The RAAS Group has been a part of the real estate industry since 2002 and has evolved to be one of the largest Management Rights specialists in Australia. But we are so much more than just specialists.

AML/CTF: What It Actually Means for Your Residential Sale or Purchase

Compliance Update
Residential
Effective 1 July 2026

AML/CTF: What It Actually Means for Your Residential Sale or Purchase

A closer look at the costs, the checks, and the timing  ·  Ras360 Property Solutions

From 1 July 2026, Ras360 cannot take a property to market or to settlement without verifying the identity of everyone involved, both vendor and buyer. This is now a legal precondition of the transaction proceeding. Here is what gets checked, when it happens, what it costs, and the one decision that can save buyers from doing it twice.

The Short Version

For most people this is a five-minute process to submit your details via a secure gateway. AML Hub’s standard turnaround is typically 2 to 4 hours for individuals, and 48 hours for companies and trusts. But there are a few places it can genuinely slow things down if it is left too late.

No verification, no settlement. Identity checks are now a legal precondition of every transaction proceeding.

When You Will Actually Be Checked

The timing of your verification depends on whether you are buying or selling, and whether you are transacting as an individual or through an entity.

If You Are Selling

At Listing

Verification happens when you sign the listing or agency agreement, before your property goes to market. We cannot formally list without it. You will be asked to provide an approved ID and a brief statement of why you are selling.

 If You Are Buying

At or After Contract

Verification must be completed at contract signing or within 15 days of going unconditional. In practice, we will ask for this the moment you go unconditional, as an incomplete check can hold up your path to settlement.

 Company, Trust or SMSF

Allow Extra Time

AML Hub will need to identify the beneficial owners, the actual individuals who own or control the entity. This means additional ID from each director, trustee, or beneficiary with a controlling interest, plus the entity’s constitution or trust deed.

What It Costs

Ras360 has partnered with AML Hub, a specialist compliance platform used across real estate, legal, and finance sectors, to run our verification process. As the seller, you cover the verification fee for both checks on your transaction, your own, and the subsequent buyer’s, payable at listing as part of your marketing and administration costs.

One Fee, Both Parties

A single fee per buyer and seller group covers both verifications, not an individual fee per owner or buyer.

Pay Later Option

The verification fee can be deferred via our pay-later partner, Campaign Agent, if preferred at time of listing.

No Cost to Buyers

For buyers, verification is already covered as part of the vendor’s listing costs. One less thing to budget for.

This is a market-standard cost across every agency, conveyancer, and financial institution now subject to these laws. It is not a Ras360 markup, not a recurring cost, and not a commission. Your agent will confirm the exact figure at the time of listing.

Buyers: How to Avoid Being Verified Twice

  • AML reliance arrangements allow one regulated professional to rely on verification already completed by another, provided it was done properly and recently.
  • Real estate agents, conveyancers and solicitors are all regulated entities under Tranche 2, so a valid check with one can count across the transaction.
  • Engage a conveyancer or solicitor we work with — we will advise which firms we hold reliance agreements with, so your check counts once instead of twice.
  • Note: reliance applies to buyers only. As the seller, your verification is always completed directly through AML Hub at listing, regardless of which solicitor or conveyancer you use.

What Has Not Changed

  • Leasing and property management are unaffected These obligations apply to sales transactions only. If you rent or we manage your investment, nothing changes.
  • Your information stays protected Everything collected is handled under the Privacy Act 1988, used only for compliance purposes, and never shared beyond what the law requires.
  • This applies to every agency in Australia These are federal legislative requirements, not a Ras360 policy. Every real estate agency is bound by the same rules from the same date.

What To Do Now

Listing soon? Expect your verification request as part of your listing paperwork. There is no avoiding this step before we can market the property, and it covers your buyer checks too.
Buying and already have a solicitor or conveyancer? Ask them now whether they are AML/CTF-ready and whether a reliance arrangement with Ras360 can apply to your purchase. If you do not yet have legal representation, this is a good reason to lock in one of our conveyancing partners.
Transacting through a trust, company, or SMSF? Flag this with your agent as early as possible so we can get the beneficial ownership documentation moving in parallel with everything else.
Ras360 Property Solutions

Residential Sales  ·  Gold Coast & South East Queensland

07 5509 1700
ras360.com.au

Questions Before Your Next Transaction?

Reach out to your Ras360 broker directly or call our office and we will walk you through what to expect.

Call 07 5509 1700

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