Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF)
Our Approach to Privacy
From 1 July 2026, Australian anti-money laundering and counter-terrorism financing laws apply to real estate professionals who broker the purchase, sale or transfer of property.
These laws require real estate agencies, including Golden Peak Property, to carry out certain checks before and during a property transaction.
The purpose of these requirements is to help protect Australia’s property market from money laundering, terrorism financing and other serious financial crime.
What this means for our clients
When you engage Golden Peak Property to sell a property, or when you purchase a property through our agency, we may need to collect and verify information about you.
Depending on the circumstances, we may ask you to provide:
- your full legal name, date of birth and residential address;
- a current government-issued photo identification document, such as a driver licence or passport;
- information confirming your authority to act for another person or entity;
- company, trust or beneficial ownership information;
- information about the nature and purpose of the transaction;
- information about the source of funds or source of wealth, where required; and
- additional supporting documents where a transaction or customer presents a higher level of risk.
The information required will depend on whether you are acting as an individual, company, trustee, partnership, attorney, executor or on behalf of another party.
When will the checks take place?
Golden Peak Property may need to complete customer due diligence before commencing a regulated real estate service.
For sellers, this may occur when we are appointed to act in connection with the proposed sale of a property.
For buyers, checks may be required when you become a customer of the agency in connection with a proposed purchase or where further due diligence is required during the transaction.
We may also need to request updated or additional information if:
- the information previously provided changes;
- another person or entity becomes involved;
- the ownership or control structure is unclear;
- funds are being provided by a third party or from overseas; or
- the transaction presents unusual or higher-risk circumstances.
Why are you asking for my identification?
These checks are legal requirements and form part of our customer due diligence obligations.
Being asked to provide identification or supporting information does not mean that you are suspected of wrongdoing. Similar checks will apply throughout the Australian real estate industry.
We appreciate your cooperation in helping us meet our legal obligations and protect the integrity of the property market.
Companies, trusts and other entities
Where a customer is a company, trust or other legal arrangement, we may need to identify and verify:
- the entity itself;
- directors, trustees or authorised representatives;
- individuals who ultimately own or control the entity;
- beneficiaries or other relevant parties; and
- the authority of the person instructing us.
Additional documents may include an ASIC company extract, trust deed, partnership agreement, power of attorney, probate documents or other evidence of authority.
Source of funds and source of wealth
In some circumstances, we may need to ask how a property purchase or transaction is being funded.
This may include information about:
- savings;
- bank finance;
- proceeds from the sale of another property;
- business or investment income;
- inheritance or gifts;
- funds supplied by another person; or
- funds transferred from overseas.
We will only request information that is reasonably required for us to complete our legal and risk-based checks.
Ongoing monitoring and further enquiries
Our obligations do not end after the initial identity check.
During a transaction, we may need to review new information, clarify unusual circumstances or request further documents.
Where we are unable to complete the legally required checks, we may be unable to commence or continue providing the relevant service.
Privacy and record keeping
Information collected for AML/CTF purposes will be handled in accordance with applicable privacy laws and Golden Peak Property’s Privacy Policy.
We are required to create and securely retain certain AML/CTF, customer due diligence and transaction records. Records covered by the AML/CTF regime will generally need to be retained for seven years.
We will take reasonable steps to protect the personal information we hold against misuse, interference, loss and unauthorised access or disclosure.
Confidential reporting obligations
Golden Peak Property may be required by law to report certain transactions or suspicious matters to AUSTRAC.
The law may prevent us from advising a person that a suspicious matter report has been made or that certain information has been provided to AUSTRAC.
Our commitment
Golden Peak Property is committed to complying with Australia’s AML/CTF laws while making the identification and verification process as clear and straightforward as possible for our clients.
Our team will explain what information is required and assist you through the process.
Questions?
For questions regarding Golden Peak Property’s AML/CTF verification process, please contact:
Our AML/CTF Compliance Officer: Amelia Chu
Email: amelia@goldenpeakproperty.com.au
Phone: 02 9904 8878
This page provides general information only and does not constitute legal advice. Requirements may vary depending on the customer, ownership structure and circumstances of each transaction.
Last updated: July 2026