Oz floats demonetisation proposal

December 14, 2016 14:04

Australia looks set to follow in the footsteps of Venezuela and India by abolishing the country's highest-denomination banknote in a bid to crack down on the "black economy'.Speaking to ABC radio on Wednesday, Revenue and Financial Services Minister Kelly O'Dwyer flagged a review of the $100 note and cash payments over certain limits as the government looks to recoup billions in unpaid tax. Read more

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