Enrolment opened on 31 March 2026, and the reformed rules commenced for existing reporting entities

For Tranche 2 businesses

Early enrolment let firms get their AUSTRAC Online access, compliance officer and program in place before obligations commenced on 1 July. Firms that enrolled early still had to be ready to apply due diligence and reporting from 1 July.

For existing reporting entities

The reformed tipping-off offence, focused on disclosures that would or could prejudice an investigation, had already started on 31 March 2025.

• A single AML/CTF program structure built on a risk assessment and policies replaced the old Part A and Part B.
• Updated customer due diligence rules, including changes to when initial due diligence must be completed.
• New obligations for virtual asset service providers and changes to the travel rule for value transfers.
• Threshold transaction and suspicious matter reporting stay as they were for existing entities until 2029.

Why it matters to small firms

The rules that Tranche 2 firms follow are the reformed ones. Guidance or templates written for the pre-2026 regime, including the Part A/Part B structure, are out of date.