PEXA has opened registrations for PEXA Clear, a service aimed at property professionals preparing for new anti-money laundering and counter-terrorism financing rules in Australia.
The product is targeted at real estate agents, conveyancers, and legal practitioners who will be subject to AUSTRAC's Tranche 2 AML/CTF obligations for real estate transactions from 1 July 2026. It is available on a pay-per-use basis at AUD $40 plus GST per transaction for individuals and from AUD $65 plus GST per transaction for businesses, with custom pricing for higher-volume organisations.
PEXA Clear will also be integrated with Real Time Agent, a digital workflow platform used by real estate agents in Australia. The integration is intended to place compliance steps within existing transaction processes rather than requiring separate systems.
The launch marks PEXA's latest move beyond electronic property settlement into compliance and workflow tools for the property sector. PEXA Exchange has handled more than 20 million property settlements in Australia since 2013, and PEXA Clear joins a broader portfolio of property insights and transaction-related products.
Pricing Model
PEXA is positioning the service around transaction-based pricing rather than subscriptions. The structure removes sign-up fees, lock-in contracts and ongoing subscription charges, which may appeal to sole operators and smaller firms facing new compliance costs under the incoming regime.
Larger businesses will be able to negotiate pricing based on transaction volumes, allowing PEXA to target both small practices and higher-volume property groups as the regulatory deadline approaches.
PEXA Clear is designed to identify and assess money laundering and terrorism financing risks throughout the property transaction lifecycle. It includes Know Your Business and Know Your Customer checks, as well as screening for politically exposed persons, sanctions, and adverse media across domestic and international data sources.
The system is also intended to update risk assessments when supplied information changes during a transaction. It can guide users on what information to request, what records to keep and when to consider escalation steps, including filing a Suspicious Matter Report.
Workflow Focus
A central part of the offer is the promise to reduce duplicate checks across participants in the same transaction. The platform will allow information to be shared across parties while maintaining reporting records and audit trails for annual and ad hoc AUSTRAC reporting.
Chris Bodikian, General Manager, New Business and Markets at PEXA Group, said continued engagement with customers had shaped the product over the past year.
"PEXA Clear is a strong reflection of PEXA Group's long held commitment to customer-focused innovation. The solution is designed in response to customer needs, which informed features such as risk identification throughout the property transaction lifecycle, which updates in response to supplied information. The solution will also enable information to be shared across parties in a property transaction, reducing duplication and cost," Bodikian said.
He also addressed the pricing structure as firms prepare for the compliance change.
"We recognise that our customers are navigating significant change in the regulatory landscape, which brings with it additional costs and administrative processes. Our transaction-based pricing minimises the cost of compliance, removing barriers associated with subscription models - especially for individuals and small businesses. We're also pleased to work on flexible arrangements for larger organisations with higher volumes," he said.
The broader compliance shift is expected to affect a wide section of the property industry, especially firms that have not previously had to embed formal AML/CTF controls into routine transaction work. For many agencies and legal practices, that means new procedures for identity checking, risk monitoring, record keeping and reporting.
The next stage will focus on helping customers incorporate those checks into day-to-day work. PEXA is supporting training and upskilling initiatives around the country as industry participants prepare for the new rules.
"The next few months are crucial as customers prepare for the new compliance processes. The PEXA Clear team is supporting industry upskilling and training initiatives across the country, strengthening customers' understanding of their AML/CTF obligations, and enhancing how they embed AML checks into everyday practice," Bodikian said.