What is the AUSTRAC Tranche 2 deadline?

There are two key dates. All AML/CTF obligations commenced 1 July 2026 and are now in effect — your program must be implemented, staff trained, and CDD procedures active. The one remaining deadline is the final enrolment deadline of 29 July 2026, confirmed via AUSTRAC. Enrolment opened 31 March 2026 — if you have not yet enrolled, do it now.

What happens now that the 1 July 2026 deadline has passed?

Operating without your AML/CTF program, CDD procedures, and trained staff in place is a contravention of the AML/CTF Act 2006 — obligations have applied since 1 July 2026. AUSTRAC can issue infringement notices, seek civil penalty orders up to $36.4M per contravention for bodies corporate (based on the penalty unit rate of $364, effective 1 July 2026), issue remedial directions, or require external audits. AUSTRAC has stated it will pursue wilful non-compliance. If you are not yet compliant, getting your program in place immediately is the strongest position you can put yourself in.

What happens if I miss the 29 July 2026 enrolment deadline?

Operating without enrolment after 29 July 2026 is a contravention of the AML/CTF Act 2006. Daily penalties accrue: $21,840 per day for bodies corporate (60 penalty units × $364) and $4,368 per day for individuals (12 penalty units × $364). AUSTRAC publishes all enforcement actions publicly.

Can I get an extension on the AUSTRAC Tranche 2 deadline?

AUSTRAC has not indicated extensions will be granted — both the 1 July 2026 and 29 July 2026 dates are set by the AML/CTF Amendment Act 2024, and the 1 July obligations date has already passed. AUSTRAC has said it will take a risk-based approach to early enforcement, prioritising businesses actively working toward compliance. Businesses that have taken no steps are not protected by that approach.

When is the compliance officer appointment deadline?

Newly regulated Tranche 2 entities must notify AUSTRAC of their AML/CTF Compliance Officer by 29 July 2026 — the same date as the enrolment deadline (or within 14 days of enrolling, if later). The 30 May 2026 date sometimes cited applies only to businesses that were already reporting entities before the reforms, not to Tranche 2 entities. The compliance officer must be named in your AML/CTF Program, which has been a live obligation since 1 July 2026. If you have not yet appointed a compliance officer, do it in writing today.

Does Klyvon include sanctions screening?

Targeted financial sanctions screening is now part of your AML/CTF program obligation under the AML/CTF Rules 2025 — not a separate exercise. Klyvon's generated program includes the required policy controls for targeted financial sanctions. You will still need to screen clients against the DFAT Consolidated List as part of your CDD workflow. Klyvon does not run live screening checks, but your program documents exactly when and how to do it.

Obligations are in effect·Enrolment deadline: 29 July 2026—10 days remaining

Updated July 2026

Field Guide · Tranche 2 Deadlines

Two dates matter. Most businesses only track one.

Obligations commenced 1 July 2026 — nearly a month before the enrolment deadline everyone talks about. Both matter, and treating 29 July as the only one that counts is the most common mistake on this timeline.

Get compliant now →See the full timeline

31 Mar
Enrolment opened: 1 Jul
Obligations in force: 29 Jul
Final enrolment deadline: 30 Sep '27
First compliance report

⚠ Obligations are in effect · Final enrolment deadline: 29 July 2026 · 10 days remainingaustrac.gov.au ↗

In this guide

The full timeline Every date, in detail What to do right now Frequently asked questions

I. The Staged Timeline

Four dates, set by the AML/CTF Amendment Act 2024

Obligations and enrolment are two separate clocks — and the obligations clock started first.

he AML/CTF Amendment Act 2024 set a staged timeline of compliance milestones for newly captured Tranche 2 businesses. Obligations commenced 1 July 2026 and are now in effect — the one remaining deadline is the 29 July 2026 final enrolment date. Most businesses fixate on the enrolment date because it’s the one with a form attached to it. The obligations date is the one that actually determines whether operating today is a contravention.

Four dates, one staged timeline — under the AML/CTF Amendment Act 2024

31 Mar 2026

Enrolment opened

1 Jul 2026

Obligations in force

29 Jul 2026

Final enrolment deadline

30 Sep 2027

First Annual Compliance Report

Obligations commenced 1 July 2026 — almost a month before the enrolment deadline itself. Treating 29 July as the only date that matters is the most common mistake on this timeline.

II. Every Date, In Detail

What each milestone required, and what happens if you missed it

31 March 2026

AUSTRAC enrolment opened

passed

AUSTRAC Online opened for Tranche 2 reporting entity enrolments on this date. Enrolment remains open at online.austrac.gov.au — if you have not yet enrolled, do it now.

If missed: No penalty attached to this date itself — but enrolment must be complete before you provide designated services, and the final enrolment deadline is 29 July 2026.

1 July 2026

All AML/CTF obligations commenced

in force

All obligations under the AML/CTF Act 2006 now apply: your program must be implemented, CDD procedures active, staff trained, and transaction monitoring in place. You can accept designated service clients only if all requirements are met.

If missed: Operating without an implemented program, CDD procedures, or trained staff is a contravention. Civil penalties up to $36.4M per contravention (based on the penalty unit rate of $364, effective 1 July 2026). AUSTRAC has stated it will prioritise enforcement against wilful non-compliance.

29 July 2026

Final AUSTRAC enrolment and compliance officer notification deadline

critical

The hard deadline for Tranche 2 reporting entity enrolment. Every business providing designated services must be enrolled at AUSTRAC Online by this date. Your AML/CTF Compliance Officer appointment must also be notified to AUSTRAC by this date (or within 14 days of enrolling, if later).

If missed: Operating without enrolment attracts daily penalties: $21,840/day for bodies corporate (60 units × $364) and $4,368/day for individuals (12 units × $364).

30 Sep 2027

First Annual Compliance Report due

upcoming

Reporting entities must submit their first Annual Compliance Report to AUSTRAC. The report confirms that your AML/CTF program has been reviewed and that your compliance controls are operating effectively.

If missed: Failure to submit the Annual Compliance Report is a contravention. Penalties apply.

III. What To Do Right Now

The fastest path to compliant, starting today

Obligations are already in effect. If your firm isn't yet compliant, every day counts.

Check if you are captured

Use the free Am I Regulated? checker.

Appoint your compliance officer in writing

Do this today — it is a live obligation, not an upcoming one.

Generate your AML/CTF program

Klyvon generates your full program in one session from $299/month.

Enrol at AUSTRAC Online

Go to online.austrac.gov.au and complete enrolment.

Train your staff

Document the training and keep records for 7 years.

IV. Reference

Frequently asked questions

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