Tranche-2 reforms — lawyers, accountants, conveyancers, real-estate agents captured
scenarioAUaml_ctfSourceAnti-Money Laundering and Counter-Terrorism Financing Amendment Act 2024 (Cth) (Tranche-2); AML/CTF Act 2006 (Cth) s 6 (amended)
Tranche-2 amendments to the AML/CTF Act expand the 'designated services' list to capture specified professional services — trust and company services by lawyers / accountants, real-estate transactions, conveyancing, and dealer services in precious metals / stones. Captured professions must enrol with AUSTRAC and implement AML/CTF programmes on the commencement-date roll-out.
Applies when
profession=tranche2regulatory_regime=amlctfcountry_of_operation=AU
Applicable legislation (2 items)
- cth/act-2006-169Amended AML/CTF Act
- cth/act-2024-tranche2Amending statute
Applicable topics (2 claims)
- Tranche-2 captured professionsinstitutionalExpanded scope
- Tranche-2 roll-out obligations — enrolment + programmeinstitutionalImplementation obligations
Co-applies within this scenario (1 relationship)
Rules don’t globally co-apply — they co-apply when the scenario is true. The pairs below reinforce each other under the Tranche-2 reforms — lawyers, accountants, conveyancers, real-estate agents captured predicates.
- Tranche-2 captured professions↔Tranche-2 roll-out obligations — enrolment + programmeboth_apply
Expanded-scope definition + phased implementation obligations together drive Tranche-2 compliance
Try this in Tailor Fabric
Tailor Fabric can pin this applicability subgraph into any document or meeting context — outline generation, pipeline construction, and compliance review will all draw from the legislation and topics above.
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