Search results

  1. Greg350

    Retiring But Not Relaxing: Australia’s Age Pension Maze

    You're online now, it's so simple, surely if you can't do it someone can show you, help you. Or I guess you can just whinge and complain.
  2. Greg350

    Retiring But Not Relaxing: Australia’s Age Pension Maze

    Because Centrelink is not the ATO
  3. Greg350

    Retiring But Not Relaxing: Australia’s Age Pension Maze

    The younger folk have little in super, that does not help much with 1 million+ homes.
  4. Greg350

    Retiring But Not Relaxing: Australia’s Age Pension Maze

    Are you doing it online, so easy that way. You only have to answer questions related to your situation, complete it, screenshot a few documents and send it in. Mine took 7 weeks to process, well before it was due to commence.
  5. Greg350

    Major bank threatens account closure over unexplained home cash

    FFS, you are an idiot. What the hell are you on about. This is simple, the Bank asks you if you have cash on hand, if you tell them no, that's it. You cannot be this dumb, it is not the Bank wanting to know it's the cash reporting agency who in turn sends the information to the Federal Police...
  6. Greg350

    Major bank threatens account closure over unexplained home cash

    AGAIN, the Banks are mandated to do this, they have no choice.
  7. Greg350

    Major bank threatens account closure over unexplained home cash

    Where did it say the Bank knew, the article states, "Did he keep cash at home, and if so, why?" That's a question not an assumption. Maybe you should learn to read properly.
  8. Greg350

    Major bank threatens account closure over unexplained home cash

    Have you never heard of Austrac? This has been around since 1989, and Australia was behind other countries. It's for CASH transactions of $10,000 or MORE, not less, lol. The Banks are mandated to report these transactions, if it's a once only transaction nothing will happen, if it's regular...
  9. Greg350

    Major bank threatens account closure over unexplained home cash

    What's that mean? You don't like the truth, rather have some strange conspiracy to be true. Bad luck, simple Austrac Reporting that has been happing for decades.
  10. Greg350

    Major bank threatens account closure over unexplained home cash

    Yes they do have systems in place, it's called Austrac Reporting and because of that reporting the Bank has followed up on what this person maybe up to.
  11. Greg350

    Major bank threatens account closure over unexplained home cash

    Every Bank in the country MUST abide by this, it's not a CBA thing and it's not an Australian thing, happens in most countries.
  12. Greg350

    Major bank threatens account closure over unexplained home cash

    Another paranoid fool. This has been happening since 1989 and happens around the world, so how has it controlled you so far?
  13. Greg350

    Major bank threatens account closure over unexplained home cash

    And the Macq bank do exactly the same thing as per government requirements. AND this happens around the world, so, so many naive people here.
  14. Greg350

    Major bank threatens account closure over unexplained home cash

    Only happens to criminals and has been happening for decades, this is nothing new.
  15. Greg350

    Major bank threatens account closure over unexplained home cash

    OMG - READ what they said and interpret it correctly, NOT what the nutcases think it means.
  16. Greg350

    Major bank threatens account closure over unexplained home cash

    This has been happening for decades and happens around the world, North America, Europe, Asia, Middle East, etc, etc. You are so naive, just because you haven't heard about it before you suddenly think Australia is a "nanny state", WRONG. Try North Korea and see what it's like. Yes we are a...
  17. Greg350

    Major bank threatens account closure over unexplained home cash

    This started in 1989, many counties do exactly the same thing.
  18. Greg350

    Major bank threatens account closure over unexplained home cash

    This customer of the bank has obviously had transactions that have been flagged, either frequent high dollar transactions or just a high dollar transaction. Every transaction of cash $10,000 and over is reported to Austrac, if there are suspicious transactions under $10,000 they can also be...
  19. Greg350

    Major bank threatens account closure over unexplained home cash

    So the teller, one of the most junior people in the Bank, made a mistake. The amount to report is $10,000 and over.
  20. Greg350

    Major bank threatens account closure over unexplained home cash

    Exactly, this is Austrac at work, doing what they have been doing since 1989.
  • We believe that retirement should be a time to relax and enjoy life, not worry about money. That's why we're here to help our members make the most of their retirement years. If you're over 60 and looking for ways to save money, connect with others, and have a laugh, we’d love to have you aboard.
  • Advertise with us

User Menu

Enjoyed Reading our Story?

  • Share this forum to your loved ones.
Change Weather Postcode×
Change Petrol Postcode×