d154c93a723e8770162aaaa41a5b8a54

【Wealth Succession】AUSTRALIA: Cash payments over AUD10,000 to be criminal offence

The Australian federal treasury has introduced a draft Bill limiting cash payments to AUD10,000 per transaction, to be enforced by fines up to AUD25,000 and prison sentences of up to two years. If passed, the Currency (Restrictions on the Use of Cash) Bill 2019 would come into effect on 1 January 2020, and is expected to ...

Login to see the whole story

For business consultation, please contact us