New AUSTRAC Online reporting forms are coming

AUSTRAC introduced new threshold transaction report and suspicious matter report forms in AUSTRAC Online from 1 July 2026, as part of changes supporting Australia's anti-money laundering and counter-terrorism financing reforms. The new forms were designed to reduce the amount of information reporting entities need to provide, simplify the user experience and include built-in checks intended to reduce errors on first submission, while continuing to give AUSTRAC and law enforcement partners the data needed to detect and disrupt financial crime.

Businesses newly brought within AUSTRAC's regulatory reach as part of the reforms became subject to reporting obligations from 1 July 2026 and were required to use the new forms from the outset of their obligations, with AUSTRAC making preview versions available in a training environment ahead of that date together with user guides and quick reference materials. For businesses already enrolled with AUSTRAC on or before 30 March 2026, transition arrangements apply, allowing continued use of the existing threshold transaction report and suspicious matter report forms until 30 March 2029 before the new forms become mandatory for them. There is no change to cross-border movement reporting or international funds transfer instruction reporting requirements as part of this update.

AUSTRAC received more than 2 million threshold transaction reports and over 450,000 suspicious matter reports in the preceding year, and expects both figures to rise as additional industries come under regulation as part of the broader reform program. Entities with existing AUSTRAC Online access are able to explore the new forms in the training environment before they are required to transition, and administrators can assign user access for that purpose.