Australia To Ban Cash Purchases Over $10,000 (theguardian.com)

Long-time Slashdot reader skegg writes: Last night was federal budget night in Australia, and one of the announcements means Australians will face a crackdown on cash-in-hand payments in an attempt by the government to reduce money laundering and tax evasion. The government has turned its attention to the "black economy" in an attempt to raise billions of extra dollars and intends to limit cash payments for purchase goods and services to $10,000.
The financial services minister argues that currently the status quo "gives some businesses an unfair competitive advantage."

Comments

Simple solution:

[Alain Williams]

Transaction 1: $10,000 buy the car wheels and chassis; Transaction 2: $10,000 buy the engine; Transaction 3: $10,000 buy the rest of the car.

Well, good luck attracting drug kingpins then

[elrous0]

They're all moving back to Miami, where you can buy a mansion with a suitcase full cash still. The real estate agent will even agree to clean the coke dust off for free.