From 1 July 2026, changes to Australia’s Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) legislation will extend to certain services provided by accounting firms and other professional service providers.

These reforms are being introduced by the Australian Government and administered by AUSTRAC. As part of these changes, SRJ Walker Wayland may be required to collect, verify and maintain certain information about clients when providing designated services.

For most existing clients, there will be little or no immediate impact. However, there may be circumstances where we are required to request additional information or documentation to meet our legal obligations.

To help you understand these upcoming changes, we have included the information sheet below, developed in collaboration with DVT Mcleods, a fellow member firm of Walker Wayland Australasia. It provides an overview of the reforms, explains why they are being introduced, and outlines when additional information may be required.

If you have any questions about the upcoming AML/CTF requirements or how they may apply to your circumstances, please contact your usual SRJ Walker Wayland adviser.