Monthly Archives: October 2019

Businesses $ 10,000 Cash Limit Bill Moves Forward

The Currency (Restrictions on the Use of Cash) Bill 2019 was passed by the lower house last week and has since been referred to the Senate Committee on Economic Legislation for further investigation. The proposed measure will make it a criminal offense for companies to make or accept a cash payment of $ 10,000 or […]

Government seeks to relax $ 10,000 cash limit amid backbench concerns

The Morrison government has sought to avoid internal and interbank anger over plans to ban cash payments of $ 10,000 or more, outlining a series of exclusions that it says will protect those who still wish to use banknotes and coins. cents. The rules governing the new laws regarding large cash payments make it clear […]