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$10k cash ban bill killed in the Senate

The government’s plan to criminalise business cash payments of more than $10,000 has now been officially dropped.

$10k cash ban bill killed in the Senate
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The Senate unanimously agreed on Thursday to discharge the Currency (Restrictions on the Use of Cash) Bill 2019 that had been touted to tackle black economy behaviour and tax evasion by banning businesses from making large transactions in cash.

Read more at the AccountantsDaily.

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