03/06/2026
Buying or selling property? New compliance checks are coming.
From 1 July 2026, Australia’s AML/CTF laws are expected to expand into the property industry.
This means lawyers and conveyancers may need to ask purchasers and sellers for additional information during their transaction.
You may be asked to provide things like:
• ID documents
• company, trust or SMSF documents
• authority documents
• details about beneficial ownership
• information about the source of funds in some cases
These changes are designed to help prevent property transactions being used for money laundering.
To help avoid delays, it is important to provide requested documents as early as possible and respond promptly to any questions from your lawyer or conveyancer.
Nagisa, our superstar conveyancer, has prepared a short article explaining what purchasers and sellers need to know about the upcoming changes. You can read more here: https://ferraro.com.au/aml-ctf-reform/
This post is general information only and should not be considered legal advice.
Australia’s Anti-Money Laundering and Counter-Terrorism Financing laws are expanding into the property industry under the “Tranche 2” reforms. From 1 July 2026, certain businesses and professionals involved in property transactions, including lawyers and conveyancers, may become regulated b...