Reporting transactions of $10,000 and over: Threshold transaction reports (TTRs)
A ‘threshold transaction’ is the transfer of physical currency of A$10,000 or more (or the foreign currency equivalent) as part of a designated service. A transfer can be either receiving or paying cash.
As a reporting entity, you must report these transfers to AUSTRAC in a threshold transaction report (TTR) within 10 business days.
TTRs help us detect, deter and disrupt criminal and terrorist activity.
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