Reporting groups (Reform)
Read this guidance if any of the following apply:
- you’re currently in a designated business group
- you want to work together with another business to meet your anti-money laundering and counter-terrorism financing (AML/CTF) obligations.
From 31 March 2026, designated business groups will cease to exist. If you want to work together with another business to meet your obligations from this date, consider forming a reporting group.
Discover what a reporting group is and how to form one. You can also learn how this affects your obligations.
Where we use the word person throughout this guidance, this includes both legal entities and individuals. See the definition of person at ownership and control.
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.