Dellboy

Whilst unfair those are the rules I'm afraid. BUT there is something called a 'Limited Balance Election' that can help you in such situations. I'm no expert, but my understanding is that for small FX denominated accounts (up to a total of $250k I think), you can 'elect' (in writing) to disregard currency gains/losses on these accounts. If you search on the ATO website you can find further details.

I used Torfx to transfer some of my money on several occasions but didn't think their rates were that good. So I got a second account with The FX Firm and then when I wanted to transfer money I asked both firms to quote at exactly the same time. The FX Firm won both times I did it, so I don't use TorFx anymore. I don't have any experience of Money Corp.