Does this mean you can't buy gold with cash - when or if it happens??? I guess you'll just have to buy a lot of silver up to that amount with cash. https://www.armstrongeconomics.com/world-news/taxes/australia-looking-into-cancelling-100-bill/ "Former KPMG Global Chairman Michael Andrew will head the new underground economy taskforce, which I suspect is one reason to think twice about KPMG. It will also include the Australian Tax Office, Reserve Bank of Australia, the Australian Securities and Investment Commission, the Australian Transaction Reports and Analysis Center, and immigration and human services departments. They plan on considering the continued use of the $100 note of which there are $30bn in circulation. They are also looking to France, a fantastic role model, where the government banned cash payments of over 1,000."
Not sure they can stop you spending large amounts of cash, who's going to knock it back I always use cash 10k 20 k its just money, stuff paying for a bank check
Businesses will have to show where the money comes from and if purchases over $1000 have to be done electronicly then they will have to show that. It's BS! It says on the note 'legal tender' not 'legal tender under $1000'
