Ausfags, get in here. This is an emergency thread

Ausfags, get in here. This is an emergency thread.

Today, the Australian Government indicated a plan to limit cash payments and potentially remove the $100 note as part of a crack down on the 'black economy'.

baka.com.au/federal-politics/political-news/future-of-the-100-note-up-for-grabs-as-government-targets-undeclared-cash-payments-20161213-gtakk5.html

I have over $100,000 in $100 notes.

Questions:

1. How much can I legally deposit at bank branches in one day? Assuming I deposited $5,000 per branch over 4 branches per day to avoid suspicion.

2. How much can I deposit per week, or per day, without looking suspicious or being reported?

3. How much can I or should I deposit per year (assuming I even have that long), without being fucked over?

Any advice is appreciated. Thank you.

Amerifat here, if the real concern is the fact that the 100 dollar bill will become useless, why dont you deposit at a medium rate, and then go to other banks and casinos and get other currency sizes. Ozzies got a $50 note right? $20s?

Read this today at work.

I'm srsly disgusted at this trend and step by the Government. How much is too much surveillance?

Buy gold with it.

Then when you need to sell the gold and get a check for your bank. As long as it its a bit at a time. 1000 here, 1000 there, etc...

If the govt ever finds out use some creative accounting to explain the deposits.

same thing with india and the euro, fuck dude the mark is coming

Why don't you just put it in the bank. The bank just stores how much money you have, right? Not how many 100's and 50's you deposited

What's the mark?

Some reason I thought it was 10k a month (maybe a year) you can deposit in the bank without needing to declare it.

That doesn't really make sense.

Just did some preliminary research. It appears transactions/deposits over AU $10,000 per day are reported. But if I was to deposit $10,000 every day, it would probably also be reported.

The budget update is next week. Surely they will give us some time to make deposits, instead of removing $100 notes immediately like India. R-right?

He's one of those bible revelation fags. Something something mark of the beast.

shit's getting serious
buy physical gold and silver and hold it

i guess a cash ban means helicopter money and hyperinflation in a few years if (((they))) want to wait that long

probably some time during trumps term, acting like he was responsible

but maybe that's plan B and plan A is to stop him from getting into office and/or start a war with russia and/or start a civil war in the usa

responible for hyper inflation and total eceonomic collapse that is

How's that mental illness treating you?

Can someone reassure me by answering the first part of this

Or should I go and bank all my 100s tomorrow?

OP here.

Can people spend less time discussing 'the mark' and answer my questions?

Surely they will provide a term period to make deposits, like over a year, right? Instead of just banning immediately?

Australians please.

You're fucking scaring me man. Should I go and bank all my 100s tomorrow?

Stay calm. Wait and see what the Budget recommends.

They can't just kill off the $100.00 immediately -- it would destroy the economy. Expect a period where they allow deposits.

But
The
Indians
Killed
It
IMMEDIATELY
Didn't
They
???

Yeah but indians are stupid af

that's exactly my thinking

I'm also afraid this will have some sort of contagion effect and other governments follow suit worldwide in an effort to "get back" their taxes (greedy)

quite frankly, the amount of money they hope to "recover" from lost taxes is tiny, and said recovery isn't even guaranteed

agreed. the people who distrust banks and have been hoarding cash (after paying all their taxes) like OP are the ones who will lose the most, especially if they haven't kept track of every single transaction (I mean who does?)

it's definitely a way for the government to track everyone's use of money by forcing everyone to go electronic (like sweden)

this love of electronic money won't end well. one EMP and everyone's "e-money" will be scrambled bits.
pic related. beautiful picture of a 100 dollar bill with a few random bits mixed around

not just that dude, the chips are laced with fucking cyanide, and by the mark i mean they mark you like an animal.

...

The report suggests limiting cash payments to under $2,000.

But PAYMENT is distinct from DEPOSIT, insofar as I could make as many deposits as I would like in the currency, correct?

Please answer the questions in the OP.

most people know about ctr on here
if you are not ctr then go research for yourself if you do not believe me

i am not from australia so i do not know if they report large deposits
my advice is to research these things and then come to your own decision

i don't want to responible for your loss of money by telling you to buy gold and silver but that is what i have done

again: do not just listen to me, do your own research

Why do you have so much physical cash?

If you've been getting cash in hand for jobs over the years then fuck ya, pay your damn taxes

Drive around buying stuff with 100 notes to get change.
E.g. Buy a mac for $5 and get back 95 in change. You just have to do it 1000 times.

Make sure you deposit less than $10,000 a day if you want to put it in a bank. Anything over that, they have to report as suspicious. Keep your deposits to less than $250,000 per account so that it is covered by the government deposit insurance. Buy gold. If you buy less than $5000 a day then there is no need for transactions to be recorded. Buy physical assets that might be productive eg. machinery. Use asian businesses to eat, buy groceries. They don't blink at $100 notes if you pay and can get change in 50s and other notes. Buy a cheap flight to Singapore. You can legally take up to $10,000 out of the country without declaring. Buy gold and store it in an account overseas. Otherwise, go travel and enjoy. Government's gonna try and take it sooner or later.

Best reply so far. Thank you.

So as long as I deposit less than $10,000 per day, I should be okay, right? Maybe $5,000 per week over a 3 month period?

I stand by my statement that if the $100.00 is removed, it will be given a set date where it will no longer be eligible. They are not going to kill it immediately. There is still time to deposit.

It is not going to become worthless overnight. Remember $1 and $2 notes? They are still tender, they just don't get recirculated as part of the removal.

I think this all crazy nonsense and wont happen. But if you're really interested, read into AUSTRAC if you want to know what sort of cash deposits you're making. If you're avoiding tax, they'll just financially reconstruct your accounts and income to determine you're taking an illegal stream of income and then tax you on it. Paper trails create evidence bruh

Go to that website where you meet cunts in shady alleys and exchange bitcoin

Go to your local bikie gang and get it laundered. They might take a few grand off the top tho.

>Go down the servo
>buy $10 petrol
>repeat 100,000 times.

>Buy $10 petrol
>$90 change
>Buy a beer in pub
>buy groceries

Knowing how expensive it is to live in Oz, won't take long. Your income just stays in the bank.

Oh a thinly veiled money laundering thread, this'll be gud.

This the bank is obliged to report any transaction of 10k but when an investigation happens you are fucked either way if you have any illegal income streams. Works the same in Europe.

Shit's distopian as fuck but that's how it is. Time to do some criminal money laundering if your cash is not legit. Many laundering techniques have already been posted.

>Casino visits
>Cash asset purchase
>Smurfing deposits AKA structuring deposits
>Buying precious metals with cash.

My guess is some of the corporate methods such as over/under billing are not an option.

Google "money laundering techniques"tens of good pages.

Don't put all your eggs in one basket mate.
I would say this is a good time to do any cash asset purchases, visit a casino, and buy a lot of chewing gum with 100USD bills.

This guy speaks the truth.

I would personally start to use $100 bills for everything (Christmas is coming - buy everything cash)

I would also start to make deposits into various accounts.

To look as unsuspicious as possible you should look for high interest accounts - they usually have a "catch" that you only get interest for the first X months and you have to deposit at least $1000 per month. If you stagger it then it would look like, on paper, that you are maximising your savings rather than being dodgy.

Hello, guys. I'm poor russian lazy ass, that want more moneys. If you have breakfast finances, or just want to spend your cash for nothing, send some peanuts to my btc wallet. I promise, that spend moneys for alcolol and tasty food, maybe upgrade computer or save for future work&travel trip. Fuck you. And thanks for your attention. 1HknM2tLKH2s7NAnVdXuF9pxUYjuGRosZo

brazilian here, we know how to do ilegal shit:
-you can look for gambling places and try to find people that own lottery or things like that. Buy all the winning tickets, you will have to pay extra obviously. in the end you will have legal money.
you can buy bitcoin and pay with cash. Thats risky as fuck unless you can transfer the phisical thing to your wallet while the dude that sold you are still with you. once you have the bitcoin, just buy a prepaid bitcoin CC. and everything you can do with a card you can now be able to do. the money is still ilegal, but its harder to freeze and easyer to spend.
Finance shows and other events, this kind of things have blurry records, and you can easily get your money back in the process legally.

Since nobody is asking the real question here, why do you have $100k in cash OP?

Granddad was a survivor of the Shoah and didn't trust the banks. Plus, pension. He died last month.

It's not about taxes, it's about getting money into the highly leveraged banking system so the debt fuelled party can keep going. The Orwellian shit comes later, night now it's about achieving maximum financialization to keep asset prices, and thus the illusion, up.

So I guess you haven't paid Estate tax and that's why you're so nervous about it?

sent ;)

They don't have that in Australia.

>walk into bank with suitcase full of money
>ask to talk to a banker in private room
>"Hi, my grand dad passed away and I have 100k here in cash I'd like to deposit"

Done.

If you want out of the system enough to keep your money in cash you may as well get out of the system completely.

Gold and silver for a portion as some have suggested. Another portion you could deposit at the bank as you plan to do.

You should also bet on the future of money though. Obviously all this bullshit governments are trying to pull is going to come crashing down on them and gold isn't really practical for everyday use.

Crypto-currency will truly be what saves the day. It is inevitable. You can use localbitcoins to find people who will trade cash for bitcoins. Then I recommend you look up Monero, true digital cash that is private and fungible.

My advice is to get out of the system (not completely but to the extent you feel comfortable). Cash or bank it's still government money and they will fuck you however they want.

I can even trade you some Monero directly depending on what city you're in. I'm just an ausfag posting at 3am.