No ban cash but still a cashless agenda

A controversial law that would have banned cash payments over $10,000 and imposed two-year jail sentences on people evading the ban has been killed in the Senate.

But don't be surprised if the move to limit your legal use of cash is revived at some stage.

The now-defunct law could return in some other iteration once the COVID-19 pandemic has passed.

On Thursday, following a motion moved by One Nation, the Senate officially dumped debate on the legislation, which has unofficially become known as the "cash ban" law.

Officially it's called the Currency (Restrictions on the Use of Cash) Bill 2019 and it was supposed to take hold in January.

The Government had said the delay in bringing it forward was due to them prioritising the emergency economic response to the COVID-19 pandemic.

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The cashless society from an ethical point of view

The debate about the move towards a cashless society has been at the center of the scene for several years, now. Various angles have been taken by economists, politicians, banking institutions and sociologists. Beyond the technicalities of the debate, lies the question of freedom, of inter-citizen solidarity and of governmental responsibility. The debate cannot remain in the hands of financial specialists, it is first and foremost an ethical, political and societal issue.

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