Hi all,Wondering what the max allowable amount of cash allowed to carry out of Indo through the airport? Is it an amount in Rp or US$ or can it be any currency based on a Rp amount? Does it have to be declared?Also, the max allowable into Oz? I've heard its 10K. Does that mean both me and my partner can walk into Oz with $9999 each in our wallets, declare it, and not have a hassle?Im basically wanting to my partner and I to carry $10K each into Oz from Bali. Dont want to leave it down to the men in the little brown uniforms to explain to me.Ive read it a thousand time on my declaration forms but cant remember now.Ta
This from Australian Customs and Border Protection Service:[B]Currency[/B] There is no limit to the amount of currency you can bring in or out of Australia. However, you must declare amounts of A$10,000 or more in Australian currency or foreign equivalent. You must disclose any promissory notes, travellers' cheques, personal cheques, money orders, postal orders or other bearer negotiable instruments, regardless of value, if requested by a Customs and Border Protection officer or police officer.[/QUOTE][url=http://www.customs.gov.au/site/page4351.asp]arriving travellers[/url]For cash in or out of Indonesia, you must declare to customs if you're carrying more than Rp100 million or foreign currency equivalent to Rp100 million or a combination of both.See here from Bank Indonesia on Page 3: [URL]http://www.bi.go.id/biweb/utama/peraturan/PBI-4-8_2002_Eng.pdf[/URL]
Thanks Matseleh.....Wondering if anyones actually ever done this though, taken a bag of 100,000,000 through the airport.(or any other currency)????They'd most def pick it up on their Xrays, (unless you kept it on your person), and i'm sure they'd take a very enthusiastic (salivating) interest in this, perhaps even attempting to rephrase the law in their own way......maybe i'll print that attachment and take it with me to be on the safe(er) side.Also, that document only ever refers to Indonesian RP....there is no provision for any other currency that i can see....I was thinking of converting it to Oz $$ here before returning to Oz.....but then printing that letter and taking it with me wouldnt help as Oz $$ not covered in there. Unless im missing something.Thanks for pointing me in the right direction.Hinakos
Also see here: [URL]http://www.deloitte.com/assets/Dcom-Global/Local%20Assets/Documents/Tax/Taxation%20and%20Investment%20Guides/2012/dttl_tax_highlight_2012_Indonesia.pdf[/URL][B]Foreign Exchange Control[/B] - The rupiah is freely convertible. However, approval of Bank Indonesia (central bank) must be obtained before taking IDR 100 million (or its equivalent in foreign currency) or more out of the country.[/QUOTE]
Also as shown on IATA website for Indonesia: [URL="http://www.iatatravelcentre.com/ID-Indonesia-customs-currency-airport-tax-regulations-details.htm#currency"]IATA - Indonesia Customs, Currency & Airport Tax regulations details[/URL][B]Currency Import regulations:[/B]Same regulations as per Export apply. [B]Currency Export regulations:[/B][B]Local currency[/B] (Indonesian Rupiah-IDR): for amounts up to IDR 100,000,000.- a form of the Central Bank should be filled out.Amounts exceeding IDR 100,000,000.- require an approval from the Central Bank or External Affairs. Approval can be obtained from the headquarters of the Central Bank in Jakarta, local branches or Indonesian representatives abroad. Violation will result in heavy fines. [B]Foreign currencies:[/B] amounts exceeding the equivalent of IDR 100,000,000.- (approx. USD 11,000.-) must be declared.[/QUOTE]
I know that I would be very nervous, at least from this end. I am sure no big problem on the Australian end as long as you declare it if you are over the limit. I would imagine that 100 million rupiah in 100,000 rupiah notes would probably fill a small backpack.
Unless you love the James Bond approach why don't you simply open a bank account here and transfer the funds to your account in Oz? - much simpler but not so much adrenalin I'm afraid.[/QUOTE]already transferring the max amount monthly back to oz.cant do any more or the red flags will come up.already have CBA accounts in oz that are accepting the max amount every month (10) before they start sending sneaky little messages to the tax dept.ive got to go to oz 4 times over the next 4 moths, i figure its a good opportunity to get a bit extra back (if above board)
FYI, international transfers get "flagged" at 5000USD
International $$ landing into Oz get flagged with the Australian taxation department @ 10K. This is a fact. Comes from both of my Oz bank managers, and my accountant.To which flag are you referring @ 5K Gil?The anti-money laundering checks that the Indo govt is now putting in place?? This is only problem if your money is in fact dirty money (if thats what you are referring to).I assume it is....as for the last 10 months now, every time i walk into the bank after a transfer comes in (In Bali), someone is waiting for me with a document to sign. When I ask them what its all about, this is what they tell me.I'm not at all concerned about this, I can verify the source of my $$. I'm concerned about the other end- the Oz end - and the journey there.
I'm told that it's possible to "only" tranfer $100k a month out of Indo?When transfering in $50k got a call from my local bank asking why - when told it was for building they were quite happy and left me in further peace. No proof required or asked for.
After selling a property in Jakarta, my wife will be attempting the same as you Hinakos. Its the oz tax dept we are concerned about. She will travel to oz ex Jkt, so hope there will be a bit more sanity there! $10k is the limit per trip, so uts going to be a few trips to bring it all here. Oh well, week ends in Bali sound nice..
Hi GoldminerIm not concerned about the oz tax dept at all (once i get the $$ in!) The biggest danger to me is customs/immigration in Bali. They see a fat wad of 100 mill and know you got a plane to catch...they're likely to stall you until the clock starts tickin down and you share a little bit simply to catch your plane. Or pull some wierd legislation act out and say you gotta part with 10%.That document Matsaleh posted is getting printed and travelling with the as as a safegaurd...but im sure they'll still try it on. So you will be walking $9999 through customs / immigration like me? Have you actually sucessfully done this yet?I gotta do mine in roughly 4 weeks time.....i'm hoping you'll do yours first and be the guinea pig, then share your success/fail story.Your mule run is before or after 4 weeks time?Actually i'm doing what you are too....getting my missus to mule it. :)I'll be sitting in Harrys bar in Singapore airport having a cold one waiting for her to come through the gates!It seems no -one else has sucessfully done this before on the pod.........?
It seems kinda daft to advertise the fact don't it? I mean how hard is it to find out who you guys really are? $10,000 is pretty good motivation I'd say. Maybe, just ask the owner of the forum I guess? When I say "ask" I don't mean - "Hey, what's up dude". Probably not too tough to hack either - $10,000 enough motivation? Sure as shite.If I was the owner of the forum I wouldn't be too happy about being put in that position either... hmmm. Your money disapears who's the second person gets asked? (first, being you in the bar)You guys could just give me the money instead and I'll bring it to you - you just wait in the bar in Singapore and I'll be along shortly.
Hinakos, i too will be waiting as the missus is the mule, will happen before the 4 weeks you mention. Will pm you as to how it went.Markit- dont see how anyone can find out who the mule is...and when...and what has this got to do with the forum or the owner of such.
""It seems kinda daft to advertise the fact don't it? I mean how hard is it to find out who you guys really are? $10,000 is pretty good motivation I'd say. Maybe, just ask the owner of the forum I guess? When I say "ask" I don't mean - "Hey, what's up dude". Probably not too tough to hack either - $10,000 enough motivation? Sure as shite.If I was the owner of the forum I wouldn't be too happy about being put in that position either... hmmm. Your money disapears who's the second person gets asked? (first, being you in the bar)You guys could just give me the money instead and I'll bring it to you - you just wait in the bar in Singapore and I'll be along shortly.[/QUOTE]If it wasn't for this somewhat ridiculous sidewards stumble into the thread: ""Unless you love the James Bond approach why don't you simply open a bank account here and transfer the funds to your account in Oz? - much simpler but not so much adrenalin I'm afraid."".[/QUOTE] it may not have had to advance into such detail......Thieves? bring em on, i caught one here once (credit card scam) and relish the opportunity to once again have some prosecutuon free play time.And yes, as a kid i pulled the legs of my sisters Barbie Dolls and swapped them out with cane toad legs (both the Barbie's and the cane toads - waste nothing)One could more easily put 2 and 2 together, work out has has a new villa in (semi isolated) East Bali and do a home invasion now couldnt they.... No dates to worry about,...... a sitting target so to speak..., Look forward to hearing how it goes Goldminer, best of luck!
As we have all seen in a recent posting about a scam with only $500 as the motivation I just wonder how much effort scammers and worse would use to find out who your wives are for the reward of $10000?Please also enlighten me how trying to offer an alternative to getting your wives to smuggle money was a "[I]ridiculous sidewards stumble into the thread:[/I]". And why did this then cause you to expose yourselves and your plans in detail. I must have godly powers of persuasion. I'm not trying to win any contests or make you out to be less than blindingly brilliant in all you do but sometimes we can help each other - that's what I thought this forum was all about. Maybe I'm wrong?
Goldminer - the management has our real names and contact details on record as far as I remember - hackable, I'm sure. It is a matter of 1 or 2 phone calls to find out the flight and passenger details of any flights going to those willing to pay. If I'm the bad guy - I know your name. I know your wife's name. I know where she's going and when. You can put the rest together I'm sure. I don't mean to be a smartass here, usually, yeah, but not right now. Unless you are tired of the wife maybe a change of plans?
If you know your way around this forum and you have lived for a while in Bali it is not that difficult to find the real identity behind some of the members here.
I actually think that Bert Vierstra, owner of the forum a couple of years ago, has exposed a member of this forum which I found to be pretty amazing for him to do really.