Black economy crackdown as proposed law looks to criminalise $10,000 cash payments | Daily Mail
August 19, 2019
Samuel Lawrie
Australians could soon be jailed for up to two years and fined $25,200 for paying cash sums of more than $10,000.
The proposed law could come into effect as soon as January 2020 and will target transactions in the black economy.
According to the Treasury website, the black economy 'refers to people who operate entirely outside the tax and regulatory system'.
By Aidan Wondracz For Daily Mail Australia
Read Full Article
The proposed law could come into effect as soon as January 2020 and will target transactions in the black economy.
According to the Treasury website, the black economy 'refers to people who operate entirely outside the tax and regulatory system'.
By Aidan Wondracz For Daily Mail Australia
Read Full Article
