Will the recipient in Australia need identification to receive money from Japan?
Yes. If you're sending money from Japan to Australia for cash pickup, the recipient in Australia must show a valid ID and sometimes the transaction number. This helps ensure that money sent from Japan is securely delivered in Australia.
What are the advantages and disadvantages of using a SWIFT bank transfer?
Advantages: Large amounts can be transferred securely.
Disadvantages: Longer processing time (several days), high fees from both sending and receiving banks.
Can I cancel a money transfer from Japan to Australia after it's sent?
Yes, in most cases, you can cancel a money transfer from Japan to Australia if the funds haven't yet been received in Australia. To do so, contact the provider's support team in Japan or use their app/website. Keep in mind that some services may charge a cancellation fee for transfers between Japan and Australia.
How to calculate taxes on foreign payments?
If for some reason the bank's rate on that day was higher than the Central Bank's rate (the rarest
case), the "service" received is also taxed. It is easier to follow this point than to deal with
additional calculations.
