Business News

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

Cash 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.

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