Compliance for Lawyers & solicitors
Law firms providing designated services. LPP applies, but Tranche 2 obligations otherwise apply.
Published obligations that apply to lawyers & solicitors (5)
- criticalCWLTHConduct conveyancing via PEXA (e-conveyancing) where mandated
Most state property transactions must be lodged electronically via PEXA or sympli.
- criticalCWLTHEnrol with AUSTRAC as a reporting entity
Tranche 2 entities must enrol with AUSTRAC by 29 July 2026.
- criticalCWLTHMaintain a written AML/CTF program
Every reporting entity needs a documented AML/CTF program — Part A risk + Part B systems.
- criticalNSWNSW + VIC solicitor trust account requirements
Solicitors holding client trust money face strict trust account + audit requirements.
- criticalCWLTHTrust account audit + ASIC / state regulator submission
Holders of client trust accounts (real estate, legal, conveyancing) must lodge annual audited accounts.