Businesses and individuals could face fines of up to $25,000 if they refuse cash transactions

Businesses could face fines of $25,000 if they refuse cash, under a bid by a former Nationals MP to secure more freedom for consumers. Andrew Gee is behind a Private Member’s Bill that would force individuals and businesses to accept cash payment or face heavy penalties. But the Bill, introduced to federal parliament on Monday, it is likely to be met with mixed reaction.

Despite a Private Member’s Bill being notoriously difficult to pass, Gee held hope for the possible legislation. “I think while … we have Australians out there who have concerns about using card and online banking, then we should give them the option of cash, and I don’t think it’s too much to ask.” The move is being supported by fellow Independent MPs Bob Katter and Dai Le, the federal member for Fowler.

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