How much money can I transfer to my daughter in Australia?｜Can people transfer large amounts of money to family in Australia? You can. Any amount of must be reported to AUSTRAC.$10,000 AUD (or equivalent) and more

Hello there, could you possibly elaborate on the matter of transferring funds to Australia? I'm curious to know, how much money am I allowed to send to my daughter residing in Australia? Also, I've heard rumors about being able to transfer significant sums of money to family members in Australia. Is this indeed the case? If so, are there any specific regulations or thresholds that I should be aware of? I've read somewhere that any amount exceeding $10,000 AUD or its equivalent needs to be reported to AUSTRAC. Could you please clarify this matter for me? Thank you in advance for your assistance.