Do I need reporting when using PayID and POLi
Do I need reporting when using PayID and POLi
Current on: 11 August 2025
Short conclusion
Transactions via PayID and POLi are recorded by banks and can be transferred to AUSTRAC if certain conditions are met. For gambling enthusiasts, separate tax reporting is not required if winnings are not taxed. However, for professional players and with large transfers, there is an obligation to declare income.
1. What is PayID and POLi
PayID is a system of instant transfers between Australian banks by phone number, email or ABN.
POLi is a payment service that allows you to pay online directly from a bank account without a card.
Both methods are widely used by Australian casinos and bookmakers.
2. Tracking transactions
Banks record all transactions and transmit data to AUSTRAC when:
3. Tax implications
Amateurs: gambling winnings are not taxed - separate reporting is not required.
Professionals: required to declare all income, including receipts through PayID and POLi.
All income from gambling abroad is also subject to declaration if the player is a tax resident.
4. Examples of situations
The amateur replenishes the casino account through POLi and wins - tax reporting is not needed, but the bank records the transfer.
The professional bettor receives monthly payments through PayID - he is obliged to indicate them as income.
The player outputs 15,000 AUD via PayID at a time - AUSTRAC automatically receives a notification.
5. Practical recommendations
Keep confirmation of transfers (screenshots, bank statements, data on transactions in the casino).
With regular payments - keep records and prepare reports in ATO.
Avoiding splitting large sums to bypass the AUSTRAC threshold is considered a violation.
Verify that the casino is using licensed payment gateways.
6. Important nuances
PayID and POLi do not provide the player with anonymity - operations are completely transparent to banks and AUSTRAC.
In the case of a tax audit, the data on transfers will be used to analyze the source of income.
If the casino is registered offshore, the tax consequences depend on the status of the player (amateur/professional) and on the jurisdiction of payments.
Conclusion
The use of PayID and POLi does not require separate tax reports for amateurs, but all transactions are fully visible to banks and AUSTRAC. Professional players are required to declare income earned through these systems, and large transfers are automatically subject to financial monitoring.
Current on: 11 August 2025
Short conclusion
Transactions via PayID and POLi are recorded by banks and can be transferred to AUSTRAC if certain conditions are met. For gambling enthusiasts, separate tax reporting is not required if winnings are not taxed. However, for professional players and with large transfers, there is an obligation to declare income.
1. What is PayID and POLi
PayID is a system of instant transfers between Australian banks by phone number, email or ABN.
POLi is a payment service that allows you to pay online directly from a bank account without a card.
Both methods are widely used by Australian casinos and bookmakers.
2. Tracking transactions
Banks record all transactions and transmit data to AUSTRAC when:
- Transfers from 10,000 AUD and above.
- Suspected money laundering or terrorist financing.
- Even small regular transfers can generate interest if they form an "unusual" financial profile of the client.
3. Tax implications
Amateurs: gambling winnings are not taxed - separate reporting is not required.
Professionals: required to declare all income, including receipts through PayID and POLi.
All income from gambling abroad is also subject to declaration if the player is a tax resident.
4. Examples of situations
The amateur replenishes the casino account through POLi and wins - tax reporting is not needed, but the bank records the transfer.
The professional bettor receives monthly payments through PayID - he is obliged to indicate them as income.
The player outputs 15,000 AUD via PayID at a time - AUSTRAC automatically receives a notification.
5. Practical recommendations
Keep confirmation of transfers (screenshots, bank statements, data on transactions in the casino).
With regular payments - keep records and prepare reports in ATO.
Avoiding splitting large sums to bypass the AUSTRAC threshold is considered a violation.
Verify that the casino is using licensed payment gateways.
6. Important nuances
PayID and POLi do not provide the player with anonymity - operations are completely transparent to banks and AUSTRAC.
In the case of a tax audit, the data on transfers will be used to analyze the source of income.
If the casino is registered offshore, the tax consequences depend on the status of the player (amateur/professional) and on the jurisdiction of payments.
Conclusion
The use of PayID and POLi does not require separate tax reports for amateurs, but all transactions are fully visible to banks and AUSTRAC. Professional players are required to declare income earned through these systems, and large transfers are automatically subject to financial monitoring.
