Obligations are in effect·Enrolment deadline: 29 July 2026—21 days remaining
AUSTRAC Tranche 2 · Enrolment Guide · 5 min read · Klyvon Compliance Team
How to enrol with AUSTRAC in 2026
All newly captured Tranche 2 businesses must enrol with AUSTRAC before commencing to provide designated services. Enrolment opens 31 March 2026 and must be completed by 29 July 2026. This guide walks through exactly what to prepare, how to complete the online form, and what happens once you are enrolled.
Written by the Klyvon Compliance Team · Melbourne, Australia · General guidance only, not legal advice
31 Mar 2026
Enrolment opens
online.austrac.gov.au
29 Jul 2026
Enrolment deadline
Hard deadline
$19,800/day
Daily penalty (corporate)
For non-enrolment after deadline
Who must enrol with AUSTRAC?
Any business that provides one or more designated services under the AML/CTF Act 2006 (as amended by the AML/CTF Amendment Act 2024) must enrol. This includes Australian law firms (for property transactions, trust/company formation, client fund management), accounting practices (for company/trust formation, nominee director arrangements, client fund management), real estate agents acting on purchase or sale transactions, all conveyancers, and jewellers accepting cash of $10,000 or more.
Not sure if you need to enrol? Use the Am I Regulated? checker first.
What you need before you start
Australian Business Number (ABN)
Your entity's current ABN. If you operate through multiple ABNs (e.g., a trust and a company), you may need separate enrolments for each.
Legal entity name and business structure
Whether you are a company, partnership, trust, or sole trader — AUSTRAC's form varies by structure.
List of designated services
Identify which designated services you provide under the AML/CTF Act. Be specific — AUSTRAC's form asks you to select from pre-defined categories.
Compliance Officer details
Full name, title, and contact details for your appointed AML/CTF Compliance Officer. If not yet appointed, do this first.
Principal place of business address
Your registered business address in Australia.
Step-by-step: how to enrol
Go to AUSTRAC Online
Navigate to online.austrac.gov.au. Create an account using your ABN and business email address.
Select 'Enrol as a reporting entity'
Choose the correct entity type (company, partnership, sole trader, etc.) and select 'Tranche 2' as the enrolment category.
Complete the Business Profile Form
Enter your ABN, legal name, business address, and select the designated services you provide from the dropdown lists.
Provide Compliance Officer details
Enter the name, position, and contact details of your AML/CTF Compliance Officer. This is a mandatory field.
Submit and receive confirmation
Submit the form. AUSTRAC will send a confirmation email with your reporting entity number. Keep this on file — you will need it for future correspondence with AUSTRAC.
Notify AUSTRAC of changes within 14 days
If your business details, designated services, or compliance officer change, you must notify AUSTRAC within 14 days. Log back into AUSTRAC Online to update your enrolment.
What happens after enrolment?
Enrolment is the start, not the end. Once enrolled, you must have your AML/CTF program implemented, your CDD procedures active, and your staff trained — all before 1 July 2026. Enrolment confirms your identity to AUSTRAC; your obligations are governed by the AML/CTF Act 2006 and AML/CTF Rules 2025.
Your first Annual Compliance Report is due 30 September 2027. This report confirms to AUSTRAC that your program is in place and has been independently reviewed.
Frequently asked questions
When does AUSTRAC enrolment open for Tranche 2 businesses?
AUSTRAC enrolment for Tranche 2 reporting entities opened 31 March 2026 at online.austrac.gov.au. Businesses already regulated under Tranche 1 (financial institutions, gambling operators, and similar) were already enrolled and do not need to re-enrol for Tranche 2 services.
What is the AUSTRAC enrolment deadline for Tranche 2?
The final enrolment deadline for Tranche 2 reporting entities is 29 July 2026, confirmed via AUSTRAC. Operating without enrolment after that date is a contravention of s.51B of the AML/CTF Act 2006 ("Reporting entities must enrol") and attracts daily penalties of up to $19,800 per day for bodies corporate. All AML/CTF program obligations commence 1 July 2026 — aim to be enrolled and compliant by that earlier date, not the 29 July hard deadline.
What information do I need to enrol with AUSTRAC?
You will need your ABN, the legal name and business structure of your entity, the designated services you provide under the AML/CTF Act 2006, your principal place of business address, and the name and contact details of your appointed AML/CTF Compliance Officer. Gather all of these before starting the online form at online.austrac.gov.au.
Is AUSTRAC enrolment the same as registration?
AUSTRAC uses the term 'enrolment' for Tranche 2 reporting entities, completed at AUSTRAC Online (online.austrac.gov.au). Once enrolled, your business appears on the AUSTRAC reporting entity register. This is a separate regulatory requirement from registration with an industry body such as the Law Society or CPA Australia.
What happens after I enrol with AUSTRAC?
After enrolling you receive a AUSTRAC reporting entity number and are required to notify AUSTRAC within 14 days of any material changes to your business, designated services, or compliance officer. Your first Annual Compliance Report is due 30 September 2027, confirming your program is in place and has been reviewed.
Does Klyvon include sanctions screening?
Targeted financial sanctions screening is now part of your AML/CTF program obligation under the AML/CTF Rules 2025 — not a separate exercise. Klyvon's generated program includes the required policy controls for targeted financial sanctions. You will still need to screen clients against the DFAT Consolidated List as part of your CDD workflow. Klyvon does not run live screening checks, but your program documents exactly when and how to do it.
Get your complete enrolment checklist
Klyvon generates your AML/CTF program, enrolment guide, and compliance documents in one session. Free plan — no credit card required.
Get started free →General guidance only · Not legal advice · Refer to austrac.gov.au