House debates Questions without Notice

Banking and Financial Services

Monday, 24 June 2024 House of Representatives

Jim Chalmers

Jim Chalmers Rankin, Australian Labor Party, Treasurer

2:35 pm

I see these three parts of my answer as equally important. First of all, there is a future for cash in our economy. Secondly, we put a lot of effort in to ensure cash can continue to circulate in our whole country and not just in parts of our country. As I indicated to the member for Calare privately—and I'm happy to share publicly—we are prepared to consider the proposal he has put forward in his bill. I indicated to him some level of caution and concern about big penalties for small businesses who are already under a substantial amount of pressure. As always, with crossbench members in good faith, we see what we can do to accommodate the views that are put to us in a considered way, as this bill has been. I look forward to working with the member on it.

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