LockedOn and Tranche 2: Preparing for 1st July

What is Tranche 2 (and why it matters for real estate)

As you’re no doubt aware, Tranche 2 is a major expansion of Australia’s anti-money laundering laws – bringing real estate agents into the regulatory framework from 1st July 2026. For the first time, agents will be treated as “reporting entities” – in simple terms, it shifts real estate from being a passive channel to an active line of defense, requiring greater visibility over who your clients are and where their funds are coming from.

This is more than a simple compliance box to tick – it will become part of how your business operates day to day. Agencies will be required by law to verify client identities, understand source of funds, monitor transactions and report suspicious activity, all under a formal AML/CTF program.

You can find out more about Tranche 2 at www.austrac.gov.au.

LockedOn and preparing your agency for Tranche 2

The key takeaway is to start early. The agencies that build these processes now will be better positioned – not just for compliance, but to run a more professional, trusted and future-ready business.

With that in mind, the team at LockedOn (alongside our AML partners) are committed to providing an end-to-end, seamless experience within your CRM.

Our goal is to:

• through our partners, guide and prepare your agency for this transition
• build seamless workflows and features to simplify the process for your agents
• make compliance easy – not a burden.

In a nutshell – we want to take a process that sounds complex, and make it as easy as the click of a button.

Next steps

Over the coming weeks, we will be announcing our AML partners – as well as updated features, workflows, training, support and resources so you can be fully prepared for these new requirements.

Keep an eye on your inbox – and let’s get ready for Tranche 2!