Identity Verification · AML/CTF
A quick, secure step before your purchase can proceed.
As of 1 July 2026, all Australian real estate agents are legally required to verify the identity of buyers before completing a property sale. Here's what that means for you, and exactly what to do next.
WHY WE’RE ASKING
This isn't about you — it's the law.
New AML/CTF laws now apply to real estate agents the same way they've long applied to banks and lawyers. Every agency in Australia must verify buyers before a sale can settle. It's standard, and it won't slow down your purchase.
WHAT YOU’LL NEED TO DO
1- Complete the Buyer Verification Form
Takes about 5 minutes
2- Verify your identity via PEXA Clear
You'll get a secure link by email (once you return the form) — confirm with a photo ID and a quick selfie check.
Complete within 48 hours of receiving the link via email, and within 28 days of exchange.
Buying through a company or trust?
Every director, trustee, and anyone owning 25%+ also receives their own PEXA Clear link by email — each person completes their check separately, no extra paperwork required.
COMMON QUESTIONS
Is my information secure?
Yes — handled by PEXA Clear, built for Australian property transactions. Retained for 7 years as required by law, never used for marketing.
Why does this apply to my purchase?
The law applies to every property sale, regardless of price or size.
What if I live overseas?
Same process — PEXA Clear supports international ID documents.
How long do I have?
28 days from exchange, and at least 3 days before settlement — whichever comes first.
What if I don't complete it in time?
Settlement can't proceed without it. Act on the PEXA Clear email as soon as it’s received.
Who do I contact with questions?
Your Nikko Property agent first. For questions about the verification process itself, contact our Compliance Officer below.
WANT THE FINER DETAILS?
AUSTRAC — Anti-Money Laundering and Counter-Terrorism Financing Act:
PEXA Clear — How identity verification works:
Nikko Property
Buildfront Pty Ltd ATF Nikko Property Trust · ABN 43 598 412 300
AUSTRAC AAN 262116037
AML/CTF Compliance Officer
Hamish Dolan
compliance@nikkoproperty.com