Important Update: New Identity Verification Requirements for Property TransactionsAt Hyland Realty, we are committed to maintaining high standards of professionalism, compliance and security.
From 1 July 2026, new Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) laws will apply across Australia’s real estate industry. These changes introduce additional identity verification requirements for property transactions to help reduce financial crime and protect the market.
What This Means for Our Clients
If you are buying, selling or investing, we may need to verify your identity before proceeding. This may include:
– Proof of identity (e.g. driver’s licence or passport)
– Confirmation of your address
– Details of any company, trust or legal entity involved
– In some cases, information about the source of funds
These requirements are mandated by law.
How Your Information Will Be ManagedYour information will only be used to meet AML/CTF obligations. Hyland Realty will handle all personal data in line with the Privacy Act 1988 (Cth) and will only collect what is necessary.
If Verification Cannot Be Completed
If we cannot verify your identity, we may be unable to proceed with certain services until requirements are met. Providing information promptly will help avoid delays.
Supporting You Through These Changes
Our team is here to make this process simple and efficient. If you have any questions, please contact Hyland Realty.
Thank you for your continued trust in Hyland Realty.
