One has to ask why the Coalition seems to endorse the laundering of ‘dirty’ money into Australian property.
Last year, the Coalition opposed legislation that included real estate agents, lawyers, and accountants in Australia’s anti-money laundering and terror financing regulatory net.
These global “Tranche 2” anti-money laundering (AML) rules were first promised by the former Coalition Howard government in 2006 but were continually delayed until Labor passed the legislation with the help of the Greens in December 2024.
