Reporting Entity System Transformation (REST) Program

The REST Program will replace the current AUSTRAC Online interface with a modern and user-friendly platform. This will improve AUSTRAC’s ability to process the significant volumes and types of data that you and other regulated entities provide to us on a daily basis. 

Several features have been delivered under the REST program to date, including:

• New capability to enable reporting entities to submit increased volumes 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 enabling our entities to report in international standard format (ISO 20022).

We have 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.

We are focused on delivering the following features in 2024 and 2025: 

• A new AUSTRAC Online platform to replace the current AUSTRAC Online
• New enrolment and registration forms to provide a more user-friendly experience for providing your business information to us
• Uplifting transaction reporting processes.

Get involved

Engagement with our stakeholders is important to the REST Program as we deliver functionality.

If you are a reporting entity or industry association and would like to get involved or provide general feedback, send an email to haveyoursay@austrac.gov.au with your name, position, and business name.

REST Guidance

Below are the latest REST program guidance and supporting documentation:

Further guidance will be provided in the future to ensure transition is made as easy as possible, enabling you to continue to meet your reporting obligations.

• 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. 
• Access quick reference guides to use the new user interface:
  
  • User login and access (PDF, 413KB)
  • 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)

Further guidance will be provided in the future to ensure transition is made as easy as possible, enabling you to continue to meet your reporting obligations.

The content on this website is general in nature 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.