Individuals, businesses and organisations have legal obligations if they provide designated services.
Businesses and organisations must provide AUSTRAC with updated annual earnings so they pay the correct industry contribution levy amount.
Businesses must enrol any new business that provides designated services through AUSTRAC Online.
Businesses, organisations and individuals who provide designated services need to enrol with AUSTRAC so they comply with the law.
Remitters and digital currency exchange providers must apply to renew their registration every three years.
Individuals, businesses or organisations that no longer offer designated services must apply to be removed from AUSTRAC’s roll or register.
From 7 January 2025, solicitors are no longer regulated under the Financial Transaction Reports Act 1988 (FTR Act).