Controversial cash ban shelved
The Federal Government has quietly dropped its controversial ban on cash transactions over $10,000.
The move would have seen businesses face gaol terms of up to two years and fines of up to $25,000 for making or accepting large cash transactions
The CPA was among many groups to make a submission against the proposal.
Luke Grant spoke to the CPA’s tax expert Elinor Kasapidis who wrote their influential submission about the problems with the proposed legislation.
Listen to the interview.