Tranche 2 Next Steps (If You Already Know the Basics)
The definition of Tranche 2 does not need another long article. Firms who already understand it need a next step and a price.
This page is not the head explainer
If you need what Tranche 2 is, who it covers, and the obligation list, use the Tranche 2 guide and AUSTRAC. This note is the short “what next” for firms that already know the headline.
What to do after the definition
- Confirm the service is designated. The hub page lists the sectors; your engagement letter is the evidence.
- Enrol on AUSTRAC's site. Late and post-enrolment operations are in the enrolment satellite.
- Write the risk rating down. The guided flow is at /risk-assessment.
- Collect CDD on the matters that need it, from /aml-check.
Client-pays, once you are past the explainer
FreeAML does not charge a monthly platform fee. A check is $20 for an individual and $40 for an entity. Client-pays means your client's card covers that check. The comparison with subscriptions and consultants, including a client-pays column, is on the AML compliance cost page. List prices stay on /pricing.
Client-pays callout
Firm suite can stay at $0. The verification is either your firm's $20 / $40 or the client’s card. Say which one on the quote. It is not an AUSTRAC charge.
Where to go next
- Tranche 2 guide — the page that should rank for the definition
- AML checks for accountants and the designated-services note
- Conveyancing and SimpleAML
- Best AML software if you are still choosing a tool
📚 Related Resources
Free KYC Check →
Verify customer identity in 60 seconds. Government ID + AML screening.
Free AML Program →
Board-ready AML/CTF Program template. All 10 AUSTRAC sections included.
Risk Assessment Generator →
AI-powered ML/TF risk assessment. 20-page compliant report in 5 minutes.
Free AML Training →
Online courses for staff. CPD-certified certificates included.
AUSTRAC Reporting Tools →
File SMRs, TTRs, IFTIs directly to AUSTRAC. Pre-filled forms.
Frequently Asked Questions
Open the Tranche 2 guide
Obligations, sectors, and dates live on the hub. Come back here only for the next step.
Read the Tranche 2 guideQuestions: team@freeaml.com.au