The impact of Immigration

[facthunter]

 it would be different if he was seizing deposited money. Nev

[onetrack]

13 hours ago, old man emu said:

But how does a seller deposit hundreds of thousands of dollars in cash into a bank account. Here in NSW deposits of $10,000+ in cash must be documented. I remember having to do so when I was a cop and was depositing seized drug money at my local bank into the holding account that the police had.

As I said, there's currently no requirement for real estate agents, solicitors or conveyancers in the real estate business to meet the reporting requirements under AUSTRAC money laundering laws.

 

However, typical of Govts shutting the stable door after the horse has bolted - all of the above people will be obliged to fall into line with everyone else under the cash money reporting requirements, starting 1st July 2026.

 

QUOTE:

 

"Tranche 2 reporting entities are businesses in "gatekeeper" professions - specifically real estate professionals, lawyers, accountants, conveyancers, and trust/company service providers - that will be required to comply with Australia's Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Act. These new obligations take effect from 1 July 2026, requiring them to register, conduct due diligence, and report suspicious activities to AUSTRAC."

[randomx]

On 28/04/2026 at 10:18 AM, Marty_d said:

No. It doesn't. There are a heap of factors that go into house prices including supply, number of tradies, planning rules, land zoning, capital gains discounts, short term holiday houses (Airbnb), etc.

Again - looking for a simple solution to a complex problem.

 

Contradicting it all right there mate.

That's all why we don't need another 21/2 mill in migration.

What do you THINK, that's done to all those other troubles.

But anywayyyy, whatever.

As l said somewhere, just look at the massive improvement in Canada's situation, go on go study that and others too, since they cut immigration.

And as l said before to, then just look at troubles countries all over the world are having, us included , bc of mass immigration.

You don't have to argue away here does nothing mate- zilch, that's why l don't waste my time on it.

Go look at the facts, it's "very" simple stuff man.

 

 

 

 

Edited 7 hours ago by randomx

[facthunter]

I suggest our rate of immigration is about right. The reserve Bank wants more unemployment than we Have. We might even want more  workers..  Nev

[randomx]

Yeah think she's about as bright as Albo n sidekick that one. Fancy putting rates up right now and they reckon 2mre to come.

We have the second highest debt to wage in the world, 2nd highest housing and montages,l think 2nd in costs of living too, now fuel and through to everything else from that plus more rate rises. 

Think a lot of people round here have had their houses 30-40yrs, have no teen kids, early 20s, and nothing to worry about.