Should We Ban Cash In Australia? - Coin Community Forum

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Author	Replies: 3 / Views: 1,315
Philski New Member Australia 40 Posts	Posted 11/02/2019 07:10 am The Australian Senate is having an Inquiry into Banning Cash in Australia. I'm sorry its such short notice. Submissions close tonight 2nd November 2019 details can be found here. https://medium.com/@matt_11659/subm...6eb447831db5 Disclaimer, Admin I have under 50 posts. But this is obviously one of the most important monetary decisions in our nations history. And we as collectors would be one of the hardest hit. No more money.. Report this Post to the Staff

Philski New Member Australia 40 Posts	Posted 11/02/2019 07:21 am just to clarify they are trying to limit how much we can hold and how much we can transfer in cash and receive as gift to the value of 10k or part cash and barter or items to that value Holding more than $10,000 in cash or value as a coin and note collection would be an offense and punishable by 120 penalty units or 2 years in jail. Report this Post to the Staff
Basil Pillar of the Community Australia 1039 Posts	Posted 11/02/2019 07:40 am Quote: just to clarify they are trying to limit how much we can hold and how much we can transfer in cash and receive as gift to the value of 10k I read earlier this year that the Libs & Labor had already agreed on the A$10,000 cash limit and it comes into force on the 30th June 2020,someone on here will know more. Edit...quick Google finds this but no recent stuff. https://www.news.com.au/finance/eco...a15e5f038949 Edited by Basil 11/02/2019 6:53 pm Report this Post to the Staff
Bud250r Pillar of the Community United States 824 Posts	Posted 11/02/2019 7:07 pm Ban cash anywhere. Heck no! Report this Post to the Staff
	Replies: 3 / Views: 1,315

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