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

April 26, 2017BEARER cross-border form instrument movement negotiable

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

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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.