Can my parents give me $100 000 in Australia?｜.There is no limit on how much money you can give or receive as a gift in Australia

Could you please clarify for me? Is it truly permissible in Australia for my parents to provide me with a sum of $100,000 as a gift? I've heard conflicting information, and I'm just trying to ensure that there are indeed no legal constraints or limitations on the amount of money that can be gifted in this country. Would there be any tax implications or reporting requirements associated with such a transaction? I'd greatly appreciate your insights on this matter.