90 Percent Less Cheques in 10 Years: Australia Begins Consultation on Phasing Out Paper-Based Payments

The federal government hopes to receive the necessary feedback to implement a smooth and orderly transition to alternative forms of payment.

A National Australia Bank cheque is seen in Melbourne, Australia, on Sept. 7, 2012. AAP Image/Julian Smith

The Australian government has launched a public consultation on the removal of cheques from the country’s payment system.

This comes following an announcement in July that outlined the government’s plan to abolish the paper-based payment system by 2030, with the government completely moving to new forms of payment by the end of 2028.