Economist John Adams and Analyst Martin North discuss the latest on the Bill to outlaw certain cash transactions. Much more to come on this, as the latest draft bill has reshaped the purpose of the legislation.
https://www.aph.gov.au/Parliamentary_Business/Committees/Senate/Economics/CurrencyCashBill2019
Meanwhile, at Club LibLab.
L1: Wow! Bit of a stink over the cash ban, L2.
L2: Are you thinking what I’m thinking L1?
L1: Time for a Parliamentary Inquiry, L2?
L2: 6th months should do it.
ATO is not a legal entity. It doesnt exist in law.
There is no legisltion to establish it and never gazetted. Income Tax is to reduce the middle class to poverty- HG Wells.