Salt Space Coworking is AUSTRAC Enrolled & AML/CTF Compliant
From 1 July 2026, providers of registered office addresses are required to be enrolled with AUSTRAC under Australia’s AML/CTF laws. Salt Space Coworking is enrolled and operating a compliance program in accordance with the AML/CTF Act 2006 (Cth).
AUSTRAC Enrolment No. 2688823000 | AML/CTF Act 2006 (Cth) as amended by the AML/CTF Amendment Act 2024
If you use a virtual office or coworking space as your registered business address in Australia, something important changed on 1 July 2026. Your address provider is now legally required to be enrolled with AUSTRAC — Australia’s financial intelligence regulator — and to verify your identity before providing the service. This is not optional, and not every provider has made the shift. Here’s what it means for your business and why it matters who you choose.
🏦 What Changed on 1 July 2026?
Australia’s Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2024 — known as Tranche 2 — came into effect on 1 July 2026. For the first time, it brought a new category of businesses under AUSTRAC’s oversight: trust and company service providers, including anyone providing a registered office address or principal place of business address for another entity.
In plain English: if a business provides you with an address to use for ASIC, ABN, or general business correspondence, they are now a reporting entity under the AML/CTF Act. That means they must:
- Enrol with AUSTRAC
- Implement a written AML/CTF compliance program
- Verify the identity of all clients before providing the service
- Screen clients against Australian and international sanctions lists
- Report suspicious matters to AUSTRAC when required
⚠️ If your registered office provider has not enrolled with AUSTRAC, they are operating outside the law from 1 July 2026. That creates risk for both them — and potentially for the legitimacy of your registered address.
📋 Why Did My Accountant Stop Offering a Registered Office?
You may have noticed that accounting firms across Australia have been quietly contacting clients to advise they will no longer act as their registered office from 1 July 2026. This is directly because of Tranche 2.
For most accounting practices, providing a registered office address was a low-margin courtesy service. The compliance overhead of becoming a reporting entity — writing an AML/CTF program, conducting identity verification on every client, appointing a compliance officer, and filing reports to AUSTRAC — simply isn’t worth it for a service they were providing at little or no charge.
So they’ve stopped. And their clients need somewhere to go.
🔍 What Does AUSTRAC Compliance Mean for You as a Client?
When you set up a virtual office with Salt Space Coworking, our AML/CTF obligations mean we need to verify a few things before your address goes live. This is standard practice — similar to opening a bank account — and most clients complete it in minutes.
We verify the identity of the beneficial owner of the business — the person who ultimately owns or controls it.
We confirm your entity is active on the ABR and run an ASIC director search to verify ownership.
We ask what your business does and how it generates income — a brief description is all that’s needed.
Foreign entities provide registration documents from their home country. We perform manual verification.
All new clients are screened against the DFAT Consolidated List and UN sanctions lists as required by law.
All ID documents are permanently deleted after verification. Your data is handled under the Privacy Act 1988.
⚖️ How Does Salt Space Compare to an Unregistered Provider?
| Feature | Salt Space Coworking (AUSTRAC Enrolled) | Unenrolled Provider |
|---|---|---|
| AUSTRAC enrolled | ✓ Yes — No. 2688823000 | ✗ No |
| Written AML/CTF program | ✓ In place from 1 July 2026 | ✗ Not required to have one |
| Identity verification of clients | ✓ Completed before service | ✗ Not conducted |
| Sanctions screening | ✓ DFAT & UN lists checked | ✗ Not conducted |
| Legal compliance from 1 July 2026 | ✓ Compliant | ✗ Operating outside the law |
| Your address protected | ✓ Yes | ✗ No client verification conducted |
When you use a registered office provider that is not AUSTRAC enrolled, you share that address with every other client on their books — none of whom have been identity verified. At Salt Space Coworking, all new clients from 1 July 2026 are verified before their address goes live, and we operate an ongoing compliance program for our full membership base.
📍 Why Salt Space Coworking for Your Brisbane Registered Office?
Salt Space Coworking is located at Level 1, 888 Brunswick Street, New Farm QLD 4005 — a professional Brisbane street address in one of the city’s most sought-after inner-city suburbs. Our virtual office service is built for Australian businesses, sole traders, startups, and international companies needing a Brisbane presence.
Enrolment No. 2688823000. Fully compliant from 1 July 2026.
Once verified and invoiced, your address is active and ready to use.
Permission to use address documents provided for all registrations.
Email notification, scanning, secure storage and optional forwarding.
Your own office number at 888 Brunswick Street for a professional presence.
Work or meet clients onsite anytime with your member discount.
💰 Virtual Office Pricing — New Farm, Brisbane
| Billing Term | Price (incl. GST) |
|---|---|
| Monthly | $40 + $30 set up fee |
| 6 Months | $240 |
| Annual | $480 |
2 business names included. Additional names $5/month each. No lock-in contracts.
Set Up Your Registered Office Address Today
AUSTRAC enrolled. Identity verified. Ready to use in 1–2 business days.
Set Up My Virtual Office❓ Frequently Asked Questions
Does my virtual office provider need to be AUSTRAC enrolled?
Yes. From 1 July 2026, any business providing a registered office address or principal place of business address for another entity is a reporting entity under the AML/CTF Act 2006 (Cth) as amended by the AML/CTF Amendment Act 2024. They must be enrolled with AUSTRAC and operate a compliant AML/CTF program. Salt Space Coworking is enrolled with AUSTRAC (Enrolment No. 2688823000).
Why did my accountant stop providing a registered office address?
From 1 July 2026, providing a registered office address became a designated service under Australia’s AML/CTF laws (Tranche 2). Accounting firms that previously offered this service as a courtesy have stopped because the compliance obligations — AUSTRAC enrolment, identity verification, an AML/CTF program — are significant for what was typically a low-margin or free service.
What identity verification does Salt Space Coworking require?
We require photo ID of the beneficial owner of the business (the person who owns or controls 25% or more of the entity), an ABN or company registration number, and a brief description of your business activities. International clients provide foreign registration documents. All ID is permanently deleted after verification in line with the Privacy Act 1988.
Can I transfer my registered office from my accountant to Salt Space Coworking?
Yes. Set up your virtual office with Salt Space Coworking, complete identity verification, and once your address is active you can update your registered office with ASIC to Level 1, 888 Brunswick Street, New Farm QLD 4005. We provide a Permission to Use Address document to support your ASIC update. Setup takes 1–2 business days.
Is a virtual office address still valid for ASIC after Tranche 2?
Yes. Using a virtual office as your ASIC registered office remains perfectly legal after 1 July 2026 — you simply need to ensure the provider is AUSTRAC enrolled. Salt Space Coworking is enrolled (No. 2688823000) and provides written occupier’s consent and a Permission to Use Address document for ASIC registration.
How quickly can I set up a registered office address at Salt Space Coworking?
Setup takes 1–2 business days once identity verification is complete and your invoice is paid. You’ll receive a Permission to Use Address document with your unique office number, ready to use for ASIC, ABN, ATO, IP Australia, and general business correspondence.
📞 Questions? Get in Touch
Email: work@saltspace.com.au
Phone: (07) 3063 7264
Address: Level 1, 888 Brunswick St, New Farm QLD 4005
Hours: Mon–Fri 8am–5pm