Enrolment and registration

Contents


Do I need to enrol and/or register my business?

Mandatory enrolment

On 1 November 2011 it became mandatory for all businesses with obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) to be enrolled on AUSTRAC's Reporting Entities Roll. This obligation applies to:

  • all businesses that provide a 'designated service' under section 6 of the AML/CTF Act
  • all providers of remittance services (remitters), including:
    • independent remittance dealers
    • remittance network providers
    • affiliates of a remittance network provider.

Enrolment information provides AUSTRAC with a more accurate understanding of its regulated population. AUSTRAC uses enrolment information to identify the entities subject to the annual AUSTRAC Industry Contribution and the amount that applies to each billable entity.

For further information about enrolment requirements please go to Chapter 4 of the AUSTRAC compliance guide.

Mandatory registration

As of 1 November 2011 businesses which intend to provide remittance services (remitters) must also apply to be registered with AUSTRAC, including those that had previously registered with AUSTRAC.

To provide remittance services, remitters must be registered in one or more of the following capacities:

  1. remittance network provider: an organisation that operates a network of remittance affiliates by providing the systems and services that enables its affiliates to provide remittance services
  2. affiliate of remittance network provider: a business that provides remittance services to customers as part of a remittance network facilitated by a remittance network provider
  3. independent remittance dealer: a business that provides remittance services to customers using its own systems and processes, independent of a remittance network.

For further information about remitter registration, refer to Chapter 5 of the AUSTRAC compliance guide.

AUSTRAC Online accounts for FTR Act businesses (optional)

Businesses that only have Financial Transaction Reports Act 1988 (FTR Act) obligations, such as cash dealers and solicitors, are not required to enrol and register with AUSTRAC.

However, the FTR Act does require cash dealers and solicitors to submit certain reports to AUSTRAC. Businesses with FTR Act obligations may choose to create an AUSTRAC Online business account, which will allow them to submit these reports online.

For further information on FTR Act requirements, refer to Chapter 10 of the AUSTRAC compliance guide.


How do I enrol and/or register my business?

To enrol and/or apply to register your business with AUSTRAC, you must complete and submit an AUSTRAC business profile form (ABPF).

Businesses new to AUSTRAC

You must download and submit an ABPF from the link below if your business is new to AUSTRAC and you meet the following criteria:

  • my business does not have an existing AUSTRAC Online business account
  • my business has obligations under the AML/CTF Act or the FTR Act
  • my business is not currently a member of a 'designated business group'
  • my business has never submitted transaction reports to AUSTRAC electronically or via paper reporting methods
  • I do not have 'user' access to an AUSTRAC Online business account for any other businesses.

Download the AUSTRAC business profile form

For further assistance in completing the ABPF, please refer to the following guides:

 ABPF explanatory guide (Word, 1.2MB)

 Guide for cash dealers and solicitors on completing the ABPF (Word 1.5MB)

Businesses already known to AUSTRAC

If you already have an AUSTRAC Online business account but have not yet completed the mandatory enrolment/registration for AML/CTF reporting entities and remitters, please log in to your existing AUSTRAC Online account and download the ABPF via the Business Profile page under the My business tab, complete the relevant sections and select Submit.

Once you have submitted the ABPF, click Go to Submission Confirmation Page to save and print or email a copy of the completed form for your records.

I already have an AUSTRAC account for another business - how do I enrol my new business?

If your new business has a different ABN to your other business, you need to enrol your new business.

To enrol your new business, log in to your existing AUSTRAC Online account, select Add a new business via the My Business menu tab, and download the ABPF. Complete the form then Submit it.

Log in to your existing AUSTRAC Online account


Do I need to advise AUSTRAC of changes to my details?

Yes. You must advise AUSTRAC of any changes to your business's enrolment and/or registration details within 14 days of the change arising.

To update your business's details, log in to AUSTRAC Online and download the ABPF via the Business Profile page under the My Business tab. Update your business's details and click Submit when complete.

Once you have submitted the ABPF, click Go to Submission Confirmation Page to save and print or email a copy of the completed form for your records.


I am no longer a reporting entity - what do I need to do?

If your business has ceased operating, or if your business no longer offers designated services, you must request to be removed from AUSTRAC's Reporting Entities Roll.

To remove your business from the Roll, log in to AUSTRAC Online select the Reporting Entities Roll removal form via the Business Profile page under the My Business tab. Complete the form and click Submit.

Your business will not be removed from the Reporting Entities Roll until AUSTRAC receives a completed Reporting Entities Roll removal form and has processed your request.