If you are buying or selling a house, unit, land or other property after 1 July 2026, there are new rules you need to know about.

These rules are being introduced across Australia to help stop money laundering and other financial crimes.

If you are buying or selling property, you can expect to be asked to:
Show proof of who you are;
Provide photo identification such as a driver’s licence or passport;
Show where your money came from;
Provide bank statements or other documents showing how you obtained the money;
Answer extra questions about the transaction;
Provide information earlier than you may have done in the past;
Give documents to your lawyer, conveyancer, real estate agent or financial adviser when requested;
Keep records and paperwork related to the purchase or sale

If you are planning to buy or sell property, it is a good idea to:
Check that your identification documents are current;
Gather documents that show where your money came from;
Keep copies of bank records and financial documents;
Respond quickly if professionals ask for more information;
Allow extra time for paperwork and checks before settlement.

The new rules may mean more paperwork, but they are designed to help make property transactions safer and more transparent for everyone.