From 1 November 2011 new enrolment requirements apply to all reporting entities:
- all reporting entities need to enrol with AUSTRAC and provide prescribed enrolment details
- all new reporting entities need to enrol within 28 days of providing or commencing to provide a designated service covered under the AML/CTF Act
- reporting entities need to keep their enrolment details up-to-date and advise the AUSTRAC CEO of a change in their enrolment details within 14 days of the change
- the AUSTRAC CEO maintains a Reporting Entities Roll which contains the name and enrolment details of all reporting entities.
Enrolment information provides AUSTRAC with a more accurate understanding of its regulated population. This is particularly important for identifying which entities are subject to the annual AUSTRAC supervisory levy and the amount of the levy which will apply to each leviable entity.
A draft Privacy Impact Assessment (PDF, 429KB) in respect of the information collected under mandatory enrolment is available to view.
Existing reporting entities can maintain their enrolment details through AUSTRAC Online.
For businesses new to AUSTRAC go to the AUSTRAC Online business accounts page and follow the instructions.
New enrolment requirements FAQs (PDF, 168KB)
Calculating earnings fact sheet (PDF, 208KB)
AUSTRAC business profile form explanatory guide (Word, 1.2MB)