Understanding changes to AML/CTF obligations and the Privacy Act for reporting entities
InsightUnderstanding changes to AML/CTF obligations and the Privacy Act: what reporting entities need to know.
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16 Jun 2026 3 min read

The reality is not every residential aged care operator will be captured by the new requirements – but some will, and whether you are or not comes down to the details of how your business operates.
If your organisation directly sells or transfers real estate (including long-term leaseholds >30 years) without an independent agent, you may likely fall within scope.
This is not just a compliance exercise – it’s about making the right strategic decisions for your business. Getting this wrong can lead to unnecessary cost, effort and operational disruption.
Equally, underestimating your obligations can expose your organisation to regulatory risk.
A considered assessment enables you to:
At Grant Thornton, we cut through the complexity to provide clear, practical advice tailored to your operating model. You’ll walk away with a confident view of where you stand and what you need to do next.
Book a complimentary, no-obligation 30-minute discussion to help you quickly assess your position and identify any immediate priorities.
Disclaimer
This is general information only. You’ll need to assess the legislation in detail against your full operating model to determine whether you’re captured under the Act.
Understanding changes to AML/CTF obligations and the Privacy Act: what reporting entities need to know.
The AML/CTF Amendment Bill 2026 gives AUSTRAC new powers to restrict or prohibit the use of high‑risk mechanisms such as crypto ATMs by reporting entities.
Australia’s Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) regime continues to experience change.