There has also been some disunity within the Liberal Party itself, with Victorian branch member Steve Holland, moving a motion in November to have the bill dropped.
Concerns were also raised that because of inflation, the $10,000 threshold would encroach on Australians, dropping over time, so that within 10 years it would be about $2,000 lower.
What's so special about $10,000? Why not $100? Or $10? Yes, make every cash transaction over $1 illegal and jail everyone who disobeys. That will teach those criminals trying to hide their profits.
Big call from a government that just corruptly spent $1B of public funds.
So I get paid money for my labour, and it's now illegal to spend that money in large cash payments? How is this even a law? It can't be legal
Are casinos defined as a financial institution?
Privacy and civil liberties out the door once again under the guise of 'theres a baddy hiding under every bed'. Big Brother arseholes. Frydenberg better not walk around elsternwick unaccompanied at the moment.
Really... we can trust this government? Can we not learn ANYTHING experience has taught us?
Does this include Pollies? JustAsking 😬
a legal challenge to this law to the High Court soon...
You think this will make the slightest difference to anyone operating outside the law? ‘Sorry Mr Drug Dealer, do you have eftpos? It’s illegal for me to give you more than $10k in cash and I’m worried I might go to jail’ said no criminal ever.
Does the law still apply if I place the +$10,000 in an Aldi shopping bag?
This has nothing to do with criminality and everything to do with stopping a run on the banks when the economy tanks.
Disgusting infringement on our CivilRights
The next step in the march to financial incarceration of the masses. Along with indue cards, looming neg interest rates, robodebt etc.. World is fukt
More unnecessary draconian laws from this govt. 😥 AusPol
How the fukk are I meant to buy my coke nowfergodaakes
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