Does every accounting firm need to enrol with AUSTRAC?

Accounting practices that provide designated services must enrol with AUSTRAC as reporting entities.

Enrolment opened from 31 March 2026, with the new obligations applying from 1 July 2026.

This is a requirement placed on Extrado rather than on you as a client. However, it is the reason you will notice new verification and compliance processes when working with us.

By Ian Shaw|2026-07-23T15:29:11+10:00July 23rd, 2026|Categories: AML/CTF|

About the Author: Ian Shaw

Ian Shaw is a director of Extrado with over 20 years experience. Ian holds honours degrees in both Accounting and Information Systems as well as being a Chartered Accountant (CA). Ian specialises in small business startups with a focus on business structuring. His IT experience means Ian is well suited to advise clients on the setup and implementation of computerised bookkeeping systems including QuickBooks Online, Xero, MYOB and Reckon.

Advise. Assist. Achieve.

Does every accounting firm need to enrol with AUSTRAC?

Does every accounting firm need to enrol with AUSTRAC?

About the Author: Ian Shaw