Taking Money To Australia

If you have a substantial sum of money to bring to Australia, arrange for a direct electronic transfer from a bank in your country to a bank in Australia.

If you arrive with more than A$10,000 in cash, you must declare it to Australian customs at the airport after you land Australia.

No tax is payable on money you bring to Australia.

Once you have arrived, you become a tax resident of Australia. You will then be liable for tax on income and capital gains from any investments in Australia and any you have left overseas.

Australian Government criteria state that you will be an Australian tax resident if you have:

1. always lived in Australia

or

2. moved to Australia and live here permanently

or

3. been in Australia continuously for six months or more and for most of the time you have been:
>>> in the one job and
>>> living in the same place

or

4. been in Australia for more than half of the financial year, unless
>>> your usual home is overseas, and
>>> you do not intend to live in Australia.