Exposure Draft AML/CTF Transitional Rules
Submission Date: 10 March 2026
The Law Council of Australia provided feedback to the Department of Home Affairs (Department) on the Exposure Draft Anti-Money Laundering and Counter-Terrorism Financing Transitional Rules 2026 (Exposure Draft Transitional Rules), published for comment on Friday, 20 February 2026.
This submission first provides general comments on the Exposure Draft Transitional Rules, then provides detailed comments on the proposed rules.
The Law Council is grateful to its Anti-Money Laundering and Counter Terrorism Financing (AML/CTF) Working Group and Financial Services Committee for their assistance in preparing this submission.
For ease of reference, in the letter that follows we refer to:
- the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) and the Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2024 (Cth) as an integrated whole;
- the Anti-Money Laundering and Counter-Terrorism Financing Rules 2025 as the Rules; and
- the Anti-Money Laundering and Counter Terrorism Financing legislative regime as the Regime.
Last Updated on 10/03/2026