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In today’s rapidly evolving business landscape, sustainable innovation is a strategic imperative. For mid-sized businesses, embedding sustainability into operations not only meets growing stakeholder expectations, but also unlocks new avenues for growth, efficiency, and resilience.

The AML Reforms introduce the concept of a 'reporting group'—a flexible model that allows both related and unrelated entities to manage and mitigate ML/TF risks under a single, comprehensive AML/CTF Program.

The introduction of Value Transfer Service obligations under Australia’s AML/CTF reforms significantly broadens the scope of compliance requirements, affecting a wide range of businesses and requiring new processes, technology, and training.

Australia’s AML/CTF reforms represent a fundamental shift from a prescriptive, compliance-based regime to a flexible, outcomes-focused framework – prioritising the effective prevention of money laundering, terrorism financing and proliferation financing, rather than merely following prescriptive rules.

Australia has commenced reforming its Anti-Money Laundering and Counter-Terrorist Financing (AML/CTF) regime including the ‘Tranche 2’ reforms, which expand AML/CTF compliance to apply to additional professions including lawyers.

Australia has commenced reforming its Anti-Money Laundering and Counter-Terrorist Financing (AML/CTF) regime including the ‘Tranche 2’ reforms, which expand AML/CTF compliance to apply to additional professions including real estate agents and conveyancers.

Embed ESG risks into strategy and culture to drive sustainability beyond compliance.

Last week’s Economic Reform Roundtable featured a mix of leaders from business, unions, civil society, government and other experts, who spent three days with Treasurer Jim Chalmers, Prime Minister Anthony Albanese and Finance Minister Katy Gallagher in the Cabinet room in Canberra.

The AML/CTF Reforms require reporting entities to develop and maintain AML/CTF policies that achieve both ML/TF/PF risk mitigation and management as well as AML/CTF compliance.

For family businesses, this demographic milestone signifies an important moment. As many founders and senior leaders approach retirement age, the need for thoughtful succession planning and effective intergenerational collaboration has never been greater. Navigating this transition isn’t just about handing over the reins – it’s about evolving the business while preserving its legacy.

This TA Alert incorporates all the relevant pronouncements and developments as at 17 July 2025.

The recent launch of Version 1 of the Australian Sustainable Finance Taxonomy (ASFT) by the Australian Sustainable Finance Institute (ASFI), in partnership with the Commonwealth Treasury, marks a significant milestone in the Treasury’s Sustainable Finance Roadmap.