If I could say one thing …. it’s that estate planning is not only for the wealthy. If you have money in the bank, a vehicle, some equity in a property or some superannuation, you should speak to someone about what would happen with those things if something happened to you. This is especially important if you have children and/or a life partner. Every body can benefit from ensuring their finances (and their families) are properly taken care of after their death.
Now that AML/CTF compliance obligations are upon us, what transactions require checks and what transactions are exempt in the property realm?
Anti-money laundering and counter-terrorism financing (AML/CTF) reforms came into effect on 1 July 2026. These checks are a standard legal requirement and apply to many clients and services. For property solicitors and conveyancers, more formal due diligence and...
