An economy-wide cash payment limit proposed to tackle the black economy.
One of the recommendations from the Black Economy Taskforce (BET) is the introduction of an economy-wide cash payment limit of $10,000 made to businesses for goods or services from 1 July 2019.
The government in its response to the BET report agreed. On 25 May 2018, Treasury released a consultation to seek stakeholder feedback on implementation issues resulting from such a limit.
Our submission along with the Treasury consultation paper is available for access below.