Canonical: https://unicorncurrencies.com/industries/beauty-cosmetics/australia/

# Intelligence: Beauty & Cosmetics Import in Australia

## Industry Context

- **Payment pressure:** Regulatory compliance (UK Cosmetics Regulation); Shelf life and expiry management

- **Operational control:** Fast KRW payments for K-beauty; 0.5% spread on EUR luxury brands

## Country Context

- **Use case:** Pay Australian suppliers for mining equipment, agriculture, education services, wine exports

- **Settlement:** T+0 (2.3s avg within Unicorn network)

- **Banking:** **BSB Code** (6-digit BSB (Bank-State-Branch))

- **Regulatory:** APRA (Australian Prudential Regulation Authority) oversight; GST (10%) applicable to most goods/services

## Key Industries in Country

- Mining

- Agriculture

- Education

- Wine & Food

- Tourism