100 signatures reached
To: Australian government
Stop Australian Government banning cash transactions in their stealthy legislation
Government currently have stealthy legislation tabled to ban cash transactions over $10000 and possibly even lower amounts under the guise of tax evasion and money laundering.
They have imposed a 2 week review period with no mainstream media coverage.
Many ordinary and older Australians keep cash accumulated outside banks because they do not have trust in banks. They should continue to be allowed to trade cash in any size transaction, as per their current rights. People should not be forced to pay to hold digital money in banks if there is no interest incentive to do so.
Why is this important?
Trading cash is currently not illegal in Australia - because our cash is legal tender. Morrison government, and any collusion with labor opposition is detrimental to the well being and freedom of Australians to buy and sell with cash as legal tender without the need for banker intermediaries; who will Bill users for transactions whilst not offering incentives such as interest rates. This forces mandatory bank accounts, which Australians must reject.
Many ordinary and older Australians keep cash accumulated outside banks because they do not have trust in banks. They should continue to be allowed to trade cash in any size transaction, as per their current rights. People should not be forced to pay to hold digital money in banks if there is no interest incentive to do so.