How does Australian pr get money abroad?

After obtaining PR (Australian Permanent Residence), you can transfer the required funds through the bank.

The transfer of funds abroad should be carried out through normal and reliable channels. Under the current policy of China, remittance through several major domestic banks is the safest. It not only conforms to the national foreign exchange management system, but also ensures the flow of funds to the maximum extent.

Resettlement in a new country will inevitably lead to a large capital injection. Although China has strict foreign exchange control, immigrants are allowed to exchange and transfer foreign exchange, and immigrants do not have to worry about not being approved:

First determine the city where you live in Australia, such as Sydney, and then open an account in a bank with a branch in Sydney. At present, many Australian banks have branches in China. You can open a personal account in their offices with PR approval materials. With this account, you can easily exchange Australian dollars from the domestic bank where RMB is deposited and wire it directly to this new account. It usually takes only three working days to get the account.

The national exchange limit is: each person can exchange foreign currency equivalent to $50,000 per year. If you have specific needs, such as immigration and studying abroad, you can also apply for additional permits.

Through the bank, it is not only in accordance with the provisions of the state to avoid the suspicion of cross-border money laundering and other crimes, but also to ensure the safety of the capital transfer process. Because deposit interest is also taxable, through bank control, it also helps depositors who don't know enough about the financial system and tax system of the two countries to prevent the problem of inadvertently forgetting to pay taxes and breaking the law.

In this process, you must avoid carrying a lot of cash. On the one hand, carrying a large amount of cash across the border will bring unnecessary danger to yourself, on the other hand, it will also bring certain impact to the financial order of China and Australia. Therefore, whether you leave China or enter Australia, you need to declare the amount of cash you carry. Those exceeding the prescribed amount will be banned or even punished. Just carrying the necessary amount of cash, combined with the use of credit cards and the above bank accounts, can make the flow of funds safer and more convenient to use.