Please enter your username and password here:Forgot Password?
Please enter your details here:or Login
There are no legal restrictions on capital flows into and out of Australia.
You can generally transfer money free of charge and without restriction to another Australian account.
Your bank may charge you for international transfers, although fees may vary. You might wish to check the applicable charges and restrictions at your Australian bank.
Alternatively, you can use the services of a money transfer company. To save money, you can also use a price comparison website specialised in money transfers.
Typically, your charges are largely passed on to the applicable foreign exchange rate. See Foreign Exchange for Expats in Australia.
Cash Control Rules
You must make a declaration to the Customs Authority if you transfer at least A$10,000 (or currency equivalent) worth of cash to or from Australia. Additionally, you must disclose any cash, regardless of the amount, if you are requested to do so by a Customs and Border Protection officer or by a police officer.
Cash transfers include banknotes and coins, banker’s drafts, bearer instruments, e-money and negotiable cheques. International bank transfers are not within the scope of cash control rules.
Sections in FINANCIAL CONSIDERATIONS IN AUSTRALIA:
» Money Transfers for Expats in Australia
» Foreign Exchange for Expats in Australia
» Banking for Expats in Australia
» Pensions for Expats in Australia
» Investment for Expats in Australia
» Wealth Management for Expats in Australia
» Property Investment for Expats in Australia
» Insurance for Expats in Australia
We value input from our readers. If you spot an error on this page or have any suggestions, please let us know.
If you are considering moving to Australia or are soon to depart, you can find helpful information and advice in the Expat Briefing dedicated Australian section including; details of immigration and visas, Australian forums, Australian event listings and service providers in Australia.
From your safety to shopping, living in Australia can yield great benefits as well as occasional drawbacks. Find your feet and stay abreast of the latest developments affecting expats in Australia with relevant news and up-to-date information.
Working in Australia can be rewarding as well as stressful, if you don't plan ahead and fulfill any legal requirements. Find out about visas and passports, owning and operating a company in Australia, and general Australian culture of the labour market.
About | Useful Links | Global Media Partners | Media | Advertising And Sales | Banners And Widgets | Glossary | RSS | Privacy & Cookies | Terms And Conditions | Editorial Policy | Refer To A Friend | Newsletters | Contact | Site Map
Important Notice: Wolters Kluwer TAA Limited has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments. © Wolters Kluwer TAA Ltd 2017. All rights reserved.
The Expat Briefing brand is owned and operated by Wolters Kluwer TAA Limited.