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AUSTRAC Tranche 2 · Plain-English Guides · Free · Ungated

Australia’s AML/CTF regime, explained for real estate

24 plain-English guides to AUSTRAC Tranche 2 — written for principals, sales agents, and admins, not lawyers. What came into force on 1 July 2026, what your agency must have in place, and how to do it without losing your weekends.

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24 articles · 6 sectionsLast reviewed against AML/CTF Rules 2025 on 24 June 2026
In force since 1 July 2026

Where to start

Pick the door that fits your role

I’m aprincipal

Start with what Tranche 2 is and why it applies

I’m asales agent

Start with what services bring you in scope

I’m aadmin or PA

Start with reliance arrangements and CDD procedures

The full hub

All 24 articles, in the order they matter

From what the regime is, to whether it applies to you, to what you must do, to how the work plays out on a Tuesday morning.

01The Basics
1 article
  1. 01What is AUSTRAC Tranche 2 and why does it apply to me?
02Does It Apply To You?
5 articles
  1. 01What is a "designated service" — and which of mine count?
  2. 02Who is the "reporting entity" — me, my agency, or my franchise?
  3. 03Common Tranche 2 myths, debunked
  4. 04Does property management need to comply with AUSTRAC?
  5. 05Buyer's agents and AUSTRAC — what you need to know
03Your Obligations
6 articles
  1. 01AUSTRAC enrolment — what, when, how
  2. 02Customer due diligence — what you collect and verify
  3. 03SMRs and TTRs
  4. 04Record-keeping — 7 years of what, exactly
  5. 05Training and the fit-and-proper test
  6. 06Appointing your AML/CTF Compliance Officer
04Building Your Programme
3 articles
  1. 01The AML/CTF programme under the 2025 Rules
  2. 02ML/TF risk assessment — how to actually do one
  3. 03Independent evaluation — when yours is actually due
05Day-to-Day Operations
7 articles
  1. 01Beneficial ownership — the trickiest part
  2. 02PEP and sanctions screening
  3. 03Enhanced customer due diligence (ECDD) — when and how
  4. 04Suspicious matter reports (SMRs)
  5. 05Can I rely on the solicitor's KYC instead of doing my own?
  6. 06Customer due diligence at auction — compressed timelines
  7. 07CDD on companies, trusts, and SMSFs as buyers
06Audit, Records & Penalties
2 articles
  1. 01Penalties — what's actually at stake
  2. 02What happens if I miss the 1 July 2026 AUSTRAC deadline?

What this hub is, and isn’t

This hub is an educational resource on Australia’s AML/CTF regime as it applies to real estate. We explain the Rules 2025, AUSTRAC’s expectations, and the operational reality of compliance for agencies. We are not a law firm and nothing here is legal advice. We are Korvos — we build software that helps agencies meet these obligations — but the articles below are written to be useful whether or not you ever speak to us. If something here is wrong or unclear, tell us.

This Week in AUSTRAC.

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