New additions to the Form 6/6A schedules – designed to help you remain AML/CTF compliant

With Anti-Money Laundering and Counter Terror Financing (AML/CTF) laws in effect from 1 July 2026, we’ve provided valuable additions to our Form 6/6A schedules to help you remain compliant and to provide clarity and extra protections when interacting with clients regarding AML/CTF requirements.

The amended Form 6 schedules reflect the new statutory obligations placed upon real estate agents.

Impacted forms

The applicable Form 6 schedules which capture the above amendments are:  

• EF005a - PO Form 6 + REIQ Residential Sales Schedule & Terms
• EF051a - PO Form 6A + REIQ Commercial and Industrial Sales & Lease Schedule & Terms
• EF002 - PO Form 6 + REIQ Purchases Schedule & Terms
• EF033 - PO Form 6A + Business Brokers Schedule & Terms

New section: Anti-Money Laundering and Counter-Terrorism

This section sets out agents’ statutory obligations under the AML/CTF Act and explains the framework within which services may be provided. In particular, it is intended to ensure transparency regarding the agent’s legal obligations and the processes required to comply with AML/CTF.

This new section will enable agents to collect the information they need for AML/CTF compliance purposes and disclose it to third parties for verification, including to relevant authorities and service providers.

New Clause: 3A – Termination by Agent

In light of agents’ obligations to collect customer information and undertake risk assessments, there may be circumstances where the agent is unable to proceed with an appointment.

Accordingly, this clause has been included to provide agents with the ability to terminate the appointment where compliance with AML/CTF obligations is impractical or cannot be achieved. This may arise, for example, where a client refuses to provide the information required to complete customer due diligence, or where an agent is unable to, or reasonably considers they cannot, satisfy their AML/CTF compliance obligations.

New definition: AML/CTF Laws

A definition for AML/CTF laws has been included at Definition 1.3.

New Form: Annexure – AML/CTF Costs Variation (PO Form 6 and PO Form 6A)

The REIQ has received a number of enquiries regarding how AML/CTF related costs should be passed on to clients and counterparties.

As these costs will vary depending on a range of factors, such as the number of clients and counterparties involved in a transaction, as well as the technology providers engaged and their associated fees, it has been identified that there is no single or standardised approach to recover costs across agencies.

Accordingly, this annexure has been designed to provide flexibility, allowing agents to vary the AML/CTF costs outlined in Part 8 of the Form 6 or Form 6A once the final costs have been determined.

We strongly encourage all agents to review the amendments and new forms and familiarise yourself with the content of these.

If you have any questions about the clause or its operation, we recommend you seek independent legal advice.

Watch this video from REIQ CEO Antonia Mercorella offering guidance on the new schedules.

Real estate professionals can also access our AML/CTF Toolkit for step-by-step assistance with the incoming reforms.