Business sale that includes a property
A business sale that includes a property can be two designated-service questions. The business contract and the land transfer are not one customer just because they settle together.
Quick answer
A law firm on a suburban business sale reads its own service, and the conveyancer or agency on the freehold reads theirs. One shared data room does not merge the CDD files. Each firm emails its own client a link when its program requires a check, and the client pays that check. Neither firm borrows the other's result unless its own program says how.
People search “business sale property AML” when a law firm is instructed on a business sale and the contract also transfers the shop's freehold. Checked against AUSTRAC's real estate designated services page on 4 October 2026. This is general information, not legal advice. This page does not reproduce that guidance. Assisting the land transfer is AML for conveyancers assisting a transfer. The sector map is /tranche-2.
Two contracts, two programs
Business sale property AML matters go wrong when the headline is 'sale of business' and the land transfer is treated as a schedule. The buyer can be purchasing shares or assets, and also taking the freehold. A professional firm tests the service it was engaged to provide, and the firm assisting the land transfer tests that service. An agency, if there is one, tests its own.
Do not pass one CDD pack around the table and call it shared compliance. Another firm's result is information. It becomes your record only in the way your program allows. This page does not write that permission for you.
- Name the limb. Business contract, land transfer, and any lease assignment are separate lines. One cover sheet is not one service.
- Name the customer of your firm. The buyer of the business may not be the customer of the agency. Each program says who its customer is.
- Do not reuse a check on hope. A company KYB for the law firm is not automatically the conveyancer's file. Send the link your program requires.
- Watch the price story once. How the price is paid can matter to more than one firm. Each firm records what its own program asks. Nobody coaches a cleaner story.
Which file is whose
A sorting aid when the shop and the freehold move together. This table does not reproduce AUSTRAC's designated-services guidance.
| Piece of the deal | Who tests it | The collapse |
|---|---|---|
| Sale of the business or the shares | The law firm, if that work is its designated service | Calling the whole contract just the shop |
| Transfer of the freehold | The firm assisting that transfer | Ignoring the land because the headline is a business sale |
| A lease assignment | Whoever is engaged on that document | One CDD file for every name on the cover |
| The buyer of both | The customer of each firm whose program says so | One check reused across firms with no rule for it |
Where the business-sale page stops
This page is the split between the business and the property. It is not the agency's whole compliance note. That sits on real estate AML compliance. This page does not decide which item in the Act applies to your retainer.
What the client pays
On FreeAML the firm suite is A$0. The firm emails the client a link. Verification is client-pays. On the public list a personal KYC check is A$20 and a company or trust KYB check is A$40. Use KYB when the customer is a company or a trust. A combined business-and-land matter is not one bundled check inside the firm suite. Confirm the live amounts on FreeAML pricing. FreeAML does not decide which limb of a business-and-property sale is a designated service.
📚 Related Resources
Lawyer AML Toolkit →
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Frequently Asked Questions
One firm, one program, one link.
The firm suite is A$0. The client pays. Use KYB when that firm's customer is a company or trust, and KYC when the customer is a person.
Start an AML checkQuestions: team@freeaml.com.au