As Australia’s regulatory, technological and market landscapes evolve, effective due diligence is becoming a unifying and strategic imperative across legal and property practice. In family law, it delivers clarity and defensibility through verified identities, financial disclosure, valuations and targeted searches. Supported by digital tools and informed by risk assessment, due diligence now functions as both a protective mechanism and a competitive advantage, enabling legal professionals to deliver trusted, high-quality advice in an increasingly regulated and complex environment.
As Tranche 2 AML/CTF reforms approach, AUSTRAC is supporting legal and property professionals to build compliance capability through its Starter Kits. Emphasising education over enforcement, AUSTRAC, alongside collaborations like InfoTrack and Grant Thornton, aims to help firms confidently implement practical, effective measures to prevent money laundering and protect the Australian community.
“The success of Digital ID for the legal profession depends on how well it complements existing systems and professional obligations. Our role is to ensure lawyers gain the benefits of stronger identity assurance without unnecessary disruption.”
In family law, due diligence has evolved from a basic compliance task into a strategic, end-to-end process that delivers clarity, mitigates risk and strengthens decision-making across every stage of a matter. When supported by robust identity verification, targeted searches, financial disclosure, valuations and technology-enabled workflows, due diligence becomes a competitive advantage.
Those who specialise in strata and off-the-plan work, adopt technology to manage scale, and step into a trusted advisory role will be best positioned to capture higher-value work and gain a competitive edge as density-driven projects expand across major capital cities.
Take your professional development to the next level
Date
CPD
| Ready-Set-Go AML/CTF Roadshow | Live - numerous dates | 2.5 |
| Improving client outcomes in wills & estates matters | Live 17/03 | 0.5 |
| Regulatory spotlight: Upcoming legal & compliance changes | On Demand | 0.5 |
| Transforming client onboarding for the modern firm | On Demand | 0.5 |
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