Proposed laws to criminalise cash payments over $10,000 have reached parliament.
The Morrison government's proposal to criminalise cash payments of $10,000 or more has reached parliament.
Subscribe now for unlimited access.
$0/
(min cost $0)
or signup to continue reading
Assistant treasurer Michael Sukkar introduced the draft laws to the lower house on Thursday, saying it would stamp out situations where businesses under-report their income and avoid tax.
Australians could face up to two years' prison under the proposal, which puts a cash payment limit of $10,000 made or accepted by businesses for goods and services.
Australian Associated Press
More from Latest News
More from Latest News
