Why does a Cross-Border Movement - Bearer Negotiable Instrument (CBM-BNI) form need to be completed?

A Cross-Border Movement - Physical Currency (CBM-PC) form must always be completed when a person is carrying $10,000 or more in physical currency, into or out of Australia. If a person is also carrying a BNI, then a CBM-BNI form needs to be completed if requested by a Customs or police officer, in addition to the CBM-PC form. A single form cannot be used to report both physical currency and BNIs.

Click here for more information about reporting physical currency. More.

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