Self-Assessment

Mitchell & Associates Conveyancing

AML Compliant
SM

Compliance Self-Assessments

Two structured assessments to determine your AML/CTF obligations and ML/TF risk profile.

Reporting Entity Self-Assessment

Answer each question honestly. If you answer Yes to any question, your business is likely a reporting entity and must enrol with AUSTRAC, develop an AML/CTF program, and comply with all obligations from 1 July 2026.

Source: Know Your Obligations — KYC/AML for Property Transactions, Appendix A

0 of 10 questions answered
1

Does your business broker the sale, purchase, or transfer of real estate on behalf of another person?

If yes, both buyer and seller are your customers.

2

Does your business sell real property directly to buyers (e.g. as a developer) without using an independent agent?

Includes house-and-land packages, off-the-plan apartments, and new subdivisions.

3

Does your business assist clients in planning, structuring, or executing a property transaction (e.g. as a buyer's agent or conveyancer)?

4

Does your business receive, hold, or manage property or funds on behalf of a client as part of a property transaction?

Includes trust accounts, deposits, and settlement funds.

5

Does your business act as an intermediary between buyers and sellers in any property-related transaction?

6

Does your business provide property management services that involve collecting or disbursing funds on behalf of landlords or tenants?

7

Does your business provide advice or services in relation to the financing of a property purchase?

8

Does your business deal with foreign nationals, overseas entities, or clients whose funds originate from outside Australia?

9

Does your business handle transactions involving trusts, self-managed superannuation funds, or complex ownership structures?

10

Does your business conduct high-value transactions (above $10,000 in cash or equivalent) in connection with property?

Regulatory reference: AML/CTF Act 2006 (Cth) s.5 (definition of "reporting entity"); AUSTRAC Guidance — Tranche 2 designated services for real estate professionals (2024).