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