UPDATE FOR THE TRADE

March 2026

Key government changes impacting our industry in 2026

As we move further into 2026, the Jewellers Association of Australia (JAA) wishes to update members and the wider industry on three important government reforms that will have a direct impact on how businesses operate within the jewellery sector. Staying informed and prepared is essential to maintain compliance and seize new opportunities for growth and development.

1. Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Reforms

From 1 July 2026, dealers in precious metals, stones, and jewellery products will be brought under enhanced AML/CTF regulations. This change aims to close existing gaps in Australia’s financial system that criminal enterprises exploit. AUSTRAC is implementing these reforms to better align with international standards and strengthen protections against organised crime and professional money laundering activities.

For jewellers, this means increased due diligence obligations including customer identification, transaction reporting, and risk management procedures. While this introduces additional compliance responsibilities, it also helps safeguard the industry’s reputation and consumer trust. The JAA is actively working to support members through this transition, providing guidance and resources to help you meet these new requirements confidently.

2. Payday Superannuation Guarantee Reforms

From 1 July 2026, new laws known as “Payday Super” will change how employers manage superannuation guarantee (SG) payments. Rather than making quarterly contributions, employers will be required to pay superannuation contributions to employees’ chosen funds within each pay cycle.

This reform ensures that employees’ super is paid more promptly, improving their retirement savings and reducing the risk of missed payments. For employers, it means updating payroll processes and systems to accommodate more frequent payments. The JAA encourages all members employing staff to familiarise themselves with the new rules to ensure seamless compliance.

3. Australian Apprenticeships Priority List Recognition

In January 2026, the trade of Jeweller was officially included on the Australian Apprenticeships Priority List. This recognition reflects the ongoing skills shortage in the jewellery industry and opens the door to enhanced government incentives and supports for employers who engage apprentices in this trade.

Being on the Priority List means that businesses can access priority hiring incentives, support payments for apprentices, and assistance through the Australian Apprenticeships Support Network. This development is a positive step towards nurturing the next generation of skilled jewellers and strengthening the industry’s workforce for the future.

Looking Ahead

The JAA is committed to keeping members and industry informed and supported as these reforms take effect. We encourage you to take the time to understand these changes and to reach out to the Association if you need guidance or resources to navigate them successfully.

Together, we can ensure the jewellery industry remains vibrant, compliant, and well-positioned for growth in 2026 and beyond.

JAA Board

JAA Directors, former directors and staff - JIF Sydney and Melbourne (2025, 2025 and 2024)
Images not for reproduction without permission

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The Jewellers Association of Australia acknowledge the Traditional Owners of the land where we work and live. We pay our respects to Elders past, present and emerging.
We celebrate the stories, culture and traditions of Aboriginal and Torres Strait Islander Elders of all communities who also work and live on this land.