The Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) is the main piece of Australian government legislation that regulates AUSTRAC’s functions.

Access the AML/CTF Act

You can find the AML/CTF Act at the Federal Register of Legislation website:

• AML/CTF Act (current version)

Your obligations under the AML/CTF Act

If you provide one or more designated services as prescribed in the AML/CTF Act, you must enrol with AUSTRAC and comply with the obligations set out in the AML/CTF Act. You must also register with AUSTRAC if the designated service you provide includes remittance service or digital currency exchange service:

• check if you need to enrol

Once you have enrolled with AUSTRAC, we provide detailed guidance to help you comply with your obligations relating to:

• your AUSTRAC Online account

• how to comply: guidance and resources

• industry-specific guidance

Other AUSTRAC legislation

• The AML/CTF Rules supplement the AML/CTF Act by providing more detailed information in relation to specific requirements under the AML/CTF Act.

• The Financial Transaction Reports Act (FTR Act) is another legislation relevant to AUSTRAC. Although the FTR Act has mostly been replaced by the AML/CTF Act, some business entities and professions, such as motor vehicle dealers who act as insurers or insurance intermediaries and solicitors, still have obligations under the FTR Act.

• The Industry Contribution Acts cover the requirements of the annual industry contribution levy that certain reporting entities have to pay to cover AUSTRAC’s operating costs.