New Client Identification Requirements from 1 July 2026
From 1 July 2026, Australian law firms are now subject to new obligations under the Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Act.
These reforms are part of a national initiative to help prevent money laundering, terrorism financing and other serious financial crimes. Similar requirements have applied to banks and financial institutions for many years and are now being extended to lawyers and other professional service providers.
What does this mean for you?
For clients, the main change is that we may be required to collect and verify additional information before providing certain legal services, including:
- Conveyancing and property transactions
- Establishing or restructuring companies and trusts
- Certain commercial and business transactions
- Other legal services where required by law
Information we may request
To meet our legal obligations, we may ask you to provide the following information:
- Proof of your identity, such as a driver’s licence and passport;
- Information about the purpose of your transaction;
- In some circumstances, information about the source of your funds or wealth; and
- If you are acting on behalf of a company, trust or another person, documentation confirming your authority to do so.
What happens if you do not provide the requested information?
Under the AML/CTF legislation, we may be unable to provide certain legal services if the required information is not provided.
If these checks apply to your matter, we appreciate your assistance in providing the requested information so we can progress your matter promptly.
Our commitment to protecting your privacy
We are committed to protecting your privacy and maintaining the confidentiality of your information.
Any information you provide will be handled securely and in accordance with:
- The Privacy Act 1988 (Cth);
- Our Privacy Policies; and
- The requirements of the Anti-Money Laundering and Counter-Terrorism Financing Act.
We appreciate your understanding and cooperation as these new requirements come into effect and we will make the process as simple and efficient as possible.
If you have any questions about how these changes may affect you or your matter, please contact our office on 02 9525 8100. Further information is also available on the AUSTRAC website.