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In force since 1 July 2026

What Tranche 2 actually requires

Tranche 2 is the extension of Australia’s AML/CTF regime to the professions it left out in 2006. Accountants, law practices, conveyancers, real estate agencies and dealers in precious metals became reporting entities on 1 July 2026. These pages set out what the Act requires of them, obligation by obligation, with the sections each one rests on.

Why we wrote this

Most published guidance on Tranche 2 restates the press release. It names the captured sectors, gives the commencement date, and stops. The harder questions, the ones a firm hits in its first month, are covered thinly or not at all.

We built a compliance platform against these obligations, which meant resolving the ambiguities in code: what the deadline is when privilege is claimed, when a beneficial owner can be left out, what makes a cash transaction reportable. These pages are what we learned, with the section references so you can check us.

They are general information about the obligations, not legal advice, and duely is not approved, endorsed or certified by AUSTRAC. Where a page states something you intend to rely on, follow the citation to the Act or to the AUSTRAC guidance and read it there.

The obligations

One page per obligation. Each names the sector it matters most to, the sections of the Act it turns on, and the date its content was last checked.

Also on this site

Every AML/CTF term, defined → The AUSTRAC starter kit, mapped →

Knowing the obligation is the easy half

Take the 2-minute readiness assessment to see which of these obligations apply to your firm, or book a walkthrough and watch one matter run from scoping to a finished evidence pack.

Take the 2-minute assessment Book a walkthrough