Reporting transactions of $10,000 and over: Threshold transaction reports (TTRs)
New AML/CTF reforms guidance has now been released. Until the laws change on 31 March 2026, we’ll maintain our guidance on existing obligations on these pages.
To understand your obligations from 31 March onwards, please refer to our reforms guidance.
A ‘threshold transaction’ is the transfer of physical currency (cash) of A$10,000 or more (or the foreign currency equivalent) as part of providing a designated service. A transfer can include receiving or paying cash.
If you provide a designated service that involves a threshold transaction, 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.
Who must submit TTRs
Any business that provides a designated service that involves the transfer of A$10,000 or more (or the foreign currency equivalent) must submit a TTR to AUSTRAC.
If you are an affiliate of a remittance network provider (RNP) and the threshold transaction was made on your RNP’s network, they must submit the TTR for you.
Exemptions from TTR obligations
You don’t have to submit a TTR if the designated service involving a threshold transaction is provided:
- at or through your permanent establishment in a foreign country
- by an authorised deposit-taking institution (ADI) to a customer that is also an ADI
- by the Reserve Bank of Australia to a customer that holds an exchange settlement account (ESA) (that is, an account held at the Reserve Bank for settlement of obligations between ESA holders)
- by an ESA holder to a customer that holds an exchange settlement account.
Additionally, if you hold an Australian Financial Services Licence (AFSL) and only arrange for a person to receive a designated service rather than providing it yourself, you do not have to submit a TTR.
This guidance sets out how we interpret the Act, along with associated Rules and regulations. Australian courts are ultimately responsible for interpreting these laws and determining if any provisions of these laws are contravened.
The examples and scenarios in this guidance are meant to help explain our interpretation of these laws. They’re not exhaustive or meant to cover every possible scenario.
This guidance provides general information and isn't a substitute for legal advice. This guidance avoids legal language wherever possible and it might include generalisations about the application of the law. Some provisions of the law referred to have exceptions or important qualifications. In most cases your particular circumstances must be taken into account when determining how the law applies to you.