On 23 May the Treasury released a consultation paper, Introducing an Economy-Wide Cash Payment Limit: Government response to the Black Economy Taskforce Final Report, which seeks views on the announcement of the Government as part of the 2018-19 Budget of an economy-wide cash payment limit of $10,000, applicable to payments made to businesses for goods and services from 1 July 2019.

The Treasury states that the consultation paper is seeking the views of stakeholders to identify further issues for consideration in implementing this measure.  This includes views on reporting obligations, integrity measures and whether any exemptions apply.

Responses are due by 24 June.