MPs Move Bill to Compel Businesses to Keep Using Cash

‘Australians should have a choice as to how to spend their hard-earned dollars.’

Two people use National Australia Bank (NAB) ATMs in Melbourne on May 2, 2019. William West/AFP via Getty Images

Businesses will need to continue accepting cash or face penalties, under a new bill being pushed to get physical tender alive.

The move comes as Australians increasingly opt for digital payments, and eschew cash-based transactions, which have plummeted over the last two decades.