AML/CTF knowledge for tax agents
Separate routine tax work from designated services and operate defensible scope, CDD, ownership, risk and reporting controls.
- For tax agents5 min
Which tax agent services are designated under Tranche 2, how to distinguish routine tax advice from captured work, and the obligations Australian tax practices must meet from 1 July 2026.
- Company, trust and SMSF formation5 min
A service-based guide to when tax-agent work creating a company, trust or SMSF becomes a professional designated service and what must happen before the work starts.
- Tax advice versus transaction work5 min
How Australian tax practices distinguish general tax advice from active work that directly advances a business, company, trust or real-estate transaction.
- Client money and tax-payment boundaries4 min
A practical explanation of table 6 item 3 for tax practices, including receiving, controlling or managing client property and the principal statutory boundaries.
- Entity CDD for tax practices4 min
A practical CDD workflow for tax practices onboarding companies, partnerships, trusts and SMSFs for designated services under Australia's AML/CTF regime.
- Tax agent checklist4 min
A file-ready AML/CTF checklist for Australian tax agents: scope decisions, enrolment, CDD, reporting, training and the records AUSTRAC can ask for.
- Trustee and director roles4 min
When a tax agent acting as trustee or director provides item 7 or item 8 services, and the CDD and risk controls those roles require.
- Records and audit evidence3 min
What tax practices must retain under AML/CTF, how to store CDD and reporting evidence, and how to respond when AUSTRAC or the TPB asks to see it.