Australia mandates cash acceptance for essential goods, starting in 2026, to keep cash viable.

The Australian government plans to require businesses to accept cash for essential items like groceries and fuel, aiming to maintain cash as a viable payment method. The mandate, set to start in January 2026, will likely exempt small businesses. The government also plans to phase out cheques by 2029, as their use has declined significantly. This move is part of efforts to ensure cash remains available, especially during digital outages.

November 17, 2024
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