Government legislation that would have outlawed cash payments for goods and services exceeding $10,000 AUD to or between businesses has just been set aside and referred to a committee that won’t report back until February 2020. Although this setback for the bill is a notable victory, it should be seen as part of a wider pattern amongst world governments to push for cash’s demise for the sake of their own interests.
- Unlimited access to spectator.com.au and app
- The weekly edition on the Spectator Australia app
- Spectator podcasts and newsletters
- Full access to spectator.co.uk