The Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) is the main piece of Australian government legislation that regulates AUSTRAC’s functions.
Access the AML/CTF Act
You can find the AML/CTF Act at the Federal Register of Legislation website:
Your obligations under the AML/CTF Act
If you provide one or more designated services as prescribed in the AML/CTF Act, you must enrol with AUSTRAC and comply with the obligations set out in the AML/CTF Act. You must also register with AUSTRAC if the designated service you provide includes remittance service or digital currency exchange service:
Once you have enrolled with AUSTRAC, we provide detailed guidance to help you comply with your obligations relating to:
Other AUSTRAC legislation
The AML/CTF Rules supplement the AML/CTF Act by providing more detailed information in relation to specific requirements under the AML/CTF Act.
The Financial Transaction Reports Act (FTR Act) is another legislation relevant to AUSTRAC. Although the FTR Act has mostly been replaced by the AML/CTF Act, some business entities and professions, such as motor vehicle dealers who act as insurers or insurance intermediaries and solicitors, still have obligations under the FTR Act.
The content on this website is general and is not legal advice. Before you make a decision or take a particular action based on the content on this website, you should check its accuracy, completeness, currency and relevance for your purposes. You may wish to seek independent professional advice.