Australia Outlaws Cash Transactions

Fact checked
Australia implements large cash ban

The Australian government has outlawed citizens from using cash to buy expensive goods as part of a crackdown on money launderers and organized crime.

From now on, anybody trying to purchase goods or services that exceed $10,000, must use electronic forms of money to pay. reports: Those wanting to spend up big will have to use either electronic transfer services or a cheque to make a purchase.

It is understood there was a push-back within the Government at the $10,000 limit, with some West Australian MPs arguing it should be higher.

However, in the wake of the Commonwealth Bank’s money laundering allegations, which involved the withdrawal of more than $10,000 through ATMs, the Government stuck with the new limit.

It will apply to purchases of goods and services from businesses. Transactions with financial institutions or between consumers for non-business transactions will be exempt.

Revenue Minister Kelly O’Dwyer said the limit would start from July 1 next year.

“This cash payment limit will capture high-value transactions and help stamp out opportunities for criminals to launder the proceeds of crime into goods and services, or for businesses to hide transactions to reduce their tax liabilities,” she said.

The move is in response to the Government’s Black Economy Taskforce, which also backed measures to bar firms with a dodgy tax record from tendering for big Federal contracts.

Firms looking to win a contract worth more than $4 million will need to show evidence of a “satisfactory tax record”.

The Government will sink an extra $319 million into the Tax Office to help develop new ways to target the black economy.

Data matching will also be increased in a package the Government says could net it $3 billion in extra tax over four years. Also helping will be the illegal tobacco trade. Better policing of so-called chop-chop tobacco and payment of excise is expected to reap $3.6 billion.


  1. its very refreshing to see its targeting businesses not personal expenditures .Makes a nice change Might prove effective too ?Who knows.Business can be so creative.

    • its Not TARGETING anything….. this is fake news…. As if we would allow our government to do shit like this… this is Australia not fucking Uganda….. lololol

      • Don’t be so voluntarily blind. If you ultimately choose to put your head in the sand and believe the bullshit lies they’re feeding you then I am terrified of your future. I love you in Christ, wake up, you have it backwards – “fake news” IS the lie.

        • You idiot….. as if any country would accept this … there would be blood in the parliament… you idiot

    • Humans, outlawing base humans (the elite think themselves freemen and ‘begun’, which makes them ‘real human beings’, in part because they care about their community and wouldn’t ever take part in altruism that is self destructive. They educate us to do that).

  2. A hero in my books was Robert Mugabe. He added expiry dates to his banknotes and bar codes would also help in tracking transactions, so if drugs are bought with near expiry date notes the depositor can be recorded. It also will limit hoarding of banknotes and transactions that violate the Reciprocity Treaty of 1875 and force Nations with BALANCE OF TRADE SURPLUSES to write off the debt.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.