The REST Program replaces the current AUSTRAC Online interface with a modern and user-friendly platform for bulk reporting of Electronic International Funds Transaction Instructions (IFTI-E) in XML format. This improves our ability to process the large volumes and types of data that you and other regulated entities provide us every day.
New features for IFTI-E transaction reporting
New features include:
- Ability for reporting entities to submit larger numbers of International Electronic Transfer Funds Instruction (IFTI-E) transaction reports.
- Quick reference guides to navigate the new user interface for impacted reporting entities (ISO 20022 guidance).
- New IFTI-E schema for our entities to report in international standard format (ISO 20022).
- New enrolment and registration forms for a better user experience when providing your business information to us.
- An opportunity for users to provide feedback on the features and functionalities important when completing enrolment and registration forms.
We’ve also delivered internal features to support our engagement with reporting entities, including:
- A content management capability to more efficiently deploy the Annual Compliance Report and collect relevant and timely information from you and other reporting entities.
- An automated levy calculation system to enhance industry contribution processes with reporting entities.
REST guidance for IFTI-E transaction reporting only
Further guidance will be available as it’s developed to make sure transition is as easy as possible. This will help you to continue to meet your reporting obligations.
Our latest REST program guidance and supporting documentation:
- IFTI-E v2.0 schema and IFTI-E v2.0 schema specifications (zip, 849)
- API specifications for IFTI-E reports are available on your AUSTRAC Online account, via the Transaction Reporting – Administration menu.
- User login and access (PDF, 375KB)
- Uploading IFTI-E (PDF, 373KB)
- Submissions table (PDF, 939KB)
- Viewing and downloading a Transaction reporting receipt (PDF, 683KB)
- File resubmission or no further action (PDF, 552KB)
- IFTI-E single data entry guide for reporting ISO20022 messages (DRAFT) (PDF, 1.82MB)
- Quick reference guides to use the new user interface.
Final draft of the new schemas for bulk file upload for transaction reporting for TTR and SMR
Separately to the REST Program, we have also been updating the way reporting entities can bulk file upload threshold transaction reports (TTR) and suspicious matter reports (SMR) for transaction reporting after 1 July 2026.
We provide multiple methods of submitting transaction reports. This includes single report entry and bulk file upload (XML). For file upload we provide schemas to generate XML files to submit transaction reports.
We have published the final draft threshold transaction report (TTR) and suspicious matter report (SMR) schemas and their associated specification documents.
These documents support preparation for reporting via XML file upload in the new transaction reporting solution planned for release on 1 July 2026. The schemas align with the reformed AML/CTF Act and AML/CTF Rules and provide the structure and format for schema‑based reporting.
The final draft schemas represent the version we intend to approve ahead of the July 2026 release. We don’t anticipate changes while final approval activities are completed, with the exception of inclusion of legal professional privilege (LPP) functionality, currently in the final stages of design. Any updates will be communicated when the final approved schemas are released.
Available documents
Threshold transaction report (TTR)
- TTR final draft schema and specifications document 1.0 (zip,1.34 MB)
Suspicious matter report (SMR)
- SMR final draft schema and specifications document 3.0 (zip, 1.34 MB)
Access to existing transaction reporting TTR and SMR schemas, remains available through current AUSTRAC Online.
This guidance sets out how we interpret certain Australian legislation, along with associated Rules and regulations. Australian courts are ultimately responsible for interpreting these laws and determining if any provisions of these laws are contravened.
The examples and scenarios in this guidance are meant to help explain our interpretation of these laws. They’re not exhaustive or meant to cover every possible scenario.
This guidance provides general information and isn't a substitute for legal advice. This guidance avoids legal language wherever possible and it might include generalisations about the application of the law. Some provisions of the law referred to have exceptions or important qualifications. In most cases your particular circumstances must be taken into account when determining how the law applies to you.