Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login Businesses selling essential products including fuel and groceries will be legally required to accept cash payments under new requirements being designed by the federal government. Amid a rapidly shifting payments landscape, Treasurer Jim Chalmers has also told the bosses of the big banks to start preparing for a full phase-out of cheques by September 2029, following a 90 per cent decline in their use in the past decade.
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Cash to stay king for essential products
The federal government will also call time on the use of cheques in the Australian economy, limiting their use from 2028.