The average compliance cost for Tranche 2 entities is $23,250 per year (Attorney General's Regulatory Impact Statement). We get you started for $3,500.
Same compliance outcome, fraction of the cost
| AustracCheck | Law Firms | |
|---|---|---|
| Setup cost | $3,500 fixed | $10,000–$30,000+ |
| Time to compliance | 5–7 business days | 2–6 months |
| Pricing model | Fixed price, no surprises | Hourly billing ($300–$600/hr) |
| Ongoing support | Optional SaaS from $299/mo | Retainer required ($2K+/mo) |
| CDD management tools | Built-in digital platform | Not included |
| Sanctions screening | DFAT + UN lists, automated | Manual or separate tool |
| Staff training | 6-module interactive program | Usually outsourced (extra cost) |
| SMR/TTR assistance | Guided drafting tools | Separate engagement |
| Annual compliance report | Platform-generated | Additional billing |
| Turnaround | Documents ready in minutes | Weeks of back-and-forth |
Built for independent agencies, not corporate franchises
| AustracCheck | Enterprise Platforms | |
|---|---|---|
| Target market | Independent agencies (1–50 staff) | Large franchises and networks |
| Pricing | $3,500 setup + optional $299/mo | Hidden pricing, POA, annual contracts |
| Contract length | No lock-in, cancel anytime | 12–36 month commitments |
| Setup complexity | 15-minute questionnaire | Weeks of onboarding |
| Implementation | Self-service, ready in days | Requires dedicated project manager |
| Training | Built-in 6-module program | Enterprise training packages (extra) |
| Compliance documents | Customised to your agency | Template-based, generic |
| Minimum agency size | Solo agents welcome | Usually 50+ staff minimum |
| Support | Email + booking within 24hrs | Enterprise support tiers |
We customise what the free kit can't
| AustracCheck | DIY / Starter Kit | |
|---|---|---|
| Cost | $3,500 | Free (but your time isn't) |
| Customisation | Tailored to your agency | Generic — needs significant work |
| Risk assessment | Customised for your profile | Blank template |
| AML/CTF program | Complete Part A + Part B | Skeleton framework only |
| CDD procedures | Ready-to-use with forms | General guidance only |
| Staff training | Interactive program with quizzes | Not included |
| Sanctions screening | Automated DFAT + UN checks | Not included |
| SMR/TTR support | Guided drafting tools + templates | Basic guidance |
| Time investment | 15 minutes (questionnaire) | 40–80 hours (estimate) |
| Confidence level | Specialist-reviewed framework | Hope you interpreted it right |
| Ongoing updates | Regulatory alerts + platform updates | Check AUSTRAC website yourself |
Enterprise platforms target large franchise networks with hidden pricing and annual contracts. AustracCheck is built for independent agencies who want a straightforward, affordable workspace to manage their own compliance obligations.
Works with your existing tools: AgentBox, Rex, Reapit, and more (integrations coming soon)