

2019
The Parliament of the
Commonwealth of Australia
HOUSE OF REPRESENTATIVES
Presented and read a first time
Currency (Restrictions on the Use of Cash) Bill 2019
No. , 2019
(Treasury)
A Bill for an Act to restrict the use of cash in transactions, and for related purposes
Contents
Part 1—Preliminary 1
1............ Short title............................................................................................. 1
2............ Commencement................................................................................... 2
3............ Objects................................................................................................ 2
4............ Simplified outline of this Act.............................................................. 3
5............ This Act binds the Crown................................................................... 3
6............ Extension to external Territories.......................................................... 3
7............ Definitions.......................................................................................... 3
8............ Meaning of cash payment limit ........................................................... 4
9............ Value of cash—foreign currency and digital currency........................ 4
10.......... Periodic supplies................................................................................. 4
Part 2—Offences 5
11.......... Simplified outline of this Part.............................................................. 5
12.......... Offence—cash payments equalling or exceeding the cash payment limit (strict liability) 5
13.......... Offence—cash payments equalling or exceeding cash payment limit.. 6
Part 3—Miscellaneous 9
14.......... Simplified outline of this Part.............................................................. 9
15.......... Treatment of entities other than individuals, bodies corporate and bodies politic 9
16.......... Vicarious criminal liability................................................................ 10
17.......... Recovery of fines.............................................................................. 11
18.......... Saving of other laws......................................................................... 11
19.......... Additional constitutional operation.................................................... 11
20.......... Rules................................................................................................. 12
A Bill for an Act to restrict the use of cash in transactions, and for related purposes
The Parliament of Australia enacts: