Your alternative is to wait for the money to be transferred to ASIC! Could take a few years.

All unclaimed money's are required to be sent to ASIC after a certain period of time. To find your money( closed bank accounts etc) you can search here: https://moneysmart.gov.au

But bear in mind that to claim any money you will need to provide bank details and proof of identity - which you don't want to do!

Also any company operating in Australia is required by law to notify regulators and affected customers if there is a data breach so remedial action can be taken.

I can understand the concern as many businesses are not clear about how long they keep ID documents on file and in most cases once ID has been verified there is no need to keep it.

Every time you list an item for sale you need to agree that you have read and understood the Ts&C's of selling. We get a lot of people coming to the boards after they have sold needing help with verification. I personally think eBay should not allow anyone to list until after they have verified both ID and bank. It would save a lot of people a lot of drama. But then we would be inundated with people complaining "eBay won't let me sell".

OP, you’ve been an eBay member since at least 2012. Since then, eBay emailed (and sent messages to) every eBay member on numerous occasions, informing all members - buyers and sellers - of the change in how payments would be given out, and the ID requirements. I’m a buyer; I received every communication about these changes.

eBay also has a specific Help page covering this: https://www.ebay.com.au/help/selling/getting-paid/registering-seller?id=4792

It hadn’t been hidden away… although I would like to see it made impossible for someone to list an item for sale unless they were account- and ID-verified. 

eBay must verify anyone selling on eBay in this way. It’s now a legal requirement in Australia. If you were trying to sell on Amazon or Etsy or what-have-you, the same requirements are in place.

Is it a risk? Yes; there is always a risk of personal identity details being stolen. Companies holding that information have a duty to protect it, and they (obviously) take significant precautions to do just that. It’s damning and frightening that bodies which should have been fortresses have had customer data stolen - including government departments.

As individuals living in a time when personal data is stored on servers that only need a small vulnerability (usually software issue) or an authorised person who is tricked by a sophisticated infiltration (human error), we’re all potentially open to the problem of stolen personal information. Much of it is out of our hands — ATO, Medicare, MyHealth, our banks, councils, Centrelink, Registry of Births, Deaths, and Marriages — and some of it is pretty much unavoidable if we want to function in the modern world (library membership, employee information held by employer, university or school information, insurance information, drivers licence, telcos, and the list goes on and on and on).

I can really only avoid providing my information where I am not confident in the security of that information and the validity of its being required / trustworthiness of source. Don’t hand it over in situations where the likelihood is that it’s a scam. If my information is compromised in any other way (such a telco breach or ATO being hacked or some such thing), at least the remedies are undertaken and borne by the body concerned, and we saw an improvement in D/Ls as a direct result of one such breach.

Ultimately it’s your choice about whether you feel the risk of providing ID to eBay is too great to warrant selling on its platform. If you’re only a very sporadic seller, I may even agree that it’s really not worth it, as the holds on funds to be disbursed will probably be constant because you’ll never rise out of the “new seller” category.

But in terms of your data being at risk, I do doubt that providing the required ID to eBay adds significantly to that.

You are a seller as well as a buyer, you've sold at least two items.

It's quite simple really, if you don't provide your bank A/C details and proof of identity you will not get paid for the latest item you've sold.

eBay is certainly not the only company to require proof of identity on their site, indeed it's a government requirement to do so.

Edit. G'day Sandy............snap.

You say you are a buyer not a seller, but then you say you re-sold an item

So you are a seller

And all sellers have to be signed up to Managed Payments (as you agreed to when you listed)

Managed Payments has been the only option for seller for well over 4 years now

This needs to be done before you sell

Not after the fact and say you don't want to do it