OZschwitz Slave Pen: Limiting cash payments to $10,000 is more dangerous than you might think

We are used to being able to pay for things with legal tender.

Other than in special circumstances, refusing to accept cash can have legal consequences.

OZschwitz Slave Pen: Limiting cash payments to $10,000 is more dangerous than you might think File-20191202-156099-1cenkl8.jpg?ixlib=rb-1.1

OZschwitz Slave Pen: Limiting cash payments to $10,000 is more dangerous than you might think File-20191202-156099-1cenkl8.jpg?ixlib=rb-1.1

The Currency (Restrictions on the Use of Cash) Bill 2019 at present before the Senate seeks to make it an offence to use “too much cash” to pay your bills.

The intent is clearly stated in Section 4:

This Act places restrictions on the use of cash or cash-like products within the Australian economy. The Act imposes criminal offences if an entity makes or accepts cash payments in circumstances that breach the restrictions.

The proposed limit is A$10,000. Section 8 would make it an offence to make or accept cash payments of $10,000 occurring either as one-offs or in a linked sequence.

https://theconversation.com/limiting-cash-payments-to-10-000-is-more-dangerous-than-you-might-think-128094

OZschwitz Slave Pen: Limiting cash payments to $10,000 is more dangerous than you might think

OZschwitz Slave Pen: Limiting cash payments to $10,000 is more dangerous than you might think

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