For AU conveyancers, Tranche 2 hits 1 July 2026
You’re a conveyancer.
We did the work for you.
From 1 July 2026, every settlement you handle is a designated service under the AML/CTF Act. You don’t have time to build a compliance program from scratch alongside your actual matters. Caltury runs it for you: enrolment, Program, KYC, sanctions screening, beneficial owners, SMR/TTR/IFTI drafting, 7-year records. Set up in one evening. From A$99 a month. Founder replies to every email.
Free until 1 July · no card · Sydney hosted · cancel anytime
Conveyancing Tranche 2 facts
01 Jul 2026
- AU registered conveyancers
- ~9,000
- Civil penalty cap
- A$22.2m
- SMR lodgement window
- 3 business days
- IFTI lodgement window
- 10 business days
- Caltury starting price
- A$99 ex GST/mo
Source: AUSTRAC, AML/CTF Act 2006 (Cth)
Built to
AUSTRAC AML/CTF Act 2006
Identity
Stripe Identity
Sanctions
OpenSanctions
Hosted
Sydney, AU
When the customer is an entity
The buyer is a company. Caltury captures every controller.
Tranche 2 requires you to identify every individual with 25% or more of an entity customer. Caltury auto-detects directors and shareholders from the ABN/ACN, builds the related-party tree, and screens every controller against sanctions and PEP lists in the same step. You see one screen, not five.
- Companies, trusts, partnerships, SMSFs — branched form built in
- AUSTRAC AML/CTF Rules part 8 captured for each controller
- PEP/sanctions screening runs on every party
Entity customer · related parties
4 mappedNorthbridge Holdings Pty Ltd
Corporate trustee
Anika Rao
Director · 40%
Daniel Rao
Director · 35%
Rao Family Trust
Beneficiary class
Sanctions & PEP · OpenSanctions
Why this hits you
Settlement is the moment of risk.
Cleared funds verification is a known weak point
AUSTRAC has flagged the settlement-day inflow of buyer funds as a high-risk vector, especially when funds arrive from offshore institutions or via third-party trusts. Tranche 2 makes that verification an obligation, not a courtesy.
Trustee and corporate buyers need beneficial-owner capture
A buyer's name on the contract is not enough. For company buyers you must capture the 25%+ owners. For trust buyers you must capture the trustee, settlor, and beneficiaries. Caltury branches the customer form by entity type so the right questions are asked.
Cross-border instructions trigger IFTI
Receiving settlement funds from a buyer's overseas account or instructing an outgoing wire on behalf of a vendor triggers an International Funds Transfer Instruction report. Within 10 business days. The penalty for missed IFTIs is strict liability.
The workflow
How a settlement flows through Caltury.
Contract signed, customer created
You record the buyer and vendor as customers, set the designated service to 'conveyancing of real property', and capture initial risk indicators. Vertical-tuned questionnaire, ~3 minutes per party.
KYC + beneficial ownership captured
Stripe Identity verifies individuals against the AU Document Verification Service. Company / trust buyers get the right branched form so trustees, settlors and beneficiaries are recorded. No KYC, no proceeding to settlement.
Sanctions and PEP screening
Every party screened against OpenSanctions (DFAT, OFAC, EU, UN, ~150 lists). Re-screen cadence set automatically based on the customer's risk rating.
Risk-rate the matter
Factors are weighted by Caltury (high-value, offshore funds, structured payments, complex beneficial-owner chain). The rating drives the cadence of ongoing due diligence on this customer.
Cash transactions over A$10k trigger TTR
If any portion of the settlement is physical-currency or e-currency A$10k+, Caltury auto-drafts the TTR with conductor, transaction location, and AUSTRAC-format fields. You review and lodge in AUSTRAC Online within 10 business days.
Cross-border movements trigger IFTI
Outgoing or incoming international funds instructions auto-draft the IFTI with sender / recipient / institution data. Same 10 business-day deadline; Caltury tracks the clock and surfaces it on the dashboard and calendar feed.
7 years in the vault
Every record (matter, KYC, screening, reports, decisions) is kept for 7 years with append-only audit logging. Export at any time. The 7-year clock runs from the later of creation or end of the customer relationship per Rules ch.11.
Scenarios
What it looks like when something is off.
Not ready to start? Get the free Tranche 2 checklist.
The 40-point checklist covering AUSTRAC enrolment, your AML/CTF Program, KYC, sanctions screening, record-keeping and staff training. We email you the link plus a few short, useful follow-ups on getting ready before 1 July 2026. Unsubscribe in one click.
10 days until 1 July 2026