Transferring money from abroad to Australia itself does not incur tax liability. However, the tax implications depend on the nature of the funds being transferred and any income or gains associated with those funds:

1. Personal Funds

If you transfer your own personal savings or funds from overseas to Australia, this transfer itself does not trigger a tax liability. The funds are considered your personal property.

2. Income and Gains

If the funds you are transferring include income or gains (such as interest, dividends, capital gains) earned overseas, you may have tax obligations in Australia depending on your residency status and the source of the income.

3. Foreign Exchange Gains

Foreign exchange gains (or losses) realized from the transfer itself are generally not taxable unless you are in the business of trading currencies.

4. Tax Reporting

While the transfer itself is not taxable, it's important to accurately report any income or gains derived from overseas funds on your Australian tax return. This ensures compliance with Australian tax laws, including declaring worldwide income if you are an Australian resident for tax purposes.

If you are unsure about the tax implications of transferring specific funds from abroad to Australia, it's advisable to seek advice from a registered tax agent or consult with the Australian Taxation Office (ATO) to ensure you comply with Australian tax laws and regulations.