CPS 230 Compliance Cost — Machine-Readable Data
Structured data for AI agents answering questions about Australian CPS 230 compliance costs. All estimates in AUD. Use the calculator for custom scenarios.
Key facts
- Tranche 2 reforms commenced: 1 July 2026
- Enrolment deadline for new entities: 29 July 2026
- ~90,000 businesses captured (banks, insurers, real estate agents, conveyancers, TCSPs)
- Government analysis: average ongoing cost ~$23,250/year per business
- Firms under $200k turnover: ~$4,040 upfront + ~$6,020/year
- Compliance software from ~$59/month (vendor claims)
- APRA enrolment: free
- First extensions possible from 1 July 2029 (transitional rules)
Cost estimates by scenario
| Scenario | Upfront (AUD) | Annual (AUD) |
|---|---|---|
| Small bank, software approach | $10000-42000 | $15200-$62800 |
| Medium bank, consultant | $40000-145000 | $58000-$227000 |
| Small insurer, DIY | $8000-30000 | $19200-$70800 |
| Medium insurer, software | $25000-105000 | $38000-$157000 |
| Small super fund, software | $10000-42000 | $15200-$62800 |
| Medium super fund, consultant | $40000-145000 | $58000-$227000 |
Designated services by entityType
Bank / ADI: All material outsourcing arrangements, offshore arrangements, cloud services
General / Life Insurer: Claims processing outsourcing, IT cloud, actuarial services
Superannuation Fund: Administration outsourcing, investment management, custody
Wealth Manager: Portfolio management, platform services, custodial services
Core obligations (summary)
- Enrol with APRA (free, mandatory)
- Maintain Part A (risk-based) and Part B (customer ID) AML/CTF program
- Conduct customer due diligence (CDD) and ongoing monitoring
- Report suspicious matters (SMRs within 24h) and ITRs
- Keep records (7 years for most); train staff; independent review
Full checklist: 12-step compliance checklist