New industries and services to be regulated (Reform)
This guidance explains in detail the new services that will come under regulation.
From 1 July 2026, anti-money laundering and counter-terrorism financing (AML/CTF) obligations will apply to certain services typically provided by the following businesses, known as tranche 2 entities:
- real estate professionals – such as real estate agents, buyer's agents and property developers
- conveyancers
- dealers in precious metals, stones and products
- lawyers
- accountants
- trust and company service providers.
Additional virtual asset-related services will also come under AML/CTF regulation from 31 March 2026. The Department of Home Affairs is considering transitional rules to extend this deadline. The impact of these rules will be included in this guidance once known.
This guidance sets out how we interpret the Act, along with associated Rules and regulations. Australian courts are ultimately responsible for interpreting these laws and determining if any provisions of these laws are contravened.
The examples and scenarios in this guidance are meant to help explain our interpretation of these laws. They’re not exhaustive or meant to cover every possible scenario.
This guidance provides general information and isn't a substitute for legal advice. This guidance avoids legal language wherever possible and it might include generalisations about the application of the law. Some provisions of the law referred to have exceptions or important qualifications. In most cases your particular circumstances must be taken into account when determining how the law applies to you.