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New identity requirements for property transactions
印花税计算器
在投资商业物业等大型资产时,印花税始终是计算初始成本基础及预期回报的重要考量因素。这笔支出往往无法避免,并且在确定最终购置价格之前,通常难以准确预估。
What's changed, in three points
Australia's AML/CTF laws have been expanded for the first time in 17 years. From 1 July 2026 they apply to real estate professionals — including buyer's agencies like Rethink Investing.
01
A new legal obligation
When an eligible client property settlement is finalised through Rethink Group, a contribution is automatically allocated to Rethink Legacy.
02
A simple ID
check
Before we begin working with you, we'll ask you to confirm your identity — much like the checks your bank or lawyer already carry out.
03
Quick and
secure
Most clients complete it in a fewminutes through a secure platform, and your information is handled in line with our Privacy Policy.
Whether you're buying or selling
The requirements apply to all parties in a property transaction we're involved in. What we'll need is broadly the same — here's how it looks for each.
IF YOU’RE BUYING
BUYING CLIENTS
We'll send your ID verification link alongside your onboarding and sign-up forms.
Tell us early how you intend to buy — as an individual, company, trust or SMSF — so we send the right forms.
If you buy through a company or trust, we'll also confirm the people who own or control it.
Checks must be complete before we can act for you.
IF YOU’RE SELLING
VENDORS & SELLERS
The same identity checks apply to vendors in transactions we're involved in.
We — or the selling agent — will let you know what's needed at around the point of contract.
For company or trust-owned property, we'll confirm ownership and control details.
Where checks have already been completed by another regulated party, we may be able to rely on them.
Frequently asked questions
Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) laws are designed to stop criminals from using legitimate businesses and transactions to “clean” the proceeds of crime or to fund terrorism. Property is a common target because it's high value, so from 1 July 2026 real estate professionals — including buyer's agencies — are required to help prevent this. The regime is overseen by AUSTRAC, Australia's financial crime regulator.
Because we're now legally required to. As a reporting entity under the AML/CTF Act, we must confirm the identity of the people and entities we act for before providing our services. We've built clear, consistent processes to make this straightforward, and we collect only what the law requires.
The identity requirements apply to the clients we act for in a property transaction — both buyers and, where relevant, vendors (sellers). This covers all property types, including residential, commercial and rural. If you're purchasing or selling through a company, trust or self-managed super fund, the checks also extend to the individuals who own or control that entity.
Customer Due Diligence is simply the process of verifying who our client is, and — where an entity such as a company or trust is involved — identifying the people who own or control it. It's required under the AML/CTF Act and must be completed before we can provide our services under our agreement with you.
- Verifying your identity
- Identifying beneficial owners (for companies, trusts and SMSFs)
- Understanding the nature and purpose of the transaction
- Additional checks where a transaction is assessed as higher risk
Depending on your circumstances, we may ask for:
- Your full legal name, date of birth, occupation and residential address
- Identity document details (such as a passport or driver's licence)
- Ownership and control details for a company, trust or SMSF
- Information about the nature and purpose of the transaction
- Source of funds or source of wealth information, where required for higher-risk transactions
Your information is used only to meet our legal obligations — to verify identity, assess risk, and keep the compliance records the law requires. We collect only what's necessary and handle it securely and confidentially in accordance with the Privacy Act 1988 and our Privacy Policy. Records are retained for a minimum of seven years, as required by law.
Possibly not. Where your lawyer or conveyancer has already completed the required identity checks, we may be able to rely on their checks rather than duplicating them. The earlier you engage your legal representative, the more likely we can avoid asking you twice — which makes the whole process faster and easier. Let us know who's acting for you and we'll take it from there.
Unfortunately, if the required identity information isn't provided, we're not able to lawfully act for you or provide our services. Completing these checks is a legal precondition to us getting started — so the sooner they're done, the sooner we can get to work for you.
No. These are national laws that apply to every real estate professional, buyer's agency, lawyer and accountant involved in property transactions across Australia from 1 July 2026. You may notice similar requests from others involved in your transaction. We're simply meeting the same obligations, and aim to make our part of it as smooth as possible.
A quick word of reassurance
These checks aren't about suspicion — they're a standard, universal requirement that protects the integrity of property transactions and everyone involved in them. We've designed our process to be quick, secure and respectful of your time. Ifanything is unclear, we're always happy to talk it through.
Regulatory note. This information is provided in accordance with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) and associated rules, under the supervision of the Australian Transaction Reports and Analysis Centre(AUSTRAC). It is general information about our obligations and does not constitute legal advice.

