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Found money in house


I have seen some stupid suggestions on ASF, but this has to be one of the stupidest. This is illegal and is known as smurfing. And you can go to gaol.

Whilst depositing the whole amount in one go is not illegal.

http://www.austrac.gov.au/elearning/pdf/intro_amlctf_placement_techniques.pdf
 
If it were me, I'd be running it by the solicitor who is handling the estate.
Presumably it simply constitutes part of the estate.
Not worth trying to 'hide' having it in any way, and no reason to do so.
Simple is usually best.
 
Thanks everyone for your input.
They deceided to open a seperate bank account in the my partners name.
She locked it away for 4 months at 4.4%.
Thanks again everyone.
 
Thanks everyone for your input.
They deceided to open a seperate bank account in the my partners name.
She locked it away for 4 months at 4.4%.
Thanks again everyone.

So there weren't any legal or tax implications from this?
 
Well, i've got a different perspective. The father saved this money from AUSTRALIAN social security benefits. It is amazing that somebody on a PENSION can save this amount of money. What were they doing on a pension in the first place?

The mother obviously wants to keep duping the system... Good on her! She should just be honest and own up.
 
Well, i've got a different perspective. The father saved this money from AUSTRALIAN social security benefits. It is amazing that somebody on a PENSION can save this amount of money. What were they doing on a pension in the first place?
I don't know how much the aged pension has changed in real terms since the 70's and 80's but growing up I can recall grandparents who were able to save money on the pension.

They just lived a frugal and simple existence.
 
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