CANBERRA, ACT, April 22 -- The Treasurer of Australia issued the following media release:
Today the Government is releasing draft legislation to regulate the cash distribution sector to ensure it continues to serve the needs of Australians.
This is about strengthening the cash distribution system, which is essential for the many Australians and businesses that rely on cash.
It builds on our changes that make it mandatory for fuel and grocery retailers to accept cash, so Australians can continue to pay cash for essentials if they want to.
Although digital payments continue to grow, cash remains critical, especially for regional communities, and plays a vital role during emergencies and outages.
As cash use declines, the sector has becom...