Obligations commence: 1 July 2026·Enrolment deadline: 29 July 2026—27 days remaining
AUSTRAC Tranche 2 · Deadline Guide
AUSTRAC Tranche 2 deadlines — every date explained
The AML/CTF Amendment Act 2024 sets a staged timeline of compliance milestones for newly captured Tranche 2 businesses. Missing any one of these dates is a contravention of the AML/CTF Act 2006. This guide explains every deadline, what it requires, and what happens if you miss it.
Written by the Klyvon Compliance Team · Melbourne, Australia · General guidance only, not legal advice
⚠ Time remaining to 1 July 2026 obligations date
27 days
The complete Tranche 2 deadline timeline
31 March 2026
AUSTRAC enrolment opens
AUSTRAC Online opens for Tranche 2 reporting entity enrolments. You can enrol from this date at online.austrac.gov.au. There is no benefit in waiting — enrol as early as possible.
If missed: No penalty for not enrolling on this date — but enrolment must be complete before you commence providing designated services.
30 May 2026
Recommended compliance officer appointment
AUSTRAC recommends businesses appoint and notify their AML/CTF Compliance Officer by this date. The compliance officer must be named in your AML/CTF Program, which must be implemented before 1 July 2026.
If missed: No direct penalty for missing this recommended date — but it leaves you with only 32 days to finalise your program before obligations commence.
1 July 2026
All AML/CTF obligations commence
From this date, all obligations under the AML/CTF Act 2006 apply: your program must be implemented, CDD procedures active, staff trained, and transaction monitoring in place. You can accept designated service clients from this date 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 $33M per contravention. AUSTRAC has stated it will prioritise enforcement against wilful non-compliance.
29 July 2026
Final AUSTRAC enrolment deadline
The hard deadline for Tranche 2 reporting entity enrolment. Every business providing designated services must be enrolled at AUSTRAC Online by this date.
If missed: Operating without enrolment attracts daily penalties: $18,780/day for bodies corporate (60 units × $330) and $3,756/day for individuals (12 units × $330). Source: AML/CTF Act 2006, s.76.
1 July 2027
First Annual Compliance Report due
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.
What to do right now
If you are reading this before 1 July 2026, you still have time to comply. The fastest path:
Check if you are captured
Use the free Am I Regulated? checker.
Appoint your compliance officer in writing
Do this today — do not wait for the May deadline.
Generate your AML/CTF program
Klyvon generates Part A + Part B in 60 seconds from $79/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.
Frequently asked questions
What is the AUSTRAC Tranche 2 deadline?
There are two key deadlines. The main compliance commencement date is 1 July 2026 — from this date, all AML/CTF obligations apply including having your program implemented, staff trained, and CDD procedures active. The final enrolment deadline is 29 July 2026 — you must be enrolled with AUSTRAC by this date. Enrolment opened 31 March 2026. Source: AML/CTF Amendment Act 2024.
What happens if I miss the 1 July 2026 deadline?
Operating as a reporting entity without the required AML/CTF program, CDD procedures, and staff training in place from 1 July 2026 is a contravention of the AML/CTF Act 2006. AUSTRAC can issue infringement notices, seek civil penalty orders from the Federal Court (up to $33M per contravention for bodies corporate), issue remedial directions, or require external audits. The regulator has stated it will take enforcement action against wilful non-compliance.
What happens if I miss the 29 July 2026 enrolment deadline?
Operating as a reporting entity without enrolment after 29 July 2026 is a specific contravention of s.76 of the AML/CTF Act 2006. Daily penalties accrue: up to $18,780 per day for bodies corporate (60 penalty units × $330) and $3,756 per day for individuals (12 penalty units × $330). AUSTRAC publishes all enforcement actions publicly.
Can I get an extension on the AUSTRAC Tranche 2 deadline?
AUSTRAC has not indicated that extensions will be granted. The 1 July 2026 and 29 July 2026 dates are set by legislation (the AML/CTF Amendment Act 2024). AUSTRAC has stated that it will take a risk-based and proportionate approach to early enforcement, focusing on businesses that are actively trying to comply. However, businesses that have taken no steps toward compliance are not protected by this approach.
When is the compliance officer appointment deadline?
AUSTRAC recommends that businesses appoint and notify their AML/CTF Compliance Officer by 30 May 2026. This is a recommended date, not a hard legal deadline. However, because the compliance officer must be named in your AML/CTF program and your program must be implemented by 1 July 2026, waiting beyond May 2026 leaves very little time.
Don't miss the deadline
Klyvon generates your complete AML/CTF program in 60 seconds. Start your free 7-day trial today.
Start free trial →General guidance only · Not legal advice · Source: AML/CTF Amendment Act 2024 · austrac.gov.au