A client brought over $35,000 in cash from overseas through the airport and want to deposit it into an account here in Australia as has permanent resident status. The cash was gained as income (wages in different country) before arriving in Australia.
is there any risk to deposit the cash into bank account and what documents needed ( does he need proof of income?)
Hi @JDijwer,
Generally speaking, if you're transferring money to a personal bank account, it isn't considered income for Australian tax purposes.
If the money has been earned overseas while a non-tax resident of Australia, then the Australian tax rules won't apply. However, any interest you earn on the money while it's held in the Australian bank account would be subject to tax in Australia.
Hi @JDijwer,
Generally speaking, if you're transferring money to a personal bank account, it isn't considered income for Australian tax purposes.
If the money has been earned overseas while a non-tax resident of Australia, then the Australian tax rules won't apply. However, any interest you earn on the money while it's held in the Australian bank account would be subject to tax in Australia.
15 Apr 2026 · 4 min read time
16 July 2025 · 5 min read time
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