Government bid to ban cash buys of more than $10,000 to stop organised crime

Government bid to ban cash buys of more than $10,000 to stop organised crime

AUSTRALIANS who try to use more than $10,000 in cash to buy goods will be banned under a crackdown by the Federal Government aimed at stopping money launderers and organised crime.

The Government last night announced the plan to make it illegal to use more than $10,000 in cash to buy anything.

Those wanting to spend up big will have to use either electronic transfer services or a cheque to make a purchase.

It is understood there was a push-back within the Government at the $10,000 limit, with some West Australian MPs arguing it should be higher.

However, in the wake of the Commonwealth Bank’s money laundering allegations, which involved the withdrawal of more than $10,000 through ATMs, the Government stuck with the new limit.

It will apply to purchases of goods and services from businesses. Transactions with financial institutions or between consumers for non-business transactions will be exempt.

Revenue Minister Kelly O’Dwyer said the limit would start from July 1 next year.

This cash payment limit will capture high-value transactions and help stamp out opportunities for criminals to launder the proceeds of crime into goods and services, or for businesses to hide transactions to reduce their tax liabilities,” she said.

The move is in response to the Government’s Black Economy Taskforce, which also backed measures to bar firms with a dodgy tax record from tendering for big Federal contracts.

Firms looking to win a contract worth more than $4 million will need to show evidence of a “satisfactory tax record”.

The Government will sink an extra $319 million into the Tax Office to help develop new ways to target the black economy.

Data matching will also be increased in a package the Government says could net it $3 billion in extra tax over four years. Also helping will be the illegal tobacco trade. Better policing of so-called chop-chop tobacco and payment of excise is expected to reap $3.6 billion.

perthnow.com.au/politics/budget/government-bid-to-ban-cash-buys-of-more-than-10000-to-stop-organised-crime-ng-b88830273z

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Kikes and shills intend for the banning of all cash, because digital payments are more to their liking. Digital transactions can be completely controlled by the kikes and their shills. This is concrete, objective, factual information.

“a mark on their right hand…”

The original Greek for 'mark' is charagma which was the branding of a seal on coins or documents. Obviously this entails not just a uniform branding of loyalty, but an individual identifier for the purposes of bureaucracy.

"Give life unto the image of the beast"

This is something I’ve not really read into until just yesterday when I saw an user post this link here:

hooktube.com/watch?v=7gh6_U7Nfjs

I’m now seeing that your mark is your personal assistant, built into your body. Truly, from an ancient perspective, this would be ‘giving life unto the image of the beast’. Spooky.

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Thanks for facilitating the takeover of fiat by cryptocurrency

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God dammit

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The war on cash is a war on liberty and freedom. Soon you will only be allowed to trade derivatives with a new global FIAT cryptocurrency (in their twisted mind at least). They want a complete monopoly over our financial records, business transactions and plans. No more fundamentals or physical property just kike smoke and mirrors.

On the one hand, this really does help crack down on distributors etc. However, it is unnecessary involvement by the state.

Have you ever heard of monero?

Nice. We flown the coup, kikes. Stick your paper up your arses sideways

Our fucking government is just malevolent to the Australian people at this point. Tackle illegal bank activity by forcing the people's dependency on banks? Simply genius

As everyone knows, fiat is the only currency to ever exist. No one has ever used gold, silver, coffee, tobacco, spices or anything similar as currency. So, it's totally impossible the government will create a massive black market currency when it gets rid of cash. We all know that crime is a product of guns and wallets not monitored by Google. We're going to transform this nation. We're gonna make it big and mighty and amazing. And we're going to do it with gooks, poos, and afritrash. Globalist, totalitarian-Marxist technocratic dominions are the future.

Monero has already proven to royally fuck over their digitalization of 'money' scheme push and makes complete p2p and anonymous wealth transfers possible.

This e-currency form specifically caused India to mass ban it a few months after their mass ban of physical cash.

But that's just not true

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They will ban privacy respecting crypto next. Normalfags won't care as long as they can speculate with their open-ledger jewcrypto and feel like 1337 h4x0rs from teh fu7ure the few ones who even care about crypto.

You sound antisemitic, user.

I believe user was bein sarcastic. And he's right. If they did ban cash, I'd immediately put all my remaining savings into silver coins, and I think a lot of people would get the same idea around the same time. People will always find something to preserve their wealth from the (((thieving class))).

dailyhodl.com/2018/04/30/monero-zcash-and-dash-facing-pressure-from-cryptocurrency-regulators-in-japan/

inb4

In the UK it has been an offence for a long time (7/7) as a retailer to not inform the Home Office if somebody attempts to make a purchase of over £10000. You are supposed to ask them for I.D.
Basically they are having their global world order. If you wish to trade you will take the mark.

Those first 3 line say the same fucking thing. Stop wasting my time.

This is just the first step in banning cash entirely and forcing everyone to use creditcards/debit cards for every transaction.

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until they high tax and arrest all crypto traders.

(checked)
This
FFS when I was in HS $10k would get you a pretty nice home
Almost everywhere in the US
t. ancientfag that has watched the price of a bottle of coke go from 10¢ to $1
It is still just fizzy sugar water after all these years

"fuck over" and "banned" in one post doesn't compute.

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I want to apologize for how much we've failed you guys, but then again you didn't collectively fight back, either.
No, it isn't. There's no sugar in there anymore. It's all high fructose corn syrup, soybean oil, and unpronounceable chemical preservatives. Some things do change after all.

Did I say unpronounceable? I meant untested. I can pronounce them all and know what elements are in them, just not what they're supposed to be doing to my body.

Jews really got Christian goys with money and faith. Christians despise money and voluntary give up them to jews who worship them. And with money Christians give up their life, literally (read Hayek).

Don't forget suspending your credit/debit card after you commit wrong-think.

No apologies needed the thing I have the hardest time conveying to youth is the fact we did not have the worlds information at our fingertips.
All infos that came to us was (((owned and controlled))) lock stock and barrel.
I had no idea they were the (((3 stooges)))
Jews were just something that was in the bible and something something about Israel and the middle east but the real focus was on the war in Viet Nam night after night year in year out,
Also every movie anywhere about WW II well you know who made them and the basic script.
It was not until the internets came around that I could finally learn a few things.

Fructose is technically a sugar, user.

Nobody is going to use a currency that can put them in jail. Nor does a cryptocurrency have the power to transfer the ownership of internet infrastructure to those that wish to use the internet with moral integrity.

The only cryptocurrency that will survive is the one that can be manipulated by the kleptocratic oligarchs. This means that the cryptocurrency that will make you filthy rich is one that will be centralized, have a clear trail of owners, and be manipulable from the shadows of whichever government owns it. Stop fucking pretending a cryptocurrency is going to put a bullet into the heads of men that have committed crimes against humanity. Pick up the gun and do it yourself, or sit the fuck down and eat the gruel of sins that they place in front of you. Agitprop porn from spineless men is tasteless and useless.

It's the fact that it's corn syrup that is the real issue. Rats, mice, cows, pigs, chickens, people, etc. all demonstrate significantly increased fat storage when consuming sugar in the form of corn syrup than cane sugar without otherwise changing their diet or activity levels.

It also leads to diabetes much faster than normal (beet or cane) sugar. It's probably still better than artificial sweeteners.

Fructose is metabolized into an aldehyde, poisoning you like alcohol but without getting you drunk.

While I fully agree, I have to say Monero is going to be cracked and exploited for good sooner or later, especially if it continues to cash on.

You misspelled ammuniton.

Wow that sounds incredible. How euphoric was your initial browsing after a lifetime of deception?

im sure organized crime will comply

This is only done to further the "cashless society" - total control and serfdom

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Banks are giving me the shits. I wanted to take 10k out while ago and the manager said she couldn't give it to me without a good reason I'm like WTF its my fucking money not yours.
They eventually handed it over but we're probably all fucked if australia ever has a 2007 style bank bed-shit

What's stopping somebody from doing two $5K transactions?

Australians should make their government illegal, it's clearly not working for their interests.

XDDDDDD

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TIME TRAVELER MESSAGE FROM THE FUTURE
The thing Australians need to understand is - in 2018 the figure is $10k in time it will be $10 "because criminals are using much smaller transactions than when the measures were introduced".
YOU HAVE BEEN WARNED. IGNORE AT YOUR PERIL.

And how many times have you bought something in cash for $10K?
Never? Ok then.
I mean sure I get the whole freedom thing but only a moron carries that kind of dough on them.

You'd still get flagged.
Yanky doodles might want to look into the Bank Secrecy Act before bleating how superior they are for an example of how that would work.

So subtle yet obvious shills at work

This shill lie is also sold in under the currency of privacy as

us, canada, uk, aus, nz, etc. always anglo countries. i wish they'd all go extinct already. no more anglos, no more useful idiots willing to sacrifice everything to ensure niggers are being fed and imported in white nations by the millions.

checking these poverty dubs. i spend $7,000 cash down payment on my shitty car and im not even some rich guy, you are clearly young and or poor.

If the government was restricted in the amount of currency, they would let the wetbacks,and legal migrants send the "gold" to their relatives, and you wouldn't have the welfare state.

And normal sugar is broken up to fructose and glucose in your gut before being absorbed. What does that prove?

Show me one Western government that isn't.