Obligations are in effect·Enrolment deadline: 29 July 2026—21 days remaining
AUSTRAC Tranche 2 · Deadline Guide · 5 min read · Klyvon Compliance Team
AUSTRAC Tranche 2 deadlines — every date explained
The AML/CTF Amendment Act 2024 set a staged timeline of compliance milestones for newly captured Tranche 2 businesses. Obligations commenced 1 July 2026 and are now in effect — the one remaining deadline is the 29 July 2026 final enrolment date. This guide explains every date, what it required, and what happens if you missed it.
Written by the Klyvon Compliance Team · Melbourne, Australia · General guidance only, not legal advice
⚠ Obligations are in effect · Time remaining to 29 July 2026 final enrolment deadline
21 days
The complete Tranche 2 deadline timeline
31 March 2026
AUSTRAC enrolment opened
AUSTRAC Online opened for Tranche 2 reporting entity enrolments on this date. Enrolment remains open at online.austrac.gov.au — if you have not yet enrolled, do it now.
If missed: No penalty attached to this date itself — but enrolment must be complete before you provide designated services, and the final enrolment deadline is 29 July 2026.
1 July 2026
All AML/CTF obligations commenced
All obligations under the AML/CTF Act 2006 now apply: your program must be implemented, CDD procedures active, staff trained, and transaction monitoring in place. You can accept designated service clients only if all requirements are met.
If missed: Operating without an implemented program, CDD procedures, or trained staff is a contravention. Civil penalties up to $33M per contravention (based on the current penalty unit rate of $330; due to re-index 1 July 2026 pending official publication). AUSTRAC has stated it will prioritise enforcement against wilful non-compliance.
29 July 2026
Final AUSTRAC enrolment and compliance officer notification deadline
The hard deadline for Tranche 2 reporting entity enrolment. Every business providing designated services must be enrolled at AUSTRAC Online by this date. Your AML/CTF Compliance Officer appointment must also be notified to AUSTRAC by this date (or within 14 days of enrolling, if later).
If missed: Operating without enrolment attracts daily penalties: $19,800/day for bodies corporate (60 units × $330) and $3,960/day for individuals (12 units × $330).
30 Sep 2027
First Annual Compliance Report due
Reporting entities must submit their first Annual Compliance Report to AUSTRAC. The report confirms that your AML/CTF program has been reviewed and that your compliance controls are operating effectively.
If missed: Failure to submit the Annual Compliance Report is a contravention. Penalties apply.
What to do right now
Obligations are already in effect. If your firm is not yet compliant, every day counts — the fastest path:
Check if you are captured
Use the free Am I Regulated? checker.
Appoint your compliance officer in writing
Do this today — it is a live obligation, not an upcoming one.
Generate your AML/CTF program
Klyvon generates your full program in one session from $299/month.
Enrol at AUSTRAC Online
Go to online.austrac.gov.au and complete enrolment.
Train your staff
Document the training and keep records for 7 years.
Frequently asked questions
What is the AUSTRAC Tranche 2 deadline?
There are two key dates. All AML/CTF obligations commenced 1 July 2026 and are now in effect — your program must be implemented, staff trained, and CDD procedures active. The one remaining deadline is the final enrolment deadline of 29 July 2026, confirmed via AUSTRAC. Enrolment opened 31 March 2026 — if you have not yet enrolled, do it now.
What happens now that the 1 July 2026 deadline has passed?
Operating without your AML/CTF program, CDD procedures, and trained staff in place is a contravention of the AML/CTF Act 2006 — obligations have applied since 1 July 2026. AUSTRAC can issue infringement notices, seek civil penalty orders up to $33M per contravention for bodies corporate (based on the current penalty unit rate of $330; due to re-index 1 July 2026 pending official publication), issue remedial directions, or require external audits. AUSTRAC has stated it will pursue wilful non-compliance. If you are not yet compliant, getting your program in place immediately is the strongest position you can put yourself in.
What happens if I miss the 29 July 2026 enrolment deadline?
Operating without enrolment after 29 July 2026 is a contravention of the AML/CTF Act 2006. Daily penalties accrue: $19,800 per day for bodies corporate (60 penalty units × $330) and $3,960 per day for individuals (12 penalty units × $330). AUSTRAC publishes all enforcement actions publicly.
Can I get an extension on the AUSTRAC Tranche 2 deadline?
AUSTRAC has not indicated extensions will be granted — both the 1 July 2026 and 29 July 2026 dates are set by the AML/CTF Amendment Act 2024, and the 1 July obligations date has already passed. AUSTRAC has said it will take a risk-based approach to early enforcement, prioritising businesses actively working toward compliance. Businesses that have taken no steps are not protected by that approach.
When is the compliance officer appointment deadline?
Newly regulated Tranche 2 entities must notify AUSTRAC of their AML/CTF Compliance Officer by 29 July 2026 — the same date as the enrolment deadline (or within 14 days of enrolling, if later). The 30 May 2026 date sometimes cited applies only to businesses that were already reporting entities before the reforms, not to Tranche 2 entities. The compliance officer must be named in your AML/CTF Program, which has been a live obligation since 1 July 2026. If you have not yet appointed a compliance officer, do it in writing today.
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.
Don't miss the deadline
Klyvon generates your complete AML/CTF program in one session. From $299/month.
Get started free →General guidance only · Not legal advice · austrac.gov.au