Taking cash / currency out of Australia
Australia requires declaration when leaving with cash and bearer-form negotiable instruments above AUD 10,000 equivalent.
Details
Travellers departing from Australia carrying cash, banker's cheques, bearer bonds, or other bearer-form negotiable instruments totalling AUD 10,000 or more must complete Cross-Border Movement Physical Currency Report at customs before boarding. This threshold aggregates all currencies at exchange-rate parity. Failure to declare is grounds for seizure of the entire cash amount under AML/CTF Act 2006 s.53 plus criminal prosecution for aggravated cases. Source-of-funds documentation (bank withdrawal receipts, payroll records, sale contracts) may be requested. Legitimate declared movements are not restricted; the requirement is transparency-based to combat money laundering and tax evasion.
Quantity limits
Above AUD 10,000 equivalent triggers declaration
Documentation required
- Cross-Border Movement Physical Currency Report
- Source-of-funds evidence if requested (bank statement, sale contract, payroll)
The other direction
Bringing cash / currency into Australia(restricted)