It appears that Pay-Pal has not cleared our account for receiving payments .
We have included our account details for direct deposits for our bank in Australia and we can use my pay-pal account for over seas members only.
OPAL ASSOCIATION INCORPORATED
WEST PAC BANK
LIGHTNING RIDGE
032 561 184 141
For over seas members only you can pay pal at [email protected]
IMPORTANT-please advise us of your payment so we can manually release your certificates online.
If a member wants us to print out there certificates please send a cq to
Opal Association
Po box 323
Mermaid Waters qld 4218
There appears to be a lot more government requirements in all banking with tax avoidance and money laundering/terrorist payments. The Australian govt set up Austrac
(AUSTRAC) is an Australian government financial intelligence agency set up to monitor financial transactions to identify money laundering, organised crime, tax evasion, welfare fraud and terrorism.[AUSTRAC was established in 1989 under the Financial Transaction Reports Act 1988] and continued in existence under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006
At present our industry does not have to report to this agency but if you are involved in bullion trading ect there reporting requirements are quite extensive. At present all cash withdraws over $10,000 are reported to this agency and I believe the rules have changed so if you take out sums below that figure they will add all recent transactions to gether.
We will hear a lot more about this agency as they do plan to extend it to the jewellery business in the future.
Copy of the certificate of membership that will be printed out online attached.