bronID follows different identity verification procedures depending on the type of organisation being verified. For each organisation type, bronID verifies the organisation itself and identifies and verifies its Ultimate Beneficial Owners (UBOs). In some cases, an organisation may have no UBOs, in which case an alternative person is identified and verified instead. Certain entity types qualify for a simplified verification procedure that does not require identifying or verifying UBOs.
The verification procedure applied will depend on the organisation type and the preferences configured in your IDV Rules. UBOs may also be verified using different procedures depending on your configuration — for example, electronic Safe Harbour versus eDocument KYC.
Due to recent regulatory changes, bronID has outlined below the verification procedures that will be applied before and after 31 March 2026. The sets of KYB procedures are broadly similar, with some differences in verification requirements. However, if your organisation has transitioned to API v5 and/or the new forms, note that data collection requirements have been expanded and some verification procedures have been modified (V3 procedures).
The table below covers three procedure versions:
- V1 – bronID existing procedures, applicable prior to 31 March 2026
- V2 – bronID adjusted procedures, applicable from 31 March 2026 for customers adopting transitional rules
- V3 – bronID Tranche 2 procedures, applicable from 31 March 2026
Where there are material changes in how a verification is processed between versions, this is indicated in the corresponding columns of the table.
Sole traders
| Parameter | Collect | Verify | Verification Method | V1: bronID existing procedures pre-31 March 2026 | V2: bronID adjusted procedures post-31 March 2026 – for customers adopting transitional rules | V3: bronID Tranche 2 procedures – post-31 March 2026 | V1 vs V2 Change | V1 vs V3 Change |
|---|---|---|---|---|---|---|---|---|
| Evidence of existence | YES | YES | ABR (Australian Business Number if business is registered) | The existence of the sole trader is verified with the ABR | The existence of the sole trader is verified with the ABR | The existence of the sole trader is verified with the ABR | NO | NO |
| Business name used for conduct of business | YES | YES | ABN information from Australian Business Register | All business names are collected from the ABR | All business names are collected from the ABR | All business names are collected from the ABR | NO | NO |
| Other names the business is commonly known by | YES | NO | All business names are collected from the ABR | All business names are collected from the ABR | All business names are collected from the ABR | NO | NO | |
| Unique identifier for the business (if any) | YES | YES | ABR (Australian Business Number if business is registered) | The ABN is verified with the ABR | The ABN is verified with the ABR | The ABN is verified with the ABR | NO | NO |
| Address of principal place of business | YES | NO | This is collected from the customer | This is collected from the customer | This is collected as the residential address of the customer | NO/SOME | NO/SOME | |
| Identity of the individual | YES | YES* | Individual identity verification guidance | The individual is verified in accordance with the individual verification procedure | The individual is verified in accordance with the individual verification procedure | The individual is verified in accordance with the individual verification procedure | NO | NO |
| Nature of the entity (general commercial activity or sector, and kinds of products and services it offers) | YES | NO | NA | NA | Collected from the customer and/or secondary sources | NO | YES |
Australian company
| Parameter | Collect | Verify | Verification Method | V1: bronID existing procedures pre-31 March 2026 | V2: bronID adjusted procedures post-31 March 2026 – for customers adopting transitional rules | V3: bronID Tranche 2 procedures – post-31 March 2026 | V1 vs V2 Change | V1 vs V3 Change |
|---|---|---|---|---|---|---|---|---|
| Evidence of existence | YES | YES | ASIC registers (company name and ACN search); Certificate of incorporation or registration | The existence of the company is verified with ASIC | The existence of the company is verified with ASIC | The existence of the company is verified with ASIC | NO | NO |
| Full name (as registered with ASIC) | YES | YES | ASIC registers (company name and ACN search) | The full name is verified with ASIC | The full name is verified with ASIC | The full name is verified with ASIC | NO | NO |
| ACN (Australian Company Number) | YES | YES | ASIC registers (company name and ACN search) | The ACN is verified with ASIC/ABR | The ACN is verified with ASIC/ABR | The ACN is verified with ASIC/ABR | NO | NO |
| Business names | YES | NO | All business names are collected from the ABR | All business names are collected from the ABR | All business names are collected from the ABR | NO | NO | |
| Other names commonly known by | YES | NO | All business names are collected from the ABR | All business names are collected from the ABR | All business/trade names are collected from ABR | NO | NO | |
| ABN (if applicable) | YES | NO | ABR (if the entity has an ABN) | The ABN is collected/verified with the ABR where applicable | The ABN is collected/verified with the ABR where applicable | The ABN is collected/verified with the ABR where applicable | NO | NO |
| Principal place of business address | YES | NO | The place of business address is collected from ASIC | The place of business address is collected from ASIC | The place of business address is collected from ASIC | NO | NO | |
| Registered office address (if different from principal place) | YES | NO | The registered office address is collected from ASIC | The registered office address is collected from ASIC | The registered office address is collected from ASIC | NO | NO | |
| Full names of directors/board members | YES | NO | The names of the directors are collected from ASIC | The names of the directors are collected from ASIC | The names of the directors are collected from ASIC | NO | NO | |
| Identity of any beneficial owners | YES | YES* | Individual identity verification guidance | UBOs are identified and verified | UBOs are identified and verified | UBOs are identified and verified | NO | NO |
| Nature of the entity (general commercial activity or sector, and kinds of products and services it offers) | YES | NO | NA | NA | Collected from the customer and/or secondary sources | NO | YES |
Registered foreign company
| Parameter | Collect | Verify | Verification Method | V1: bronID existing procedures pre-31 March 2026 | V2: bronID adjusted procedures post-31 March 2026 – for customers adopting transitional rules | V3: bronID Tranche 2 procedures – post-31 March 2026 | V1 vs V2 Change | V1 vs V3 Change |
|---|---|---|---|---|---|---|---|---|
| Evidence of existence | YES | YES | ASIC registers (company name and ARBN search); Certificate of incorporation or registration | The existence of the company is verified with ASIC | The existence of the company is verified with ASIC | The existence of the company is verified with ASIC | NO | NO |
| Full name (as registered with ASIC) | YES | YES | ASIC registers (company name and ARBN search) | The full name is verified with ASIC | The full name is verified with ASIC | The full name is verified with ASIC | NO | NO |
| ARBN (Australian Registered Body Number) | YES | YES | ASIC registers (company name and ARBN search) | The ARBN is verified with ASIC | The ARBN is verified with ASIC | The ARBN is verified with ASIC | NO | NO |
| Whether registered with relevant foreign registration body | YES | YES | ASIC registers (company name and ARBN search); Certificate of incorporation or registration | The entity is verified with the foreign corporate register | The entity is verified with the foreign corporate register | The entity is verified with the foreign corporate register | NO | NO |
| Whether registered as private or public company | YES | YES | ASIC registers (company name and ARBN search); Certificate of incorporation or registration | The type of entity is verified with ASIC and foreign registers | The type of entity is verified with ASIC and foreign registers | The type of entity is verified with ASIC and foreign registers | NO | NO |
| Business names | YES | NO | All business names are collected from the foreign corporate register (where applicable) | All business names are collected from the foreign corporate register (where applicable) | All business names are collected from the foreign corporate register (where applicable) | NO | NO | |
| Other names commonly known by | YES | NO | All business names are collected from the foreign corporate register (where applicable) | All business names are collected from the foreign corporate register (where applicable) | All business names are collected from the foreign corporate register (where applicable) | NO | NO | |
| ABN (if applicable) | YES | NO | ABR (if the entity has an ABN) | The ABN is collected/verified with the ABR where applicable | The ABN is collected/verified with the ABR where applicable | The ABN is collected/verified with the ABR where applicable | NO | NO |
| Principal place of business address | YES | NO | The place of business address is collected from ASIC or foreign corporate register | The place of business address is collected from ASIC or foreign corporate register | The place of business address is collected from ASIC or foreign corporate register | NO | NO | |
| Registered office address (if different from principal place) | YES | NO | The registered office address is collected from ASIC or foreign corporate register (where applicable) | The registered office address is collected from ASIC or foreign corporate register (where applicable) | The registered office address is collected from ASIC or foreign corporate register (where applicable) | NO | NO | |
| Full names of directors/board members | YES | NO | The names of the directors are collected from ASIC and/or foreign corporate register | The names of the directors are collected from ASIC and/or foreign corporate register | The names of the directors are collected from ASIC and/or foreign corporate register | NO | NO | |
| Director identification numbers (where applicable) | YES | NO | NA | NA | Usually not applicable for foreign companies | NO | NO | |
| Identity of any beneficial owners | YES | YES* | Individual identity verification guidance | UBOs are identified and verified | UBOs are identified and verified | UBOs are identified and verified | NO | NO |
| Nature of the entity (general commercial activity or sector, and kinds of products and services it offers) | YES | NO | NA | NA | Collected from the customer and/or secondary sources | NO | YES |
Unregistered foreign company
| Parameter | Collect | Verify | Verification Method | V1: bronID existing procedures pre-31 March 2026 | V2: bronID adjusted procedures post-31 March 2026 – for customers adopting transitional rules | V3: bronID Tranche 2 procedures – post-31 March 2026 | V1 vs V2 Change | V1 vs V3 Change |
|---|---|---|---|---|---|---|---|---|
| Evidence of existence | YES | YES | Foreign government/commercial registers | The existence of the company is verified with foreign corporate and commercial registers. In some cases with offshore entities, the existence may be verified with authorised agent disclosures. | The existence of the company is verified with foreign corporate and commercial registers. In some cases with offshore entities, the existence may be verified with authorised agent disclosures. | The existence of the company is verified with foreign corporate and commercial registers. In some cases with offshore entities, the existence may be verified with authorised agent disclosures. | NO | NO |
| Full name | YES | YES | Foreign government/commercial registers | The full name of the company is verified with foreign corporate and commercial registers. | The full name of the company is verified with foreign corporate and commercial registers. | The full name of the company is verified with foreign corporate and commercial registers. | NO | NO |
| Whether registered by relevant foreign registration body | YES | YES | Foreign government/commercial registers | The company is verified with foreign corporate and commercial registers. | The company is verified with foreign corporate and commercial registers. | The company is verified with foreign corporate and commercial registers. | NO | NO |
| Identification number issued by foreign registration body | YES | YES | Foreign government/commercial registers | The unique company identifiers are collected and verified with the foreign corporate and commercial registers. In some cases with offshore entities, the identifiers may be verified with authorised agent disclosures. | The unique company identifiers are collected and verified with the foreign corporate and commercial registers. In some cases with offshore entities, the identifiers may be verified with authorised agent disclosures. | The unique company identifiers are collected and verified with the foreign corporate and commercial registers. In some cases with offshore entities, the identifiers may be verified with authorised agent disclosures. | NO | NO |
| Business names | YES | NO | All business names are collected from the foreign corporate register (where applicable) | All business names are collected from the foreign corporate register (where applicable) | All business names are collected from the foreign corporate register (where applicable) | NO | NO | |
| Other names commonly known by | YES | NO | All business names are collected from the foreign corporate register (where applicable) | All business names are collected from the foreign corporate register (where applicable) | All business names are collected from the foreign corporate register (where applicable) | NO | NO | |
| Principal place of business address | YES | NO | The place of business address is collected from the foreign corporate register | The place of business address is collected from the foreign corporate register | The place of business address is collected from the foreign corporate register | NO | NO | |
| Registered office address (if different from principal place) | YES | NO | The registered office address is collected from foreign corporate register (where applicable) | The registered office address is collected from foreign corporate register (where applicable) | The registered office address is collected from foreign corporate register (where applicable) | NO | NO | |
| Full names of directors/board members | YES | NO | The names of the directors are collected from the foreign corporate register. For certain countries where this is not possible, the names of the directors are collected directly from the customer. | The names of the directors are collected from the foreign corporate register. For certain countries where this is not possible, the names of the directors are collected directly from the customer. | The names of the directors are collected from the foreign corporate register. For certain countries where this is not possible, the names of the directors are collected directly from the customer. | NO | NO | |
| Identity of any beneficial owners | YES | YES* | Individual identity verification guidance | UBOs are identified and verified | UBOs are identified and verified | UBOs are identified and verified | NO | NO |
| Nature of the entity (general commercial activity or sector, and kinds of products and services it offers) | YES | NO | NA | NA | Collected from the customer and/or secondary sources | NO | YES |
Partnership
| Parameter | Collect | Verify | Verification Method | V1: bronID existing procedures pre-31 March 2026 | V2: bronID adjusted procedures post-31 March 2026 – for customers adopting transitional rules | V3: bronID Tranche 2 procedures – post-31 March 2026 | V1 vs V2 Change | V1 vs V3 Change |
|---|---|---|---|---|---|---|---|---|
| Evidence of existence | YES | YES | Partnership agreement (original, reliable copy or extract), ASIC, ABR | The partnership existence is verified by reviewing the partnership deed, ABR or ASIC | The partnership existence is verified by reviewing the partnership deed, ABR or ASIC | The partnership existence is verified by reviewing the partnership deed, ABR or ASIC | NO | NO |
| Full name | YES | YES | Partnership agreement (original, reliable copy or extract), ASIC, ABR | The partnership name is verified by reviewing the partnership deed, ABR or ASIC | The partnership name is verified by reviewing the partnership deed, ABR or ASIC | The partnership name is verified by reviewing the partnership deed, ABR or ASIC | NO | NO |
| ABN of the partnership business (if any) | YES | YES | ASIC, ABR (where applicable) | The ABN is verified with the ABR (where applicable) | The ABN is verified with the ABR (where applicable) | The ABN is verified with the ABR (where applicable) | NO | NO |
| Names of all partners (if no partnership name) | YES | NO | The names of the partners are verified from the partnership deed | The names of the partners are verified from the partnership deed | The names of the partners are verified from the partnership deed | NO | NO | |
| Business names | YES | NO | All business names are collected from ABR/ASIC | All business names are collected from ABR/ASIC | All business names are collected from ABR/ASIC | NO | NO | |
| Other names commonly known by | YES | NO | All business/trade names are collected from ABR | All business/trade names are collected from ABR | All business/trade names are collected from ABR | NO | NO | |
| Principal place of business address | YES | NO | The principal place of business is collected from self-disclosure or the partnership agreement | The principal place of business is collected from self-disclosure or the partnership agreement | The principal place of business is collected from self-disclosure or the partnership agreement | NO | NO | |
| Registered office address (if different from principal place) | YES | NO | The registered office is collected from self-disclosure or the partnership agreement (where applicable) | The registered office is collected from self-disclosure or the partnership agreement (where applicable) | The registered office is collected from self-disclosure or the partnership agreement (where applicable) | NO | NO | |
| Partnership agreement | YES | NO | The partnership agreement is collected from the customer | The partnership agreement is collected from the customer | The partnership agreement is collected from the customer | NO | NO | |
| Full names of all partners | YES | NO | The partners are collected from the partnership agreement or associated deeds. They may also be collected from government registers such as ASIC or foreign registers. | The partners are collected from the partnership agreement or associated deeds. They may also be collected from government registers such as ASIC or foreign registers. | The partners are collected from the partnership agreement or associated deeds. They may also be collected from government registers such as ASIC or foreign registers. | NO | NO | |
| Identity of any beneficial owners | YES | YES* | Individual identity verification guidance | UBOs are identified and verified | UBOs are identified and verified | UBOs are identified and verified | NO | NO |
| Nature of the entity (general commercial activity or sector, and kinds of products and services it offers) | YES | NO | NA | NA | Collected from the customer and/or secondary sources | NO | YES |
Incorporated association
| Parameter | Collect | Verify | Verification Method | V1: bronID existing procedures pre-31 March 2026 | V2: bronID adjusted procedures post-31 March 2026 – for customers adopting transitional rules | V3: bronID Tranche 2 procedures – post-31 March 2026 | V1 vs V2 Change | V1 vs V3 Change |
|---|---|---|---|---|---|---|---|---|
| Evidence of existence | YES | YES | State Association Register, ABR, ACNC | The association existence is verified with the ABR, ACNC or the State Association register, or a combination. | The association existence is verified with the ABR, ACNC or the State Association register, or a combination. | The association existence is verified with the ABR, ACNC or the State Association register, or a combination. | NO | NO |
| Full name | YES | YES | State Association Register, ABR, ACNC | The association name is verified with the ABR, ACNC or the State Association register, or a combination. If this is not possible then a reliable document is collected such as the Constitution, Rules, Board Minutes or similar. | The association name is verified with the ABR, ACNC or the State Association register, or a combination. If this is not possible then a reliable document is collected such as the Constitution, Rules, Board Minutes or similar. | The association name is verified with the ABR, ACNC or the State Association register, or a combination. If this is not possible then a reliable document is collected such as the Constitution, Rules, Board Minutes or similar. | NO | NO |
| Names of all members (if no association name) | YES | NO | NO | NO | ||||
| Business names | YES | NO | All business names are collected from ABR (if applicable) | All business names are collected from ABR (if applicable) | All business names are collected from ABR (if applicable) | NO | NO | |
| Other names commonly known by | YES | NO | All business/trade names are collected from ABR (if applicable) | All business/trade names are collected from ABR (if applicable) | All business/trade names are collected from ABR (if applicable) | NO | NO | |
| Unique identifier (if any - may not be available) | YES | YES (if applicable) | State Association Register, ABR, ACNC | The association number or ABN is verified with the ABR, ACNC or the State Association register, or a combination. | The association number or ABN is verified with the ABR, ACNC or the State Association register, or a combination. | The association number or ABN is verified with the ABR, ACNC or the State Association register, or a combination. | NO | NO |
| Principal place of business address | YES | NO | The principal place of business address is collected from the ACNC or the State Association register, or a combination. When this is not possible, the address is collected from the customer. | The principal place of business address is collected from the ACNC or the State Association register, or a combination. When this is not possible, the address is collected from the customer. | The principal place of business address is collected from the ACNC or the State Association register, or a combination. When this is not possible, the address is collected from the customer. | NO | NO | |
| Registered office address (if different from principal place) | YES | NO | The registered office address is collected from the ACNC or the State Association register, or a combination. When this is not possible, the address is collected from the customer. | The registered office address is collected from the ACNC or the State Association register, or a combination. When this is not possible, the address is collected from the customer. | The registered office address is collected from the ACNC or the State Association register, or a combination. When this is not possible, the address is collected from the customer. | NO | NO | |
| Constitution or rules of association | YES | NO | Collected only when needed, if association extract or ACNC extract is not available. Alternatively collected from ACNC, the state association register or the customer. | Collected only when needed, if association extract or ACNC extract is not available. Alternatively collected from ACNC, the state association register or the customer. | Collected only when needed, if association extract or ACNC extract is not available. Alternatively collected from ACNC, the state association register or the customer. | NO | NO | |
| Full names of committee members | YES | NO | The committee members and the relevant officeholders are collected from ACNC or the state association register. If this is not possible, they are collected from the customer by requesting relevant documents. | The committee members and the relevant officeholders are collected from ACNC or the state association register. If this is not possible, they are collected from the customer by requesting relevant documents. | The committee members and the relevant officeholders are collected from ACNC or the state association register. If this is not possible, they are collected from the customer by requesting relevant documents. | NO | NO | |
| Identity of any beneficial owners | YES | YES* | Individual identity verification guidance | UBOs are identified and verified | UBOs are identified and verified | UBOs are identified and verified | NO | NO |
| Nature of the entity (general commercial activity or sector, and kinds of products and services it offers) | YES | NO | NA | NA | Collected from the customer and/or secondary sources | NO | YES |
Unincorporated association
| Parameter | Collect | Verify | Verification Method | V1: bronID existing procedures pre-31 March 2026 | V2: bronID adjusted procedures post-31 March 2026 – for customers adopting transitional rules | V3: bronID Tranche 2 procedures – post-31 March 2026 | V1 vs V2 Change | V1 vs V3 Change |
|---|---|---|---|---|---|---|---|---|
| Evidence of existence | YES | YES | Rules, constitution of association or equivalent (original, copy or extract), ABR, ACNC | The association existence is verified with the ABR or ACNC; if this is not possible, then relevant documents such as the Constitution, Rules and Disclosure Certificates are collected. | The association existence is verified with the ABR or ACNC; if this is not possible, then relevant documents such as the Constitution, Rules and Disclosure Certificates are collected. | The association existence is verified with the ABR or ACNC; if this is not possible, then relevant documents such as the Constitution, Rules and Disclosure Certificates are collected. | NO | NO |
| Full name from rules or constitution | YES | YES | Rules, constitution of association or equivalent (original, copy or extract), ABR, ACNC | The association name is verified with the ABR or ACNC; if this is not possible, then relevant documents such as the Constitution, Rules and Disclosure Certificates are collected. | The association name is verified with the ABR or ACNC; if this is not possible, then relevant documents such as the Constitution, Rules and Disclosure Certificates are collected. | The association name is verified with the ABR or ACNC; if this is not possible, then relevant documents such as the Constitution, Rules and Disclosure Certificates are collected. | NO | NO |
| Names of all members (if no association name) | YES | NO | NO | NO | ||||
| Business names | YES | NO | All business names are collected from ABR (if applicable) | All business names are collected from ABR (if applicable) | All business names are collected from ABR (if applicable) | NO | NO | |
| Other names commonly known by | YES | NO | All business/trade names are collected from ABR (if applicable) | All business/trade names are collected from ABR (if applicable) | All business/trade names are collected from ABR (if applicable) | NO | NO | |
| Unique identifier (if any - may not be available) | YES | YES (if applicable) | ABR (if the entity has an ABN) | The ABN is verified with the ABR. Usually Unincorporated Associations do not have other numbers. | The ABN is verified with the ABR. Usually Unincorporated Associations do not have other numbers. | The ABN is verified with the ABR. Usually Unincorporated Associations do not have other numbers. | NO | NO |
| Principal place of business address | YES | NO | The principal place of business address is collected from the ACNC. When this is not possible because the entity is not a charity, the address is collected from the customer. | The principal place of business address is collected from the ACNC. When this is not possible because the entity is not a charity, the address is collected from the customer. | The principal place of business address is collected from the ACNC. When this is not possible because the entity is not a charity, the address is collected from the customer. | NO | NO | |
| Registered office address (if different from principal place) | YES | NO | The registered office address is collected from the ACNC. When this is not possible because the entity is not a charity, the address is collected from the customer. | The registered office address is collected from the ACNC. When this is not possible because the entity is not a charity, the address is collected from the customer. | The registered office address is collected from the ACNC. When this is not possible because the entity is not a charity, the address is collected from the customer. | NO | NO | |
| Constitution or rules of association | YES | NO | NO | NO | ||||
| Full names of committee members | YES | NO | The committee members and the relevant officeholders are collected from ACNC. If this is not possible because the entity is not a charity, they are collected from the customer by requesting relevant documents. | The committee members and the relevant officeholders are collected from ACNC. If this is not possible because the entity is not a charity, they are collected from the customer by requesting relevant documents. | The committee members and the relevant officeholders are collected from ACNC. If this is not possible because the entity is not a charity, they are collected from the customer by requesting relevant documents. | NO | NO | |
| Identity of any beneficial owners | YES | YES* | Individual identity verification guidance | UBOs are identified and verified | UBOs are identified and verified | UBOs are identified and verified | NO | NO |
| Nature of the entity (general commercial activity or sector, and kinds of products and services it offers) | YES | NO | NA | NA | Collected from the customer and/or secondary sources | NO | YES |
Registered co-operative
| Parameter | Collect | Verify | Verification Method | V1: bronID existing procedures pre-31 March 2026 | V2: bronID adjusted procedures post-31 March 2026 – for customers adopting transitional rules | V3: bronID Tranche 2 procedures – post-31 March 2026 | V1 vs V2 Change | V1 vs V3 Change |
|---|---|---|---|---|---|---|---|---|
| Official extract from co-operatives register (evidence of existence) | YES | YES | Official extract from state/territory co-operatives register | The co-operative existence is verified with the ABR, ACNC or the relevant State Register, or a combination. | The co-operative existence is verified with the ABR, ACNC or the relevant State Register, or a combination. | The co-operative existence is verified with the ABR, ACNC or the relevant State Register, or a combination. | NO | NO |
| Full name | YES | NO | The co-operative name is verified with the ABR, ACNC or the relevant State Register, or a combination. If this is not possible, then a reliable document is collected such as the Constitution, Rules, Board Minutes or similar. | The co-operative name is verified with the ABR, ACNC or the relevant State Register, or a combination. If this is not possible, then a reliable document is collected such as the Constitution, Rules, Board Minutes or similar. | The co-operative name is verified with the ABR, ACNC or the relevant State Register, or a combination. If this is not possible, then a reliable document is collected such as the Constitution, Rules, Board Minutes or similar. | NO | NO | |
| Business names | YES | NO | All business names are collected from ABR (if applicable) | All business names are collected from ABR (if applicable) | All business names are collected from ABR (if applicable) | NO | NO | |
| Other names commonly known by | YES | NO | All business/trade names are collected from ABR (if applicable) | All business/trade names are collected from ABR (if applicable) | All business/trade names are collected from ABR (if applicable) | NO | NO | |
| Unique identifier (if any) | YES | YES (if applicable) | ABR (if the entity has an ABN) | The co-operative unique identifier is verified with the ABR, ACNC or the relevant State Register, or a combination. If this is not possible, then a reliable document is collected such as the Constitution, Rules, Board Minutes or similar. | The co-operative unique identifier is verified with the ABR, ACNC or the relevant State Register, or a combination. If this is not possible, then a reliable document is collected such as the Constitution, Rules, Board Minutes or similar. | The co-operative unique identifier is verified with the ABR, ACNC or the relevant State Register, or a combination. If this is not possible, then a reliable document is collected such as the Constitution, Rules, Board Minutes or similar. | NO | NO |
| Principal place of business address | YES | NO | The principal place of business address is collected from the ACNC or the relevant State Register, or a combination. When this is not possible, the address is collected from the customer. | The principal place of business address is collected from the ACNC or the relevant State Register, or a combination. When this is not possible, the address is collected from the customer. | The principal place of business address is collected from the ACNC or the relevant State Register, or a combination. When this is not possible, the address is collected from the customer. | NO | NO | |
| Registered office address (if different from principal place) | YES | NO | The registered office address is collected from the ACNC or the relevant State Register, or a combination. When this is not possible, the address is collected from the customer. | The registered office address is collected from the ACNC or the relevant State Register, or a combination. When this is not possible, the address is collected from the customer. | The registered office address is collected from the ACNC or the relevant State Register, or a combination. When this is not possible, the address is collected from the customer. | NO | NO | |
| Constitution or equivalent document | YES | NO | NO | NO | ||||
| Full names of board members | YES | NO | The committee members and the relevant officeholders are collected from ACNC. If this is not possible because the entity is not a charity, they are collected from the customer by requesting relevant documents. | The committee members and the relevant officeholders are collected from ACNC. If this is not possible because the entity is not a charity, they are collected from the customer by requesting relevant documents. | The committee members and the relevant officeholders are collected from ACNC. If this is not possible because the entity is not a charity, they are collected from the customer by requesting relevant documents. | NO | NO | |
| Identity of any beneficial owners | YES | YES* | Individual identity verification guidance | UBOs are identified and verified | UBOs are identified and verified | UBOs are identified and verified | NO | NO |
| Nature of the entity (general commercial activity or sector, and kinds of products and services it offers) | YES | NO | NA | NA | Collected from the customer and/or secondary sources | NO | YES |
Registered indigenous corporation
| Parameter | Collect | Verify | Verification Method | V1: bronID existing procedures pre-31 March 2026 | V2: bronID adjusted procedures post-31 March 2026 – for customers adopting transitional rules | V3: bronID Tranche 2 procedures – post-31 March 2026 | V1 vs V2 Change | V1 vs V3 Change |
|---|---|---|---|---|---|---|---|---|
| Evidence of existence | YES | YES | Official extract from ACNC and ORIC | The indigenous corporation existence is verified with the ABR, ACNC or ORIC or a combination. | The indigenous corporation existence is verified with the ABR, ACNC or ORIC or a combination. | The indigenous corporation existence is verified with the ABR, ACNC or ORIC, or a combination. | NO | NO |
| Full name | YES | NO | The indigenous corporation name is verified with the ABR, ACNC or ORIC, or a combination. If this is not possible, then a reliable document is collected such as the Constitution, Rules, Board Minutes or similar. | The indigenous corporation name is verified with the ABR, ACNC or ORIC, or a combination. If this is not possible, then a reliable document is collected such as the Constitution, Rules, Board Minutes or similar. | The indigenous corporation name is verified with the ABR, ACNC or ORIC, or a combination. If this is not possible, then a reliable document is collected such as the Constitution, Rules, Board Minutes or similar. | NO | NO | |
| Business names | YES | NO | All business names are collected from ABR (if applicable) | All business names are collected from ABR (if applicable) | All business names are collected from ABR (if applicable) | NO | NO | |
| Other names commonly known by | YES | NO | All business/trade names are collected from ABR (if applicable) | All business/trade names are collected from ABR (if applicable) | All business/trade names are collected from ABR (if applicable) | NO | NO | |
| Unique identifier (if any) | YES | YES (if applicable) | ABR (if the entity has an ABN) | The indigenous corporation unique identifier is verified with the ABR, ACNC or ORIC, or a combination. If this is not possible, then a reliable document is collected such as the Constitution, Rules, Board Minutes or similar. | The indigenous corporation unique identifier is verified with the ABR, ACNC or ORIC, or a combination. If this is not possible, then a reliable document is collected such as the Constitution, Rules, Board Minutes or similar. | The indigenous corporation unique identifier is verified with the ABR, ACNC or ORIC, or a combination. If this is not possible, then a reliable document is collected such as the Constitution, Rules, Board Minutes or similar. | NO | NO |
| Principal place of business address | YES | NO | The principal place of business address is collected from the ACNC or ORIC, or a combination. When this is not possible, the address is collected from the customer. | The principal place of business address is collected from the ACNC or ORIC, or a combination. When this is not possible, the address is collected from the customer. | The principal place of business address is collected from the ACNC or ORIC, or a combination. When this is not possible, the address is collected from the customer. | NO | NO | |
| Registered office address (if different from principal place) | YES | NO | The registered office address is collected from the ACNC or ORIC, or a combination. When this is not possible, the address is collected from the customer. | The registered office address is collected from the ACNC or ORIC, or a combination. When this is not possible, the address is collected from the customer. | The registered office address is collected from the ACNC or ORIC, or a combination. When this is not possible, the address is collected from the customer. | NO | NO | |
| Constitution or equivalent document | YES | NO | NO | NO | ||||
| Full names of board members | YES | NO | The committee members and the relevant officeholders are collected from ACNC and/or ORIC. If this is not possible because the entity is not a charity, they are collected from the customer by requesting relevant documents. | The committee members and the relevant officeholders are collected from ACNC and/or ORIC. If this is not possible because the entity is not a charity, they are collected from the customer by requesting relevant documents. | The committee members and the relevant officeholders are collected from ACNC and/or ORIC. If this is not possible because the entity is not a charity, they are collected from the customer by requesting relevant documents. | NO | NO | |
| Identity of any beneficial owners | YES | YES* | Individual identity verification guidance | UBOs are identified and verified | UBOs are identified and verified | UBOs are identified and verified | NO | NO |
| Nature of the entity (general commercial activity or sector, and kinds of products and services it offers) | YES | NO | NA | NA | Collected from the customer and/or secondary sources | NO | YES |
Trust
| Parameter | Collect | Verify | Verification Method | V1: bronID existing procedures pre-31 March 2026 | V2: bronID adjusted procedures post-31 March 2026 – for customers adopting transitional rules | V3: bronID Tranche 2 procedures – post-31 March 2026 | V1 vs V2 Change | V1 vs V3 Change |
|---|---|---|---|---|---|---|---|---|
| Evidence of existence | YES | YES | Trust deed or equivalent instrument, will, or letter of administration; Government register (if applicable) | The trust existence is verified with the ABR, ACNC or relevant documentation such as trust deed and other deeds. Usually a combination of sources is used where applicable. | The trust existence is verified with the ABR, ACNC or relevant documentation such as trust deed and other deeds. Usually a combination of sources is used where applicable. | The trust existence is verified with the ABR, ACNC or relevant documentation such as trust deed and other deeds. Usually a combination of sources is used where applicable. | NO | NO |
| Full name of the trust | YES | YES | Trust deed and amendments (e.g., deeds of variation); ABN Lookup on Australian Business Register | The trust name is verified with the ABR, ACNC or relevant documentation such as trust deed and other deeds. Usually a combination of sources is used where applicable. | The trust name is verified with the ABR, ACNC or relevant documentation such as trust deed and other deeds. Usually a combination of sources is used where applicable. | The trust name is verified with the ABR, ACNC or relevant documentation such as trust deed and other deeds. Usually a combination of sources is used where applicable. | NO | NO |
| Trust type or equivalent | YES | YES | Trust deed and amendments; Letters/documents from independent professional service providers (lawyer/accountant); ABN Lookup; Foreign registration body information (if applicable) | The trust type is collected/verified with the ABR, ACNC or relevant documentation such as trust deed and other deeds. Usually a combination of sources is used where applicable. | The trust type is collected/verified with the ABR, ACNC or relevant documentation such as trust deed and other deeds. Usually a combination of sources is used where applicable. | The trust type is collected/verified with the ABR, ACNC or relevant documentation such as trust deed and other deeds. Usually a combination of sources is used where applicable. | NO | NO |
| Business names | YES | NO | All business names are collected from ABR (if applicable) | All business names are collected from ABR (if applicable) | All business names are collected from ABR (if applicable) | NO | NO | |
| Other names commonly known by | YES | NO | All business/trade names are collected from ABR (if applicable) | All business/trade names are collected from ABR (if applicable) | All business/trade names are collected from ABR (if applicable) | NO | NO | |
| Unique identifier (ABN if applicable) | YES | YES | ABR, SMSF Lookup, or foreign equivalent | The ABN is verified with the ABR and the SMSF lookup where applicable. | The ABN is verified with the ABR and the SMSF lookup where applicable. | The ABN is verified with the ABR and the SMSF lookup where applicable. | NO | NO |
| Principal place of business or operations address | YES | NO | This is the address of the Trustees and is collected directly from the customer, ASIC, or provided documentation. | This is the address of the Trustees and is collected directly from the customer, ASIC, or provided documentation. | This is the address of the Trustees and is collected directly from the customer, ASIC, or provided documentation. | NO | NO | |
| Information about powers that bind and govern the trust | YES | YES | Trust deed and amendments; Letters/documents from independent professional service providers; Country's laws under which trust was established | Trust deed and other relevant deeds such as Deeds of Variation, Deeds of Amendments, Unit Registers etc. are collected and machine analysed. | Trust deed and other relevant deeds such as Deeds of Variation, Deeds of Amendments, Unit Registers etc. are collected and machine analysed. | Trust deed and other relevant deeds such as Deeds of Variation, Deeds of Amendments, Unit Registers etc. are collected and machine analysed. | NO | NO |
| Individuals responsible for governance and executive decisions | YES | YES* | Trust deed; Instrument of appointment; Letters/documents from independent professional service providers | This is obtained from the Trust deed and other relevant deeds such as Deeds of Variation, Deeds of Amendments, Unit Registers etc. which are collected and machine analysed. | This is obtained from the Trust deed and other relevant deeds such as Deeds of Variation, Deeds of Amendments, Unit Registers etc. which are collected and machine analysed. | This is obtained from the Trust deed and other relevant deeds such as Deeds of Variation, Deeds of Amendments, Unit Registers etc. which are collected and machine analysed. | NO | NO |
| Identity of each beneficiary (or class of beneficiaries if individuals cannot be identified) | YES | YES* | Same method as would apply if beneficiary were the customer (individual or entity verification); Trust deed (for class of beneficiaries); Evidence of trust activity. * When there are extremely high numbers of beneficiaries or no named beneficiaries, collect and verify a description of each class of beneficiaries (e.g., "children and descendants," "charitable beneficiaries," "investors") instead of individual identities | This is obtained from the Trust deed and other relevant deeds such as Deeds of Variation, Deeds of Amendments, Unit Registers etc. which are collected and machine analysed. | This is obtained from the Trust deed and other relevant deeds such as Deeds of Variation, Deeds of Amendments, Unit Registers etc. which are collected and machine analysed. | This is obtained from the Trust deed and other relevant deeds such as Deeds of Variation, Deeds of Amendments, Unit Registers etc. which are collected and machine analysed. | NO | NO |
| Identity of all trustees | YES | YES* | Same method as would apply if trustee were the customer (individual or entity verification); Trust deed; Instrument of appointment | At least one trustee is verified with the relevant procedure for an individual or an entity. | All trustees are verified with the relevant procedure for an individual or an entity. | All trustees are verified with the relevant procedure for an individual or an entity. | YES | YES |
| Identity of any settlor, appointor, guardian or protector | YES | YES* | Individual identity verification guidance; Trust deed; Letters/documents from professional services firms; Copy of trustee resolutions; Memorandum of trust. Verify only individuals who have current control and role (e.g. settlors are not needed in most cases). | The settlor is verified only if the settled sum is $10,000 or more. All other roles (appointor, guardian or protector) are identified and verified. | The settlor is verified only if the settled sum is $10,000 or more. All other roles (appointor, guardian or protector) are identified and verified. | The settlor is verified only if the settled sum is $10,000 or more, or if they still have an active role in the trust (this is usually not the case). All other roles (appointor, guardian or protector) are identified and verified. | NO | NO |
| Identity of any beneficial owners | YES | YES* | Individual identity verification guidance | UBOs are identified and verified | UBOs are identified and verified | UBOs are identified and verified | NO | NO |
| Nature of the entity (general commercial activity or sector, and kinds of products and services it offers) | YES | NO | NA | NA | Collected from the customer and/or secondary sources | NO | YES |
Government body
| Parameter | Collect | Verify | Verification Method | V1: bronID existing procedures pre-31 March 2026 | V2: bronID adjusted procedures post-31 March 2026 – for customers adopting transitional rules | V3: bronID Tranche 2 procedures – post-31 March 2026 | V1 vs V2 Change | V1 vs V3 Change |
|---|---|---|---|---|---|---|---|---|
| Evidence of existence | YES | YES | Law or executive decision/order establishing the agency; Extract from official government website; ABN Lookup; Government reports and directories | The government body existence is checked by reviewing law or executive decision/order establishing the agency; Extract from official government website; ABN Lookup; Government reports and directories | The government body existence is checked by reviewing law or executive decision/order establishing the agency; Extract from official government website; ABN Lookup; Government reports and directories | The government body existence is checked by reviewing law or executive decision/order establishing the agency; Extract from official government website; ABN Lookup; Government reports and directories | NO | NO |
| Full name of the government body | YES | YES | Official government website (.gov.au domain); ABN Lookup on Australian Business Register; Legislation or executive decision on official government website; Government reports and directories | The full name is verified with official government website (.gov.au domain); ABN Lookup on Australian Business Register; Legislation or executive decision on official government website; Government reports and directories | The full name is verified with official government website (.gov.au domain); ABN Lookup on Australian Business Register; Legislation or executive decision on official government website; Government reports and directories | The full name is verified with official government website (.gov.au domain); ABN Lookup on Australian Business Register; Legislation or executive decision on official government website; Government reports and directories | NO | NO |
| Other names commonly known by | YES | NO | All business/trade names are collected from ABR (if applicable). International business name registers are used for international government bodies where applicable | All business/trade names are collected from ABR (if applicable). International business name registers are used for international government bodies where applicable | All business/trade names are collected from ABR (if applicable). International business name registers are used for international government bodies where applicable | NO | NO | |
| Name of country or part of country under which government body is established | YES | YES | Official government website; ABN Lookup; Legislation or executive decision; Government reports and directories | The country or region of establishment is collected from the customer and then verified with official government sources, the ABN lookup or proprietary database | The country or region of establishment is collected from the customer and then verified with official government sources, the ABN lookup or proprietary database | The country or region of establishment is collected from the customer and then verified with official government sources, the ABN lookup or proprietary database | NO | NO |
| Unique identifier (if any has been given) | YES | NO | ABR (if applicable) or foreign equivalent | All business names are collected from ABR (if applicable) or the relevant international business name database. | All business names are collected from ABR (if applicable) or the relevant international business name database. | All business names are collected from ABR (if applicable) or the relevant international business name database. | NO | NO |
| Principal place of business or operations address | YES | YES | Official government website; ABN Lookup; Government reports and directories; Reliable and independent publicly available details | The principal place of business is collected from the customer and then cross-referenced with official government website; ABN Lookup; Government reports and directories; Reliable and independent publicly available details | The principal place of business is collected from the customer and then cross-referenced with official government website; ABN Lookup; Government reports and directories; Reliable and independent publicly available details | The principal place of business is collected from the customer and then cross-referenced with official government website; ABN Lookup; Government reports and directories; Reliable and independent publicly available details | NO | NO |
| Full name of individuals with primary responsibility for governance and executive decisions | YES | NO | This is not collected. | This is not collected. | Collected from the customer or the official government website; Government reports and directories; Reliable and independent publicly available details | NO | YES | |
| Identity of any beneficial owners | YES | YES/NO* | Official government website (description of individual and role); Instrument of appointment; Publicly available information about governance and control. *Both domestic and foreign government bodies get the beneficial owner exemption if they are low ML/TF risk and enhanced CDD doesn't apply | Identification and verification of beneficial owners is not performed for government bodies | Identification and verification of beneficial owners is not performed for government bodies | At least one UBO must be identified and verified if the entity cannot be verified with a Simplified Procedure. Most government bodies will not have UBOs and/or can be verified with a Simplified Procedure. | NO | NO/YES |
Identifying and Verifying Ultimate Beneficial Owners (UBOs)
For most organisation types, bronID will identify and request verification of the Ultimate Beneficial Owners (UBOs). Depending on your settings and chosen verification procedure, UBOs will be verified using different methods — Safe Harbour (the default for V1 and V2) or eDocument KYC (the default for V3). These settings can be adjusted in your IDV Rules setup in the Portal depending on your needs.
Electronic verification vs eDocument KYC
| Electronic Verification (data) | eDocument KYC | |
|---|---|---|
| Full name | Must collect and verify with 2 data sources | Must collect and verify with 2 documents |
| DoB | Must collect, and must be verified if the address is not verified | Must collect and verify with 1 document |
| Address | Must collect and verify if the DoB is not verified | Must collect, and may be verified with 1 document |
| Unique Identifier (e.g. Document Number) | Optional | Must collect and verify with at least 1 document |
| Liveness | Not applicable | Must complete a liveness check |
| Biometrics | Not applicable | Satisfactory biometric match with at least 1 photo document |
Simplified Verification Procedures
bronID will apply Simplified Verification Procedures and skip the identification and verification of beneficial owners for certain entity types. The reason for applying a simplified procedure will be included in the IDV Certificate.
Qualifying entity types:
- Government bodies (federal, state, local, or foreign)
- Entities subject to regulatory oversight by a prudential, insurance, or investor protection regulator (e.g., APRA- or ASIC-regulated entities)
- Corporations or associations of homeowners in a strata or community title scheme
- Publicly listed companies subject to public disclosure requirements
- Entities majority owned or controlled by any of the above qualifying entity types
Configure IDV Rules
bronID allows a level of flexibility in the interpretation of these rules in accordance with your AML/CTF Program. To change the way entities are processed, you can adjust the settings in your IDV Rules setup in the Portal depending on your needs.
