From 1 July 2026, new anti-money laundering (AML) checks apply when you buy or sell property in Queensland.
Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) laws will apply to real estate agencies across Australia. These reforms introduce legal requirements for agencies to verify the identity of clients and carry out additional due diligence before providing certain real estate services.
While these requirements may be new to the property sector, similar verification processes have long been standard practice within banking, finance, and legal services.
What it means for you as a property owner or buyer
If you’re selling or buying property through an agency, you may be asked to provide:
- Photo identification (passport, driver’s licence, etc.)
- Proof of residential address (rates notice, electricity or water bill)
- Information about companies, trusts, SMSFs, or other entities involved
- Details about the people who ultimately own or control those entities (“beneficial owners”)
- If you are a buyer, be ready to explain, in a sentence, where your funds are coming from. A simple explanation – savings, the sale of another property, a gift or inheritance – is usually all that’s needed.
Please Note – If you can’t or won’t provide the required identity or source-of-funds information, your conveyancer or agent may be legally prevented from acting for you. It’s a legal obligation, not their discretion.
Where a property is owned or purchased through a company, trust, or similar entity, agencies must also identify the individuals who ultimately own or control that entity.
Why are these changes being introduced?
The reforms are designed to help prevent money laundering, fraud, terrorism financing and other forms of financial crime. Real estate has now been included within Australia’s broader regulatory framework to help safeguard property transactions from misuse.
What will the process involve?
We are committed to making this process as simple and secure as possible.
Most clients will receive a secure digital request to complete their verification through our specialist compliance platform, AMLHUB. Once submitted, our team will review the information in accordance with our legal obligations before proceeding with the transaction.
Is my information secure?
Yes. Protecting your privacy is important to us. Verification information will be managed securely through AMLHUB, an ISO/IEC 27001:2022 certified compliance platform designed specifically for the Australian real estate industry.
Your information will be used solely for AML/CTF compliance purposes and handled in accordance with applicable privacy legislation.
We’re Here to Help
We understand these changes may raise questions, and our team is committed to guiding you through the process with clear communication, secure systems, and the high level of service you expect from Brant Property.
The questions aren’t a judgment on you – they’re a legal requirement that every single buyer and seller will go through as of 1st July 2026, no exceptions.
If you would like more information about the upcoming AML/CTF requirements, please don’t hesitate to contact our team.