Real estate professionals are required to verify the identity of all buyers as part of the government’s anti-money laundering and counter-terrorism financing (AML/CTF) legislation. This applies to every property transaction. After your contract is signed and exchanged, you will receive a secure link from PEXA Clear. The link will ask you to confirm your details, upload a current identity document and answer a few standard questions. Completing this promptly helps keep your purchase on track for settlement.
For more information, visit: https://www.austrac.gov.au/general-public/why-you-might-be-asked-id
