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Gold Prospecting
Gold localities & information
Selling gold - how, why, where
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<blockquote data-quote="Phil8303" data-source="post: 643473" data-attributes="member: 21490"><p>Speaking from my old banking days (I used to work in banking fraud), the $10k reporting piece to ATO was not automatically reported. This may have changed, as it was more than a decade ago, but the austrac reporting is certainly true for any >$10k transactions. The royal commission into the sector probably has shifted the goalposts towards ATO auto reporting these days, but if they really wanted to catch crooks, they should start with the executives of the finance sector. I would never return to that industry; you could clean toilets and deal with less $H1T.</p></blockquote><p></p>
[QUOTE="Phil8303, post: 643473, member: 21490"] Speaking from my old banking days (I used to work in banking fraud), the $10k reporting piece to ATO was not automatically reported. This may have changed, as it was more than a decade ago, but the austrac reporting is certainly true for any >$10k transactions. The royal commission into the sector probably has shifted the goalposts towards ATO auto reporting these days, but if they really wanted to catch crooks, they should start with the executives of the finance sector. I would never return to that industry; you could clean toilets and deal with less $H1T. [/QUOTE]
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Gold Prospecting
Gold localities & information
Selling gold - how, why, where
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