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The AML/CTF regime is expanding. From 1 July 2026, Australian lawyers and accountants will face new anti-money laundering obligations under AUSTRAC Tranche 2. Here's what your practice needs to prepare for. What Is AUSTRAC Tranche 2? AUSTRAC Tranche 2 refers to the expansion of Australia's Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) regime to cover designated non-financial businesses and professions—including legal practitioners and accounting professional
For most legal practitioners, the phone is both essential and exhausting. Every call could be a genuine matter. But experience teaches otherwise. Many are tyre kickers. Some want free advice disguised as preliminary questions. Others aren't the right fit but take fifteen minutes to reveal that. And scattered among them are the genuine prospects who deserve proper attention. The problem isn't answering the phone. It's the cumulative cost of answering it forty times a week when
That's it, I'm calling it: Most professional service firms don't have a lead generation problem. They have a lead qualification problem. Partners often assume growth requires more enquiries, more referrals, more names in the pipeline. But trace where billable time actually goes and a different picture emerges. Hours disappear into consultations that lead nowhere. Senior practitioners chase prospects who were never serious. Administrative staff follow up unresponsive contac
