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  1. Exclamation

    Limiting cash transactions to under $10,000

    Will it be tried here too? Is this another way to control how people spend their money?

  2. Post
    Cash transactions over $10k and international transfers of over $1k are already required to be reported to police

    Despite the paranoia this is not to exert control over how you spend your money, but rather to monitor for fraud/money laundering/criminal activity

    If you aren't a criminal you don't have anything to worry about

  3. Post
    Some Aus commentators reported the black economy task that has recommended this law have got it wrong, wrongly targeting tradesman when the real big players who launder money are corporations using the BIG4 accounting firms. The Black economy task force was also headed by a former KPMG head...