Original article by Nassim Khadem
The Age – Page: 18 : 5-Jun-17

Putting an expiry date on $A100 notes is one of the options that Michael Andrew is looking at in a bid to reduce the impact of the cash economy on government revenue. Andrew, who is in charge of the Australian Government’s Black Economy Taskforce, says other options include making electronic transactions more attractive by reducing card fees and imposing a ban on all cash transactions over $A10,000. It has been estimated that the cash economy costs the Government up to $A15 billion, due to "illegal welfare payments" and foregone tax revenue.

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AUSTRALIAN FEDERAL POLICE, AUSTRALIAN BUREAU OF STATISTICS, BUNNINGS GROUP LIMITED, AUSTRALIA. BOARD OF TAXATION, AUSTRALIAN CRIME COMMISSION, AUSTRALIAN CUSTOMS AND BORDER PROTECTION SERVICE