--- title: "TTRs: Cash Over $10,000 Explained | HeadStart Docs™" description: "Threshold Transaction Reports explained: report cash over $10,000 to AUSTRAC within 10 business days. Section 43 requirements and what counts as cash." lang: en-AU json-ld: | [ { "@context": "https://schema.org", "@type": "Organization", "name": "HeadStart Docs", "legalName": "HeadStart Docs Pty Ltd", "url": "https://www.headstartdocs.com.au", "logo": { "@type": "ImageObject", "url": "https://www.headstartdocs.com.au/logo-512.png?v=4", "width": 512, "height": 512 }, "description": "AML/CTF compliance digital products and programs for Australian businesses under Tranche 2 regulations. Free program documents and AML Portal. 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HeadStart Docs products are digital publications that give you a substantial head start, but they must be reviewed and tailored by a qualified solicitor to your specific business circumstances before implementation." } }, { "@type": "Question", "name": "How is HeadStart Docs different from the free AUSTRAC Starter Kits?", "acceptedAnswer": { "@type": "Answer", "text": "AUSTRAC Starter Kits are generic starting points that require significant customisation. HeadStart products are sector-specific, pre-populated with industry-relevant risk factors and scenarios, and include 12 months of AML Portal access for ongoing compliance including screening, record keeping and reporting tools." } }, { "@type": "Question", "name": "What if the AML/CTF rules change after I purchase?", "acceptedAnswer": { "@type": "Answer", "text": "Your digital products are yours to keep. If significant regulatory changes occur, updated versions will be available to active portal subscribers. 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All reporting entities in designated sectors including lawyers, accountants, real estate agents, conveyancers, and trust and company service providers must have their AML/CTF programs in place by this date." } } ] }, { "@context": "https://schema.org", "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://www.headstartdocs.com.au/" }, { "@type": "ListItem", "position": 2, "name": "Free Resources", "item": "https://www.headstartdocs.com.au/tranche-2-resources" }, { "@type": "ListItem", "position": 3, "name": "Threshold Transaction Reports", "item": "https://www.headstartdocs.com.au/tranche-2-resources/threshold-transaction-reports" } ] }, { "@context": "https://schema.org", "@type": "Article", "headline": "Cash Over $10,000: The Threshold Transaction Report (TTR) Obligation", "description": "Section 43 requires you to report cash transactions of $10,000 or more. Learn what counts as cash, the 10-business-day deadline and how to file a TTR with AUSTRAC.", "datePublished": "2025-12-20", "dateModified": "2025-02-04", "url": "https://www.headstartdocs.com.au/tranche-2-resources/threshold-transaction-reports", "image": "https://www.headstartdocs.com.au/logo-512.png", "inLanguage": "en-AU", "isPartOf": { "@type": "WebSite", "name": "HeadStart Docs", "url": "https://www.headstartdocs.com.au" }, "about": { "@type": "Thing", "name": "AML/CTF Compliance", "description": "Anti-Money Laundering and Counter-Terrorism Financing compliance for Australian businesses under Tranche 2" }, "author": { "@type": "Organization", "name": "HeadStart Docs" }, "publisher": { "@type": "Organization", "name": "HeadStart Docs", "logo": { "@type": "ImageObject", "url": "https://www.headstartdocs.com.au/logo-512.png" } } } ] --- [Get Started ](/checkout) We use cookies to enhance your experience and analyse traffic. [Privacy Policy](/privacy) Essential OnlyAccept All [Skip to main content](#main-content) [ ![HeadStart Docs](/assets/logo-dark-bg-CUivuKJ8.png)![HeadStart Docs](/assets/logo-light-bg-D5BRMGqf.png) ](/) [Home ](/) Features [Programs ](/programs) Resources Sectors [Log in ](/auth) [Portal](/aml-landing) ![Cash threshold transaction reporting](/assets/precious-metals-2-hS94ITk-.jpg) [Back to Free Resources](/tranche-2-resources) Updated February 2025 • Cash Reporting # Cash Over $10,000: The Threshold Transaction Report (TTR) Obligation If you receive $10,000 or more in physical currency, you must file a Threshold Transaction Report (TTR) with AUSTRAC. This is a strict liability obligation - no suspicion required. ## What is a TTR? A Threshold Transaction Report (TTR) is a mandatory report filed under **Section 43** of the AML/CTF Act whenever you receive or disburse $10,000 or more in physical currency (cash). ### Key point: "Cash" means physical currency TTR obligations apply to physical currency (notes and coins) only. Electronic transfers, cheques and card payments do not trigger TTR requirements - even if they exceed $10,000. ## When does the obligation apply? #### TTR Required - $10,000+ in Australian dollars (cash) - Foreign currency equivalent to $10,000+ AUD - Multiple cash payments that total $10,000+ and are reasonably connected #### TTR Not Required - Electronic bank transfers (any amount) - Cheque payments (any amount) - Credit/debit card payments - BPAY or direct debit ## The 10-business-day deadline You must file a TTR within **10 business days** of the transaction occurring. Unlike [SMRs](/tranche-2-resources/how-to-file-smr), there is no discretion here - it is an automatic reporting requirement. ### Counting the deadline The 10-day period is counted in business days (excluding weekends and public holidays). If you receive $15,000 cash on a Friday, day one is the following Monday. ## What to include in a TTR - **Transaction details:** Date, amount, currency - **Client identification:** Name, address, date of birth, ID document details - **Transaction type:** Whether received or disbursed - **Purpose:** Brief description of the transaction purpose - **Your business details:** Your reporting entity information ## Structuring: The $10,000 workaround (illegal) Some clients may attempt to avoid TTR reporting by splitting cash payments into amounts below $10,000. This is called "structuring" and is a criminal offence under **Division 5, Part 12** of the AML/CTF Act. ### If you suspect structuring - a [red flag](/tranche-2-resources/trust-account-red-flags) If a client appears to be structuring transactions to avoid the $10,000 threshold, you should file an SMR (Suspicious Matter Report) in addition to any TTR obligations. Structuring is a red flag for money laundering. ## Practical sectors affected TTR obligations are most relevant for: - **Jewellers and precious metal dealers:** Often deal in high-value cash transactions - **Real estate agents:** May receive cash deposits - **Lawyers and conveyancers:** Trust account cash deposits - **Accountants:** Cash payments for services or on behalf of clients ### Key Takeaway Threshold Transaction Reports are mandatory for cash transactions of $10,000 or more - no suspicion required. File within 10 business days via AUSTRAC Online. If you suspect structuring, also file an SMR. Remember to keep all records for [7 years](/tranche-2-resources/record-keeping-requirements). [View AML/CTF Digital Products](/programs) [ Read our complete Tranche 2 Guide Key dates, affected sectors, obligations and how to prepare ](/tranche-2) **Disclaimer:** This article is general information only. It is not legal, financial or compliance advice. HeadStart Docs™ provides free compliance documents, not legal services. We do not guarantee the accuracy of information provided. Obligations may apply depending on your designated services. Always confirm your specific requirements with a qualified adviser. Need a lawyer to review your AML/CTF program? [HeadStart Counsel](https://headstartcounsel.com.au/get-started) offers fixed-fee tailoring from $1,800+GST. Separate entity and engagement. ### Related Articles [ Reporting How to File Your First SMR ](/tranche-2-resources/how-to-file-smr)[ Reporting SMR Reporting Timeframes ](/tranche-2-resources/smr-reporting-timeframes)[ Red Flags Trust Account Red Flags ](/tranche-2-resources/trust-account-red-flags)[ Compliance Record Keeping Requirements ](/tranche-2-resources/record-keeping-requirements) ### Free Compliance Tools [Implementation Timeline Key dates and milestones for Tranche 2 compliance ](/timeline)[Readiness Test Assess your compliance readiness in 2 minutes ](/risk-calculator)[Sanctions Screening Search Australian sanctions lists and country risk ](/sanctions-search) ### Ready to get compliant? Sector-specific compliance documents to help you build your AML/CTF program. 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