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Limiting cash payments to $10,000 is more dangerous than you might think

  • Written by: Mark McGovern, Visiting Fellow, QUT Business School, Economics and Finance, Queensland University of Technology
imageCash payments of more than $10,000 would become illegal in most circumstances and the government could remove exemptions at will.Shutterstock

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.

The Currency (Restrictions on the Use of Cash) Bill 2019 a...

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In July 2026, Group 2 entities, the second cohort of Australian businesses, began their first reporting period under the mandatory climate disclosur...

Permanent $20,000 Instant Asset Write-Off Gives Small Businesses Greater Planning Certainty

The Federal Government’s decision to permanently legislate the $20,000 instant asset write-off will give eligible small businesses greater certainty...