From 1 July 2026, real estate agencies providing designated services must comply with Australia's anti-money laundering laws. Non-compliance carries penalties up to $33 million.
Agencies that start now will be compliant before their competitors
The Australian Government is extending its anti-money laundering and counter-terrorism financing (AML/CTF) regime to cover real estate professionals under Tranche 2 of the AML/CTF Act reforms. This means real estate agents, auctioneers, and property developers who provide designated services will become reporting entities — subject to the same obligations that currently apply to banks and financial institutions.
The deadline is 1 July 2026. After that date, captured agencies must be enrolled with AUSTRAC, have a compliant AML/CTF program in place, conduct customer due diligence, report suspicious matters, and maintain records for a minimum of seven years.
The average compliance cost
The Attorney General's Regulatory Impact Statement estimates compliance costs of $23,250/year for Tranche 2 entities. We get you compliant from $3,500 — a one-time setup fee.
Sign up as a founding agency and get our complete compliance setup for $2,800 instead of $3,500. Limited to the first 50 agencies — once they're gone, they're gone.
Three options — only one makes sense for most agencies
| DIY (Starter Kit) | Law Firm | AustracCheck | |
|---|---|---|---|
| Cost | Free (your time) | $15K–$30K | $3,500 |
| Timeframe | Weeks–months | 2–3 months | 5 business days |
| Customised to your agency | You do it yourself | Yes | Yes |
| Ongoing compliance tools | No | No | Yes — CDD, screening, training |
| Real estate specific | Generic template | Depends on firm | Purpose-built |
Built for independent Australian agencies
“AustracCheck made the whole process painless. We were compliant in under a week — something our lawyer quoted 3 months for.”
“The documents were thorough and specific to our business. Much better than the generic AUSTRAC starter kit.”
“At $3,500, it was a no-brainer compared to $15K from a law firm. And the ongoing platform keeps us on top of CDD.”
If AUSTRAC identifies any gap in the compliance program we build for you within 12 months of delivery, we'll fix it at no additional cost. We stand behind every document we deliver.