Australian Government Make Decent Start On Cash Acceptance - BUT More Needed!

There is some good news here from Australia - but this quote reveals the current limitations of what is being proposed on cash acceptance:

“In a move designed to taper the phase-out of cash and ensure those who rely on it can still use it for the near future, the federal government will require certain businesses to take cash payments. But others, including many small businesses, will be exempt from the measure.”

Cash CANNOT be phased out - because there are many more people who WANT to use cash than the relatively small number of people who RELY on it.

Take the UK.

81% of the British public recently told LINK ATM Scheme that they view it as important that they retain the option to use cash.

No doubt the % would be roughly the same in Australia, if the public were asked.

Hopefully, as discussions progress in Australia on the implementation of the new cash acceptance regulations, the government can be persuaded to extend compelling cash acceptance to EVERY businesses in the country, so the Australian public get what they really WANT.

Source: theguardian.com/australia-news/2024/nov/18/australian-businesses-selling-essential-goods-and-services-to-be-forced-to-accept-cash-payments