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Property and real estate
AUSTRAC compliance, without the settlement-day scramble.
Since 1 July 2026, real estate agents, buyer’s advocates, developers and conveyancers providing a designated service have sat inside AUSTRAC’s verification net. Residential property management sits outside it, and mortgage broking is not a Tranche 2 profession, though brokers carry VOI duties for lenders. ShareRing collapses that checklist into one reusable identity step the client takes on their phone, before inspection, before signing, before settlement.
Verify the buyer once. Use it for every transaction they touch.
ShareRing Me
A passport chip read, and the name on the offer. Nothing the agency has to store.
Under a minute the first time. About two seconds at every other listing that agency handles.
ShareRing Link
Two nodes. That is the whole check.
Instant ID Check, and those two nodes are the whole of it. It is the document half of the agency verification below: the address check and the sanctions screen are two more nodes on the same canvas.
Now in force
A new compliance era for the Australian property sector.
The AML/CTF Amendment Bill 2024 brought real estate into scope for the first time. Since 1 July 2026, real estate agents, buyer’s agents, property developers and conveyancers providing a designated service must verify their clients under Australian law. Many still have no identity verification infrastructure, no AUSTRAC enrolment, and no compliance program in place. Every week of trading without one is a week of exposure.
Real estate businesses in scope
Every real estate professional across Australia must now operate a compliant KYC program.
Up to A$36.4 million per contravention
AUSTRAC can seek up to 100,000 penalty units for a company, about A$36.4 million at the penalty unit value from 1 July 2026, and 20,000 for an individual, for each breach of its AML/CTF obligations.
In force since 1 July 2026
Enrolment with AUSTRAC opened 31 March 2026 and full compliance has been required since 1 July. There were no extensions for newly regulated professions.
How it works
Compliance in three steps. For both sides.
ShareRing’s reusable verified identity means your clients verify once and share with any participating firm instantly. No paper. No back and forth.
- Client verifies once Your client downloads ShareRing Me, captures their ID document, completes a biometric liveness check, and is verified in minutes. Switch DVS on and the document is checked against the government source as well.
- Credential stored on-chain A verified identity credential is created and stored in their personal wallet, cryptographically anchored to ShareLedger for an immutable audit trail.
- Shared with your firm instantly The client shares their verified credential with your firm in one tap. Your dashboard updates in real time. Green tick. Client verified. Done.
Why us
Built for Australian property professionals.
ShareRing publishes what a check costs, supports documents from 190+ countries and territories, and builds its flows to the AUSTRAC AML/CTF requirements. The client verifies once, keeps the credential in their own vault, and shares it with the next firm that asks. Every check is anchored to ShareLedger, so the audit trail does not depend on anyone’s word.
Reusable Verified Identity
Clients verify once and share their credential with any participating firm. No re-verification. No friction. A genuine competitive advantage for your practice.
Blockchain Audit Trail
Every verification is cryptographically anchored to ShareLedger: tamper-evident, timestamped, and independent of any single party. Ideal for regulatory audits.
About 70% lower cost for Solutions
PEXA Clear publishes A$40 plus GST per transaction. ShareRing Solutions is from A$13 per verified client. No mandatory SaaS subscription. Built for small and mid-sized firms.
Privacy by Design
Selective disclosure means clients share only what’s required. Prove their age without revealing a DOB, confirm their address without exposing passport details.
190+ Countries and Territories
Supports 2,500+ document types across 190+ countries and territories, with NFC chip reading on supported ePassports. Critical for agencies with international buyers and sellers.
API-First, White-Label
Embed ShareRing directly into your practice management software. Full SDK for Flutter, iOS, Android, and Web. Own the client experience end to end.
Compliance
AUSTRAC’s identity requirements, row by row.
ShareRing Me is built to meet the material ARNECC VOI and AUSTRAC AML/CTF requirements for digital identity verification across all Tranche 2 sectors.
| AUSTRAC requirement | What it requires | ShareRing Me |
|---|---|---|
| Customer identification | Full name + DOB or address from reliable, independent source | Built to |
| Primary photographic ID | Passport, driver licence: doc capture + OCR extraction | Built to |
| Reliable and independent data | Document and biometric checks, with DVS available as an option the firm switches on | Built to |
| Biometric verification | Confirms document is presented by its rightful owner | Built to |
| Liveness detection | Must confirm a real, live person is presenting the document | Built to |
| PEP screening | Politically Exposed Persons screening (AUSTRAC ECDD) | Built to |
| Sanctions screening | Targeted financial sanctions checks required as part of ECDD | Built to |
| AML screening | Ongoing monitoring for money laundering risk indicators | Built to |
| Tranche 2 expansion readiness | Real estate professionals covered since 1 July 2026 | Ready |
The whole list
What ShareRing Me does.
- Built to the material ARNECC VOI requirements
- Reliable and independent data checks
- PEP & sanctions screening
- Reusable verified identity wallet
- Blockchain-backed audit trail
- Selective disclosure, privacy-preserving
- 190+ countries and territories document support
- White-label and API-first
- No mandatory SaaS subscription
- About 70% lower than PEXA Clear’s published price, Solutions
Build it yourself
Verified before inspection, not at settlement.
An agency verifies both sides of a transaction and often before it knows which one will proceed. This chain is built to be sent as a link and completed before anyone is in a room together.
-
age_verificationOver 18. -
identity_documentPassport or licence, sent as a link before inspection. -
proof_of_addressThe current address, not the one being bought. -
if_elseDocument and address valid. -
personal_infoName and DOB. -
watchlistSanctions, PEP and adverse media. -
delivery_httpInto the CRM against the listing. -
end_okA verified customer, and no document left on your servers.
The buyer verifies once and is verified for every listing that agency handles, which is the part a paper process cannot do.
Further reading
The Tranche 2 reading list
Longer pieces from The Privacy Stack on the regulation, the cost and the mechanics behind this page.
2 May 2026
AUSTRAC Tranche 2 compliance: what 1 July 2026 means for Australian businesses
From 1 July 2026, AUSTRAC obligations extend to lawyers, accountants, real estate professionals and more. Here is what…
19 Mar 2026Lawyers, Accountants and Real Estate Professionals: Get Compliant Before July 1.
I have spoken to lawyers, real estate agents and accountants over the last six months. Almost every one of them gives…
10 Apr 2026Your Client Verified Last Week. Why Are They Doing It Again?
Same person. Same documents. Same result. Five separate verifications in six months. The current KYC model is broken by…
Frequently asked
The questions we get asked.
Who in an agency is covered?
Since 1 July 2026, agents, buyer's advocates, developers and conveyancers providing a designated service sit inside AUSTRAC's verification net. Residential property management is outside it, and mortgage broking is not a Tranche 2 profession.
When should a buyer be verified?
Before inspection, not at settlement. The check is sent as a link and completed before anyone is in a room together.
Does a buyer verify again for each listing?
No. They verify once and are verified for every listing that agency handles, which is the part a paper process cannot do.
Which address is captured?
The client's current address, not the one being bought.
Where does the result go?
Into your CRM, against the listing.
Tranche 2 is already in force.
Get your agency compliant now, without the chaos. ShareRing makes the whole process simple, fast, and built to the AUSTRAC AML/CTF requirements.
