Your aunty has gifted you $$12,500$ to spend on an overseas touring trip to Europe. Having researched exchange rates you have decided that you will get the best rate if you convert your $$12,500$ of savings into Euros before you leave. What is the appropriate action when you pass through customs on exiting Australia?

Group of answer choices

You should declare the cash in your possession to the Customs Officer, who should submit a Cross$-$Border Movement Report on your behalf.

You should submit a CBMR directly to AUSTRAC before travel and show proof of submission to the Customs Officer.

You should declare the cash in your possession to the Customs Officer and submit a Cross$-$Border Movement Report.

Do nothing. However, if the border control dogs detect the cash you should be open and honest about the cash in your possession.