Cheques to be scrapped by 2030 in Australia trends now
Cheques to be scrapped by 2030 in Australia trends now
Australia to scrap major method of payment by 2030 as the government considers piloting a digital currency
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No more cheques will be cashed after 2030 as the treasurer signs off on an end date for the paper-based payment.
The decision to phase out cheques before the end of the decade falls under the federal government's plan to modernise the nation's payments system.
Treasurer Jim Chalmers says Australia's regulations have failed to keep pace with trends in finance.
"Our policies and regulations predate the development of mobile payments," he will tell a banking conference on Wednesday.
Under the modernisation plan, cash is safe - for now - but
