| 1 July 2026: What Property Owners Need to Know |
| AML/CTF Changes from 1 July 2026: What Property Owners Need to Know From 1 July 2026, important changes to Australia’s Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) laws will affect the way residential property is bought and sold. At Kerr Real Estate, we’re committed to making these changes as simple and straightforward as possible, ensuring your property transaction continues to run smoothly. What is AML/CTF? Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) laws are designed to prevent criminals from using legitimate businesses to disguise money obtained through illegal activities such as fraud, tax evasion, organised crime and terrorism financing. Because real estate transactions often involve significant sums of money and complex ownership structures, the industry is now joining banks and other financial institutions in implementing stronger identification and verification procedures. What Will Change for Property Sellers? Under the new legislation, real estate agencies are legally required to verify the identity of their clients before commencing the sale of a property. If you’re selling your home, you may be asked to provide: – Current photo identification. – Documentation confirming ownership of the property. – Trust or company documents where ownership is held by an entity. – Information regarding ownership structures where applicable. – Additional information required to satisfy legislative compliance obligations. These requirements are expected to become a standard part of the property sales process across Australia. Why Are These Changes Being Introduced? The reforms are designed to strengthen the integrity of Australia’s property market by helping prevent: – Money laundering. – Identity fraud. – Organised criminal activity. – Terrorism financing. They also bring the real estate industry into line with compliance requirements that have applied to banks and financial institutions for many years. What Does This Mean for You? For the vast majority of property owners, the process will simply involve providing identification and supporting documentation at the beginning of your sales campaign. To help avoid unnecessary delays, we recommend: – Having your identification ready. – Ensuring ownership records are current. – Advising us if the property is owned by a trust, company or other entity. – Responding promptly to any compliance requests during the sales process. Our team will guide you through every step and ensure the process is as efficient and stress-free as possible. We’re Here to Help While these new requirements introduce a few additional steps, they are designed to protect both property owners and the wider community by creating a safer, more transparent property market. If you have any questions about how the AML/CTF reforms may affect your upcoming property sale or purchase, we’d be pleased to assist. Contact Jonathan Graham or the team at Kerr Real Estate to arrange an obligation-free appointment. We’ll explain the new requirements, answer your questions, and ensure you’re fully prepared before bringing your property to market. Kind Regards,  Jonathan Graham Sales Agent | Auctioneer 0405 506 670 jonathan@kerrrealestate.com.au |
1 July 2026: What Property Owners Need to Know
