What Tranche 2 compliance costs versus the RIS averages
A Regulation Impact Statement average is an economy-wide figure across many sectors. It is not a quote for a two-partner firm; the costs you can actually see are your time on the program, and the per-customer check.
Quick answer
Do not budget the RIS average as if it were an invoice. Split one-off work (the starter kit and enrolment), recurring work (training and reviews), and the check itself. On the public list the client pays A$20 for personal KYC and A$40 for company or trust KYB. The firm suite is A$0; this page does not reproduce the RIS tables.
People search “how much does AML compliance cost” when a two-partner firm is holding a government average next to a software price and treating them as the same kind of number. Checked against the Home Affairs page on being regulated on 4 October 2026. This is general information, not legal advice. This page does not reproduce that guidance. A wider cost discussion is AML compliance cost in Australia. Whether you can pass a check to the client is charging the client for an AML check. The sector map is /tranche-2.
An average is the wrong denominator
The Regulation Impact Statement spreads cost across firms that do not look like a suburban practice. Using that average as a budget creates two mistakes. One is planning a large project you will not run.
The other is treating the average as a cap and then skipping the program. Neither mistake tells you what this firm will spend. The honest split is time you cannot buy from a blog, and checks with a published price.
- One-off time. Reading which services are designated, customising the starter kit, and lodging enrolment. That time is yours.
- Recurring time. Training, the compliance officer’s oversight, and reviews when a trigger fires.
- Per customer. The verification the program requires. On FreeAML the client pays it.
- Leave the RIS table alone. If you need the government figures, read the government document. This page will not reprint them.
Three piles of cost
How a small firm can sort cost without the RIS average. This table does not reproduce any Regulation Impact Statement.
| Pile | What it is | What it is not |
|---|---|---|
| Program setup | Partner time on the starter kit and approval | A software subscription that writes the program |
| Staying enrolled | Updates when details change, plus training records | A fine this page will not invent |
| Each check | Client-pays KYC or KYB at the list price | A share of a national average |
| The RIS average | An economy-wide figure in a government document | Your quote |
Where the average page stops
This page is the comparison with the RIS average. It is not the general cost article, and it is not the rules on charging a client. Those are AML compliance cost in Australia and charging the client for an AML check.
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. The firm suite does not include a cost model, and it does not turn a government average into your budget. Confirm the live amounts on FreeAML pricing. FreeAML does not turn a Regulation Impact Statement average into your budget or quote a sector’s costs.
📚 Related Resources
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Frequently Asked Questions
The check has a list price. The average does not.
The firm suite is A$0. The client pays. Personal KYC is A$20. Company or trust KYB is A$40.
View pricingQuestions: team@freeaml.com.au