Solicitors overview
From 7 January 2025, solicitors are no longer regulated under the Financial Transaction Reports Act 1988 (FTR Act).
You do not need to submit reports about significant cash transactions of A$10,000 or more (or the foreign currency equivalent) that occur on or after 7 January 2025.
You still have an obligation to report transactions that occurred on or before 6 January 2025, and may have ongoing record-keeping obligations. Learn about your ongoing obligations following the repeal of the FTR Act, including how to submit a report.
You will have new obligations under amendments to the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act). For important information about what you need to do and when these obligations commence, refer to our AML/CTF reform page.
The content on this website is general and is not legal advice. Before you make a decision or take a particular action based on the content on this website, you should check its accuracy, completeness, currency and relevance for your purposes. You may wish to seek independent professional advice.