How much cash are you allowed to bring into Australia?

Walking Through Customs with Cash: What You Need to Know About Bringing Money into Australia

Australia, land of sunshine, stunning landscapes, and unique wildlife, welcomes visitors from all corners of the globe. But if you’re planning to bring a substantial amount of cash Down Under, it’s important to be aware of the declaration requirements. Contrary to popular belief, there’s no limit to the amount of physical currency you can bring into Australia. You can bring in a suitcase full of cash if you choose, but declaring it is where the key difference lies.

The magic number is $10,000 AUD. This threshold applies to both Australian dollars and the equivalent value in any foreign currency. If the total amount of currency you’re carrying (including all currencies combined) meets or exceeds this amount, you are legally obligated to declare it upon both arrival and departure.

This isn’t a tax or a fee; it’s a reporting requirement designed to combat money laundering and other financial crimes. The Australian Transaction Reports and Analysis Centre (AUSTRAC) uses this information to monitor the flow of cash across Australian borders.

What happens if I don’t declare?

Failing to declare currency exceeding $10,000 AUD can have serious consequences. You could face hefty fines, have your cash seized, and even face criminal charges. It’s simply not worth the risk.

How do I declare my cash?

Declaration is a straightforward process. Upon arrival and departure, you’ll need to complete a Bearer Negotiable Instruments (BNI) form, also known as a Currency Report. This form is readily available at customs points or can be downloaded in advance from the AUSTRAC website.

What counts as “currency”?

The $10,000 threshold encompasses more than just banknotes and coins. It also includes:

• Traveller’s cheques: These are considered a form of currency and must be included in your calculation.
• Money orders: Similar to traveller’s cheques, these should be factored into your total.
• Cheques: While personal cheques aren’t typically considered BNI’s, it’s best to err on the side of caution and declare them if you have a significant amount.

What if I’m travelling with others?

Each individual is responsible for declaring their own currency. Pooling funds together and having one person declare the total amount won’t work. Every traveller carrying $10,000 AUD or more (or foreign equivalent) must complete their own declaration form.

So, while you’re free to bring as much cash as needed for your Australian adventure, remember to declare any amounts meeting or exceeding $10,000 AUD. This simple act of compliance will ensure a smooth and hassle-free journey through customs.