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| Name | Why buying a home could get easier | The Business | ABC News |
| Video Uploader | Video From ABC News (Australia) |
| Upload Date | This Video Uploaded At 06-05-2024 04:45:36 |
| Video Discription | The federal government is cracking down on the flow of dirty money into Australia's housing market. New laws will require real estate agents, lawyers and accountants to report suspicious transactions, which means wannabe homeowners won't have to compete with drug dealers, foreign criminals or corrupt officials when purchasing a property. The financial crimes regulator AUSTRAC will get $166.4 million in the Federal Budget to help affected professions abide by the new laws. The so-called "Tranche 2" laws will bring Australia into line with similar nations and stem the process of criminals converting illegal profits into money that looks legitimate. #ABCBusiness Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2024-05-06/new-laws-to-stem-money-laundering-through-real-estate/103800070 ABC News provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation. For more from ABC News, click here: https://ab.co/2kxYCZY Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1 Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2 Like ABC News on Facebook: http://facebook.com/abcnews.au Follow ABC News on Instagram: http://instagram.com/abcnews_au Follow ABC News on X (Twitter): http://twitter.com/abcnews Note: In most cases, our captions are auto-generated. #ABCNews #ABCNewsAustralia |
| Category | News & Politics |
| Tags | Australia | abc | abc news | news | AUSTRAC | real estate | housing | housing market | property market | aUSTRAC | house | home | unit | drug dealers | foreign criminals | budget | federal budget | tranche 2 laws | money laundering | property | apartment | business | business news | finance | finance news | the business | #ABCBusiness | Mark Dreyfus Attorney-General | Daniel Ziffer |
