Tranche 2 is the second phase of Australia's anti-money laundering laws. Where Tranche 1 covered banks and financial services, Tranche 2 extends those same requirements to a new group of businesses - primarily law firms, real estate agencies, and accounting firms. It's a significant expansion, and July 1, 2026 is the key deadline businesses need to prepare for.

If you're a law firm, conveyancer, real estate agency, or accountant who provides services like property transactions, managing client money, company formations, or trust services, there's a strong chance you're covered. AUSTRAC has published detailed guidance, but APLYiD's plain-English resources on this page are a good starting point.

At a minimum you need to: be enrolled with AUSTRAC, conduct a risk assessment of your business and clients, maintain a written AML/CTF program (your compliance policy), implement processes to verify client identities, and a process for ongoing monitoring and record-keeping. The step-by-step guides on this page walk through exactly what each of those involves.

July 1, 2026 is when the obligations come into force - meaning you need to be enrolled with AUSTRAC and have your compliance program operational by that date. It's not just a registration deadline; you need to actually be up and running. Starting now gives you enough time to do it properly rather than rushing.