Does AUSTRAC's enrolment form auto advise legal and accountancy firms they're not required to enrol?
Yes, the AUSTRAC Online enrolment form has auto-termination logic that exits with a 'no obligations' message before any enrolment record is created.
Yes — the actual enrolment form (ABPF) has built-in auto-termination logic that exits the form with a "no obligations" message before any enrolment record is created. A firm that comes to the AUSTRAC Online portal intending to enrol can be routed out of the form entirely.
The trigger is sequential answers indicating the business neither provides (or proposes to provide) a designated service, nor sits as the lead entity of a reporting group whose other members do.
It is important to ensure you have understood and correctly answered the questions otherwise you may be incorrectly told you don't need to register but you are providing designated services.
Source: AUSTRAC's published list of enrolment form questions — https://www.austrac.gov.au/new-austrac/enrol-us/new-enrolment-form-questions
Related articles
- What is the key processes when I enrol with AUSTRAC?
- How should a firm answer AUSTRAC's enrolment question about offshore activity?
- For a conveyancing firm, which AUSTRAC industry type should be selected?
- Can easyAML enrol with AUSTRAC on the customer's behalf?
- What is included in the easyAML - AML Obligations brochure?