Updated: January 2026
AUSTRAC Starter Kit Now Available
The official AUSTRAC starter kit for precious product dealers is now available with 36 documents. Download the free kit
Important: Limited Scope
This AUSTRAC kit only covers transactions in physical currency of $10,000 or more. If your business deals in bullion, provides loans on precious items, accepts virtual assets, or provides custodial services, you may need additional documentation.
AUSTRAC starter program kit for precious product dealers: What's included & limitations
AUSTRAC released their official starter program kit for dealers in precious metals, stones and products in January 2026. This guide explains what's included, the scope limitations, and how to get started.
Which dealer activities are in scope?
Under Tranche 2, dealers in precious products become reporting entities when conducting certain transactions:
- Transactions in physical currency of $10,000 or more
- Sales of precious metals (gold, silver, platinum, palladium)
- Sales of precious stones (diamonds, gemstones)
- Trade-ins and exchanges of precious goods
What the AUSTRAC kit doesn't cover
The AUSTRAC kit for precious product dealers is specifically designed for cash transactions at the $10,000+ threshold. It may not adequately cover:
Bullion Dealing
Trading in gold, silver, platinum or palladium bars/coins
Loans on Precious Items
Pawnbroking or secured lending activities
Virtual Assets
Accepting cryptocurrency as payment
Custodial Services
Storage or custody of precious items for customers
What's in the AUSTRAC kit for jewellers?
The Precious Product Dealers starter kit contains 36 documents across the following categories:
Policy Document(1 documents)
Core AML/CTF program policy outlining your compliance framework
- • Policy Document
Process Document(1 documents)
Step-by-step procedures for implementing your AML/CTF program
- • Process Document
Risk Assessment(1 documents)
Framework for assessing ML/TF risks in your business
- • Risk Assessment
Customer Forms(13 documents)
CDD, onboarding, verification and ongoing monitoring forms
- • Initial CDD Form - Individual/Sole Trader
- • Initial CDD Form - Body Corporate/Partnership
- • Initial CDD Form - Trust
- • Enhanced CDD Form
- • Onboarding Form - Individual/Sole Trader
- + 8 more documents
Personnel Forms(5 documents)
Staff due diligence, roles and responsibilities documentation
- • AML/CTF Roles Form
- • Assign Responsibilities Form
- • Personnel Due Diligence Form
- • Personnel DD - Compliance Officer
- • Personnel DD - Sole Practitioner
Program Maintenance(10 documents)
Effectiveness testing, annual reviews and compliance checks
- • Maintain Your AML/CTF Program
- • Annual Report to Governing Body
- • Independent Evaluation Response
- • Periodic Effectiveness Testing Summary
- • Client Onboarding Effectiveness Check
- + 5 more documents
Guidance Material(4 documents)
How-to guides, examples and getting started documentation
- • Customise Guide
- • Getting Started
- • Document Library
- • Examples of Dealing with Clients
Download the Free AUSTRAC Kit
Access all 36 documents in the official Precious Product Dealers starter kit.
Download Free KitOther limitations of the kit
Sanctions Screening
No PEP or sanctions list checking capability
Training Records
No training management or completion tracking
Digital Workflows
Static Word documents require manual processing
Ongoing Updates
One-time download with no regulatory updates
Size limitation: AUSTRAC designed these kits for businesses with 15 or fewer personnel. Larger businesses may need more comprehensive solutions.
Next steps
Interactive tools
Disclaimer: This article is general information only. It is not legal, financial or compliance advice. HeadStart Docs™ provides free compliance documents, not legal services.
We do not guarantee the accuracy of information provided. Obligations may apply depending on your designated services. Always confirm your specific requirements with a qualified adviser.
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