Threshold Transaction Report (TTR)

What triggers a threshold transaction report?

A TTR must be lodged with AUSTRAC whenever a reporting entity handles a physical cash transaction of AUD 10,000 or more, or the foreign currency equivalent. Unlike a suspicious matter report, no suspicion is needed. The trigger is purely the amount and the fact that it is cash. The report captures who was involved and the details of the transaction. For a business that takes large cash payments, such as a motor dealer or a bullion trader, a single qualifying sale creates the reporting obligation regardless of how ordinary it looks.

Why it matters for Australian finance teams

TTRs exist so AUSTRAC can see large cash movements that might otherwise sit outside the banking system. For finance teams the obligation is mechanical but unforgiving: miss the threshold, report late, or record the counterparty incorrectly, and you have a compliance breach. Accurate identification of the person or business behind the cash is central to getting the report right, and structuring payments to dodge the threshold is itself an offence.

How ezyshield helps

ezyshield is built for account-to-account payment verification, not cash handling, so it does not lodge TTRs or track cash thresholds. It is honest to say that reporting stays with your AML systems. Where ezyshield helps is identity: it verifies the person, the business through ABN and ASIC checks, and bank account ownership before money moves, and records each check in an append-only audit trail that is never edited or deleted, so the counterparties in your records are genuinely who they claim to be. See how it works and AUSTRAC compliance for payments 2026.