Best way of taking money to Australia

[supraboy]

I'm soon to arrive in Perth on a 1 year WHV with my partner and could do with some advice on what method is best of getting your money there.

My sister who did this 4 years ago, said she just took it in cash, in a bum bag.... we don't want to do that!

What is the best method of doing this? I cant transfer into our oz bank account because apparently we need to set that up when we arrive, and i'm not sure about transferring it all into my sisters account who lives there because of any transfer fees and also will there rate be any good?

This is going to be a 5 figure sum, so rate is pretty important!

Thanks

Chris

[supraboy]

Thanks for all your replies guys.

Currently thinking the best way of doing this is to use a 3rd party like MoneyCorp or Halo and get it transferred from our UK accounts into my sisters AUS account. Then once we arrive, we can get money out of her account, keep a tab, whilst we set up a bank account, then get it all transferred over. That seems to be the simplest and risk free method.

It seems like these 3rd parties can offer a better rate then the banks, is that the general thinking of everybody else?

Thank You.

Chris