Originally Posted by Aussie_Sequoia
One of the issues that I had not anticipated was when I went to sign up with a ForEx trader account (recommended to save tens of thousands to transfer large sums of money
internationally) they needed to see my passport. I was already in North America at the time and had I done this before I left Oz it would have made the whole process simpler.
Also the original bill of sale (on the back of the US Coastguard documentation
from the previous owner) didn't have a spot for stating the selling price
. As this is crucial to sorting out how much tax I owe when I get back to Australia
, I had to go back and ask the previous owners to sign an alternate bill of sale which I found on the internet
... again I could have sorted that out first.
Aussie_ Sequoia I can certainly second your comments re using OzForex to transfer the funds across. They are very efficient, did not charge a fee for the service
as they make their profit on the exchange rate which is always a much better rate than the banks anyhow. They served me well in my purchase and for transferring any money overseas at anytime.
Below are the OzForex requirements for the ID setup
''Now all we need to do is finalise the set-up of your account. This is very easy - simply follow the instructions below and we will get your account activated as soon as we possibly can. The legislation requires us to verify your ID and below you can see what that entails.
WHAT WE NEED
1. Photographic Identification Document in the form of either a current Driver's Licence or Passport.
2. Proof of Address Document.
For proof of your current residential address we can accept any of the below documents. Letters need to be on headed paper, issued within the last 3 months and addressed to yourself
Bank letter, bank statement or credit card statement
Utilities bill – not mobile phone
bill or insurance document
Letter from a government
body or agency
Current, complete, signed rental/tenancy agreement
NOTE: We cannot accept a PO Box address. With the exception of Bank Statements, electronic statements may be accepted, however the document must show the providers letterhead.
HOW YOU CAN PROVIDE IT (in order of preference)
1. Upload via Secure Encrypted Web Link a digital photo file or scanned version of the documents
2. Email a digital photo or scanned version of the documents to firstname.lastname@example.org
3. Fax copies of the documents to:
Dealing Room +61 2 8667 8080
London Dealing Room +44 20 7614 4180
Toronto Dealing Room +1 416 649 8580
**2 Complimentary Transfers**
To get you started and experience how good the service
really is we have added two free transfers to your account so you can try it out FEE FREE regardless of the amount you send.
Please let us know if there is anything else we can assist you with. ''
Good point on the Bill of Sale to be aware of.