Welcome to T & W McCormack Pty Ltd

Helping you with all your Sales, Rentals and Livestock needs

Anti-Money Laundering and Counter Terrorism Financing Requirements for Home Buyers and Sellers
Overview
From 1 July 2026, new Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) laws will apply to certain services provided by real estate agencies.
If you are buying or selling a property on or after 1 July 2026, your real estate agent is legally required to complete a Customer Due Diligence (CDD) process, before providing designated services. This process is designed to verify your identity and may include:
* Identity verification
* Screening against sanctions and Politically Exposed Person (PEP) databases
What this means for you
Although the legal obligations primarily apply to real estate agencies, your cooperation is required to help us meet these obligations.
These measures are intended to protect the integrity of Australia's property market by helping prevent money laundering, terrorism financing and other financial crimes.
Customer Due Diligence (CDD)
When you engage our services, we will ask you to provide information and documentation to verify your identity. This is a mandatory requirement under the AML/CTF legislation and must be completed before we can provide certain services.
Enhanced Due Diligence (EDD)
In some circumstances, we may need to request additional information or documentation. This may occur where the legislation requires us to better understand aspects of a transaction or verify certain information. Where applicable, we will explain what is required and why.
Privacy and Record Keeping
Any personal information collected for AML/CTF purposes will be handled in accordance with the Privacy Act 1988 (Cth). Your information will be stored securely and used only for the purpose of complying with our legal obligations.

Our Listings

740 Rogerson Road
South Gundurimba

3
1
8
32.89 Ha

Lot 5 Long Gully Creek Road
Drake

1
1
29.46 Ha

168 Buckendoon School Lane
Woodburn

3
1
52.07 Ha

Upcoming Cattle Sales

Upcoming Cattle Sales

Client Comments