Coalition proposes bill to force major retailers to accept cash
The Coalition's bill would apply to just 3% of businesses but cover 80% of retail transactions.
The Coalition proposes a Cash is King Bill that would require major retailers to accept cash for purchases. The bill applies to chemists, hardware stores, department stores, restaurants and fast-food chains.
Businesses with less than $10 million annual turnover would be exempt. The change affects just 3% of businesses but covers 80% of face-to-face retail sales.
The transaction limit would rise from $500 to $2,000. Commonwealth agencies must accept cash for eligible over-the-counter payments.
The Coalition says this balances cash access with small business costs for handling physical money.
- 80 percent of face-to-face retail
- Transactions covered
- 3 percent of all businesses
- Businesses affected
- $10 million annual
- Turnover exemption threshold
- $2,000 (from $500)
- New transaction limit
Why it mattersThe bill lets more people pay with cash at major retailers instead of relying on cards.
AustraliaIf passed, the bill would reshape payment options across Australia's major retail chains and restaurants.
✓ Claims checked against the source and corrected before publish. checked 2 h ago
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