Compliance Obligations

Australia’s AML/CTF regime just got significantly bigger. On 10 December 2024, the Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2024 received Royal Assent, extending Australia’s existing anti-money laundering framework to approximately 90,000 businesses that had no previous AUSTRAC obligations. If you’re a lawyer, accountant, real estate agent, conveyancer, dealer in precious metals or gemstones, or … Read more

Every Australian business operates within a framework of legal obligations. Some are universal — applying to any entity that employs people, collects personal data, or sells goods and services. Others are specific to industry, location, or business size. Taken together, they form the compliance landscape that business owners are legally required to navigate, whether or … Read more

Running a business in Australia means operating within one of the world’s most comprehensive regulatory frameworks. Between federal legislation, state-level obligations, and industry-specific rules, the number of laws that could apply to your business on any given day runs well into the dozens. Here’s the thing: most businesses don’t fail at compliance because they’re dishonest. … Read more