Builders and developers must meet anti-money laundering laws
New federal AML/CTF laws take effect 1 July 2026, requiring builders and developers to comply with anti-money laundering and counter-terrorism financing obligations.
Anti-money laundering laws take effect from 1 July 2026
What are the new anti-money laundering laws for builders from July 2026?
Builders and developers must prepare compliance processes before the July 2026 deadline or risk penalties.
Key takeaways
- New federal anti-money laundering laws will start on 1 July 2026.
- Builders and developers must comply with the new AML/CTF requirements.
- The laws target money laundering and counter-terrorism financing in construction.
Related
Construction needs an effective enforcer not a paperwork obsession
The Housing Industry Association (HIA) warns that proposed national construction standards and new procurement rules miss the mark. It says the measures land hardest on home builders and argues for an effective enforcer rather than more paperwork.
Why it matters: Home builders and small residential contractors could face extra compliance paperwork and procurement requirements, adding admin time and cost to jobs without necessarily lifting building quality.
Potential Commonwealth Standards for the Construction Industry
The Housing Industry Association (HIA) says it backs a lawful, safe, productive and sustainable construction industry and has long called for structural reform. It says the consultation on potential Commonwealth standards proposes several measures it is concerned about.
Why it matters: Commonwealth standards could add new compliance requirements for builders and subcontractors across residential construction. The article gives no detail yet, so the practical impact on trades is unclear.
Secure Australian Jobs Framework
The article argues that residential building and its supply chains should be exempt from the Secure Australian Jobs Framework and any related procurement obligations. It says government effort should go towards improving productivity instead.
Why it matters: Builders and the trades working in residential construction could avoid extra procurement obligations and compliance work if the exemption is granted. Otherwise, supply chain and tendering requirements may change.