60-second read

The 60-Second AUSTRAC Readiness Checklist

For Real Estate Principals & Licensees in Charge. Three things you must have in place before you can legally list or sell property after July 1, 2026.

1
15 seconds

The March 31 "First Contact" March 31

On March 31, 2026, the AUSTRAC portal opens for "Tranche 2" entities. This is your enrolment window — miss it and you can't legally operate after July 1.

Your Action

Enrol your agency with AUSTRAC. You'll need:

2
20 seconds

The "Paperwork" Reality Check July 1

By July 1, you cannot legally list or sell a property without a documented AML/CTF Program.

Your Action

Create a documented AML/CTF Program. This isn't just a folder on your desk. It must include:

A generic template won't cut it. AUSTRAC expects your program to be tailored to your business — your location, your client profile, your transaction types.

3
25 seconds

The "New Normal" Workflow

Every time you sign a new vendor (or in some cases, a buyer), you must perform Customer Due Diligence (CDD). This is the ongoing operational change that most agencies aren't prepared for.

Your Action

You need a digital system that can:

If AUSTRAC audits you in 3 years, "I checked his ID" isn't enough. You need a time-stamped system record proving when the check was done, what was verified, and who performed it.

Quick Self-Assessment

Can you answer "Yes" to all three?

Do you know who your Compliance Officer will be?
Yes No
Do you have a written AML/CTF program?
Yes No
Do you have a digital CDD workflow?
Yes No

If you answered "No" to any of these — you're not alone. Most agencies haven't started yet. But March 31 is days away.

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