The $10,000 Cash Rule Every Australian Retiree Should Know (AUSTRAC)

Описание: ⚠️ GENERAL FACTUAL INFORMATION ONLY — NOT FINANCIAL, TAX, OR LEGAL ADVICE. This does not consider your situation. Speak with a licensed financial adviser, a registered tax agent, or your bank before acting. Rules & figures change — verify current at austrac.gov.au / moneysmart.gov.au. Sources below.

Separates the three things welded together in people's minds: the rule that IS real (AUSTRAC's Threshold Transaction Report — an obligation on the bank, not a limit/tax/ban on you), the ban that ISN'T (the Currency (Restrictions on the Use of Cash) Bill 2019 — passed the House, rejected by the Senate, never law), why some banks tightened large cash handling on their own, and the one genuine trap: structuring (splitting deposits) is itself an offence.

*Sources:* austrac.gov.au · aph.gov.au (2019 bill record) · moneysmart.gov.au