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Cashless Cringe, Ausfalia fast tracked towards a cashless society and social credit.

submitted by UncleDoug to Australia 8 monthsSep 4, 2024 05:37:15 ago (+13/-1)     (pomf2.lain.la)

https://pomf2.lain.la/f/32evlmk4.PNG

Cash is legal tender and typically it has been illegal to refuse said legal tender without a written agreement BETWEEN both parties.
Now these chuckle fucks are re-writing the rules.

Legally, a provider of goods or services is at liberty to set the commercial terms upon which payment will take place, meaning businesses do not have to accept cash.

He said that while it was not illegal for a business to refuse banknotes and coins, if they did not accept your cash you could take them to court — and could win.

Professor Bateman believes that in circumstances where people have no other means of paying for goods other than cash, and if they are not able to reach an agreement with the seller, a court "would most likely" tell the seller to accept the cash payment.

Take the bank notes or I get free= petrol you niggers.

But it is extremely unlikely that a buyer takes a merchant to court just because they won't accept cash.

Loopholes galore.

***

Legal tender rights for Australians in the headlines again following Bob Katter's cafe cash snub

lawpath

Businesses have an obligation to accept legal tender unless an alternative means of purchase has been specified by verbal or written agreement.

Therefore if you provide verbal or written notice prior to entering the contract with your customer, your business isn’t obliged to accept cash as a form of payment. And instead, you can state you’re only accepting cashless payments.

A ‘Keeping Cash Transactions in Australia Bill’ has been introduced to parliament by three politicians

the bill—launched in early June by independent federal MPs Andrew Gee, Bob Katter and Dai Le—would require any business offering goods and services in face-to-face settings to accept cash payments up to $10,000. Failure to comply would be punishable by civil penalties of up to $5,000 for individuals and $25,000 for businesses.

Only three politicians out of 151.

It is true Australian banknotes are legal tender, as stated in section 36(1) of the Reserve Bank Act 1959, but that does not mean a business has to automatically accept cash as payment.

What is declared as legal tender by the government?
Legal tender is the national currency, such as paper money and coins, that is declared by law to be valid payment for debts and financial obligations.


4 comments block

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[ - ] TheSimulacra 0 points 8 monthsSep 4, 2024 13:44:14 ago (+0/-0)

It won't be long before all those pretty pieces of paper are worth less than the resources it takes to print them....no matter what number you put on it.
Keep using that cash goy.

[ - ] bonghits4jeebus 1 point 8 monthsSep 4, 2024 14:44:07 ago (+1/-0)

U don't save cash. You just use it to trade things this week. Though dollar-denominated assets are a thing.

I buy things like, you know, pieces of a company or property.

[ - ] UncleDoug [op] 0 points 8 monthsSep 4, 2024 20:52:04 ago (+0/-0)

CBDC fag

[ - ] VitaminSieg 1 point 8 monthsSep 4, 2024 17:12:42 ago (+1/-0)

Same problem in Canada. Not aware of any Bill though. I'm having issues with retards not accepting cash. On the weakest reading, it just means the currency is backed by the government, but really what's that guarantee worth to anyone if you don't have to accept it as payment. That's the intrinsic 'fiat' in the currency: we need to have faith that the government minted and backed coin is going to be worth something to someone else. If it's not, if it's not the case that everyone accepts it, then it's effectively not worth anything.