23/06/2026
From 1 July 2026, new Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) legislation will come into effect across Australia. These reforms introduce additional obligations for real estate agencies and are designed to help prevent money laundering, terrorism financing and other serious financial crimes within the property sector.
As part of these new requirements, all vendors will be required to complete a secure identity verification process before their property can be advertised or listed for sale. Purchasers who have exchanged contracts will also be required to verify their identity as part of the transaction process.
To ensure compliance with the legislation, our team will guide clients through the verification process and provide clear instructions on the documentation required.
These changes are being introduced nationwide and will become a standard part of the buying and selling process. We encourage all clients to be prepared to provide identification when requested to avoid any delays in the marketing, sale or settlement of a property.
Should you have any questions regarding these new requirements, please do not hesitate to contact our office.
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