Australia Cashless Society by 2022

[icyfroth]

"Cash is predicted to make up only 2% of all payments within the next five years.

If you still pay for your morning coffee with a crisp $5 note, you’re a rare breed and clearly missed the “cash is no longer king” memo."

Link 

"Prime Minister Scott Morrison and his government introduced legislation to parliament in September that could make it illegal for Australians to pay for purchases over $10.00 in cash.

A senate committee is currently open to submissions from the community.

The task recommended by the Black Economy Taskforce, with those who support it claiming the bill’s purpose is to crack down on illegitimate activity, from tax evasion to money laundering. Why, after all, some may ask do we even pay with cash at all?"

Link 

�� ....A cashless society means no cash. . Zero. . 
It doesn’t mean mostly cashless and you can still use a ‘wee bit of cash here & there’. 
Cashless means fully digital, fully traceable, fully controlled. I think those who support a cashless society aren’t fully aware of what they are asking for. 
A cashless society means:

* No more tuck-away cash for those preparing to leave domestic violence.
* No more purchases off marketplace unless you want to risk bank transfer fraud.

* No more garage sales.
* No more cash donations to hungry homeless you pass.
* No more cash slipped into the hands of a child from their grandparent.
* No more money in birthday cards.
* No more piggy banks or tooth fairy for your child.
* No more selling bits & pieces from your home that you no longer want/need for a bit of cash in return.
* Less choices of where you purchase based on affordability.

What a cashless society does guarantee:

* Banks have full control of every single cent you own.
* Every transaction you make is recorded.
* All your movements & actions are traceable.
* Access to your money can be blocked at the click of a button when/if banks need ‘clarification’ from you which could take weeks, a hundred questions answered & five hundred passwords.
* If your transactions are deemed in any way questionable, by those who create the questions, your money will be frozen, ‘for your own good’.

And before anybody slams this post ... don’t go shooting the messenger .. 
I’m sharing it because maybe we all need to take off our blinkers. 
Forget about cash being dirty. Cash has been around for a very, very long time & it gives you control over how you trade with the world. It gives you independence.

If you are a customer, pay with cash. 
If you are a shop owner, remove those ridiculous signs that ask people to pay by card. 
Cash is a legal tender, it is our right to pay with cash. 
Banks are making it increasingly difficult to lodge cash & that has nothing to do with a virus.

Please 

A senate committee is currently open to submissions from the community.

[rogespeed]

---

@icyfroth wrote:

"Cash is predicted to make up only 2% of all payments within the next five years.

If you still pay for your morning coffee with a crisp $5 note, you’re a rare breed and clearly missed the “cash is no longer king” memo."

Link 

"Prime Minister Scott Morrison and his government introduced legislation to parliament in September that could make it illegal for Australians to pay for purchases over $10.00 in cash.

A senate committee is currently open to submissions from the community.

The task recommended by the Black Economy Taskforce, with those who support it claiming the bill’s purpose is to crack down on illegitimate activity, from tax evasion to money laundering. Why, after all, some may ask do we even pay with cash at all?"

Link 

�� ....A cashless society means no cash. . Zero. . 
It doesn’t mean mostly cashless and you can still use a ‘wee bit of cash here & there’. 
Cashless means fully digital, fully traceable, fully controlled. I think those who support a cashless society aren’t fully aware of what they are asking for. 
A cashless society means:

* No more tuck-away cash for those preparing to leave domestic violence.
* No more purchases off marketplace unless you want to risk bank transfer fraud.

* No more garage sales.
* No more cash donations to hungry homeless you pass.
* No more cash slipped into the hands of a child from their grandparent.
* No more money in birthday cards.
* No more piggy banks or tooth fairy for your child.
* No more selling bits & pieces from your home that you no longer want/need for a bit of cash in return.
* Less choices of where you purchase based on affordability.

What a cashless society does guarantee:

* Banks have full control of every single cent you own.
* Every transaction you make is recorded.
* All your movements & actions are traceable.
* Access to your money can be blocked at the click of a button when/if banks need ‘clarification’ from you which could take weeks, a hundred questions answered & five hundred passwords.
* If your transactions are deemed in any way questionable, by those who create the questions, your money will be frozen, ‘for your own good’.

And before anybody slams this post ... don’t go shooting the messenger .. 
I’m sharing it because maybe we all need to take off our blinkers. 
Forget about cash being dirty. Cash has been around for a very, very long time & it gives you control over how you trade with the world. It gives you independence.

If you are a customer, pay with cash. 
If you are a shop owner, remove those ridiculous signs that ask people to pay by card. 
Cash is a legal tender, it is our right to pay with cash. 
Banks are making it increasingly difficult to lodge cash & that has nothing to do with a virus.

Please 

A senate committee is currently open to submissions from the community.

---

or a lot of transactions in $5 notes .... so what our brave new Govt proposes is a refinition of legal tender ? At the moment I thought it was illegal to refuse payment in legal tender 

[shoppingbag*]

We were able to pay for petrol recently when eveyone else could not because the computers were down. CASH IS KING.

I recently tried to get a debit card attached to my Bank account, but alas, no go. I am told I have a passbook account and it is not possible, yet the bank staff cannot explain why I don't have a passbook. No-one will ever convince me that Internet Banking is safe, as I know for a fact that there are experts in cyber crime who will not use it. The Internet was never designed to be for this purpose, originally firewalls didn't even exist. The number of hacks that happen every day, just shows how insecure the system is, made worse by office staff who have no idea on security and will click on anything. It makes me worry that all our personal information is already on line, and when our money goes missing, or our identities are stolen is anyone going to take responsibility, I doubt it!

[chameleon54]

One of my kids had a ( paypal supplied ) hand held credit card reader that they used in a small market style business around a year ago. It was OK but it had a lot of technical problems. It would work for awhile and then need to be re-set etc. Mobile card reading technology will have to improve dramatically reliability wise and be much more universally available ( mobile phones perhaps ) before cash can be retired. This will still cause problems for the most vulnerable as they rarely have the latest you beaut phones and many cant afford credit all of the time.

[imastawka]

---

@shoppingbag* wrote:

We were able to pay for petrol recently when eveyone else could not because the computers were down. CASH IS KING.

I recently tried to get a debit card attached to my Bank account, but alas, no go. I am told I have a passbook account and it is not possible, yet the bank staff cannot explain why I don't have a passbook. No-one will ever convince me that Internet Banking is safe, as I know for a fact that there are experts in cyber crime who will not use it. The Internet was never designed to be for this purpose, originally firewalls didn't even exist. The number of hacks that happen every day, just shows how insecure the system is, made worse by office staff who have no idea on security and will click on anything. It makes me worry that all our personal information is already on line, and when our money goes missing, or our identities are stolen is anyone going to take responsibility, I doubt it!

---

Says the person who sells on ebay.

Open a new bank account and transfer the money.

Then you can have a debit card.

[brerrabbit585]

Very misleading comments from you. It would have made a huge difference if you'd typed $10,000 instead of only $10. I wondered how I could have missed the news about outlawing cash transactions over a mere $10.

[icyfroth]

@ brerrabbit

The text in my OP is C&P'd from news items off the internet.
You can check the links.
I have made no personal comments.

[davewil1964]

Of course not.

You only do that when you're attacking somebody. Otherwise you claim if it's on the internet, it's true.

The almost invisible link says $10,000, but you chose to C&P an unattributed tirade about $10. Says something.

[4channel]

---

@icyfroth wrote:

"Cash is predicted to make up only 2% of all payments within the next five years.

If you still pay for your morning coffee with a crisp $5 note, you’re a rare breed and clearly missed the “cash is no longer king” memo."

Link 

"Prime Minister Scott Morrison and his government introduced legislation to parliament in September that could make it illegal for Australians to pay for purchases over $10.00 in cash.

A senate committee is currently open to submissions from the community.

The task recommended by the Black Economy Taskforce, with those who support it claiming the bill’s purpose is to crack down on illegitimate activity, from tax evasion to money laundering. Why, after all, some may ask do we even pay with cash at all?"

Link 

---

Old news and nothing new about this as it's always been on the cards, and no pun intended here. Still a very good post from you icyfroth and thanks for the very important reminder.

Yes, cards. Well, all bank cards are and will be are just a representation your access to a system that has your money in a dimension other than physical. i'm not going to mention the many problems with the inevitable cashless society. You're a switched on person icyfroth, you'll be aware of most of them, if not all. Let's just look at a recent scenario like the recent Centerlink Robodebt  debacle. Things like this will happen again as departments that once were staffed with people get replaced by machines and computers. In a cashless society people's funds can get gouged out of their savings accounts or frozen because of some "conjured up" tax debt or welfare debt or something else. How will people then be able to fend for themselves?

[imastawka]

---

@icyfroth wrote:
@ brerrabbit

The text in my OP is C&P'd from news items off the internet.
You can check the links.
I have made no personal comments.

---

I also did a C & P from your link.  Not $10, but $10,000

Prime Minister Scott Morrison and his government introduced legislation to parliament in September that could make it illegal for Australians to pay for purchases over $10,000 in cash. A senate committee is currently open to submissions from the community.