The Liberal/National government will shortly make you a criminal for using $10K in cash
Friday, 28 February 2020
It's no longer conjecture.
This is the Bill which the Senate will shortly vote on.
The object of this Act is to prevent the use of cash in economic activities in order to avoid the scrutiny of regulatory authorities.
This object is to be achieved by making it an offence for an entity to make or accept cash payments that are equal to or that exceed the cash payment limit, unless the transaction is expressly exempted under this Act. Instead, for such cash payments, entities will need to make use of more transparent payment methods.
entity means any of the following:
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(a) an individual;
ENDS
Pauline Hanson has come out strongly against this freedom-smashing new law.
I've been strongly lobbying a number of government MPs who are privately strongly against this new law - however they all toe the party line, something I abhor.
Make sure your Senator, Labor or Liberal knows how you feel.