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Australia’s Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) reforms are bringing significant changes to the real estate industry. From 1 July 2026, real estate agents, buyer’s agents, conveyancers, lawyers and property developers will be required to comply with new AML/CTF obligations when providing designated property services.
The reforms have been introduced because Australia’s property market has been identified as vulnerable to money laundering, with criminals using real estate transactions and complex ownership structures to conceal the origin of illicit funds. The new laws aim to strengthen transparency and protect the integrity of the property market.
For buyers, sellers, investors and developers, this means additional identity verification and due diligence checks may become a standard part of the transaction process. You may be asked to provide:
- Proof of identity
- Information about the source of your funds
- Details of any company or trust involved in the transaction
While these additional checks may introduce a little more paperwork, being prepared with the required documentation early can help minimise delays and keep your purchase, sale or development on track.
Unsure how the new AML/CTF requirements may affect your next property transaction? Whether you’re buying, selling, investing or developing, our team can help you understand what’s required and guide you through the process with confidence.
