Name: Can Australian businesses legally refuse to accept cash? #BusinessLegal #BusinessLegal #TexasBusiness #TexasBusinessAgreements [Video]
Uploaded: 2024-04-15T08:09:44+00:00
Description: What the law in Australia actually says about legal tender, cash and credit cards.

Can Australian businesses legally refuse to accept cash? [Video]

Does “legal tender” mean you can always pay with notes and coins?

The belief that cash is “legal tender” and can’t be refused by any business is very widespread. However, it’s simply not true in Australia. Businesses can choose to accept payment in whatever form they like.

The Reserve Bank of Australia (RBA) covers this topic in detail on its website:

Australian banknotes and coins do not necessarily have to be used in transactions and refusal to accept payment in legal tender banknotes and coins is not unlawful. For example, some vending machines, parking meters and road toll collection points indicate by signs that they will not accept low denomination coins. Some road toll collection points indicate that they will not accept any cash at all. If a provider of goods or services specifies other means of payment prior to the contract, then there is usually no obligation for legal …

Tags Business Legal, Texas Business, Texas Business Agreements