Supermarkets selling essential food and household goods are not accepting Australian banknotes issued by the Reserve Bank of Australia as payment for goods and services. Some Woolies Metro supermarket outlets in Sydney and Melbourne have attracted a flood of criticism on social media for refusing to accept cash as payment for food and essential items. “It is time for the
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Widely reported research published this week in Virology Journal by the CSIRO and the Australian Centre for Disease Preparedness (ADCP) in Geelong found that COVID-19 can survive for significant periods on non-porous surfaces. The experiment was conducted in a dark area, with artificial mediums using high loads of virus. Professor of Infectious Diseases, Peter Collignon from the Australian National University
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$250 bonus payment for Christmas to FTB parents but ParentsNext is back along with cuts to JobSeeker, JobKeeper and childcare subsidies. This is the single mum guide to budget 2020. https://singlemum.com.au/australia-single-mum-budget-2020?utm_source=Single+Parent+Australia+Mailing+List&utm_campaign=622518cb4f-Single+parent+call-out+-+Daily+Mail+Austr_COPY_01&utm_medium=email&utm_term=0_4d191119fd-622518cb4f-712338773
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Families, taxpayers, small business, young workers win from budget 2020 but JobSeekers miss out on the bonus Christmas payments and Victorians get no special deals. This wrap for Josh Frydenberg’s second budget is from Kidspot: https://www.kidspot.com.au/news/how-you-and-your-family-will-benefit-from-the-2019-federal-budget/news-story/757c5930a8d0e51b10410b887f1e94f2
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Netflix’s The Social Dilemma exposes the human impact of social media engineering – for profit. Netflix’s “The Social Dilemma,” is a top ten trending documentary-drama exploring the dangerous human impact of social engineering based on data. This is social media’s greatest tech experts sounding the alarm on their own monster creations. Released last week, The Social Dilemma focusses on the
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They said digital payments would defeat criminals, terrorists and money launderers but the opposite has turned out to be true. Money laundering through banks, hackers blackmailing legitimate listed companies for cryptocurrency payoffs and regular outages by my bank’s Eftpos system show cash may be our last bulwark against the crims and the thieves. Card companies and banks implied that cash
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The Reserve Bank of Australia’s latest Quarterly Bulletin has rejected the idea of issuing a digital currency for Australia. Long held up as the future of the ‘physical’ currency, a digital currency is a verified token or account that could replace actual notes and coins without a bank or a card company involved. It’s real money online, issued by the RBA, worth
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Reserve Bank of Australia data shows Australian consumers have rushed back to withdrawing cash after an initial plunge during the first few months of the COVID-19 pandemic. There were 45 million cash withdrawals from Australian ATMs (worth $10.6 billion) in December 2019. That number fell to 22 million withdrawals worth $6.5 billion in April 2020 then bounced back to 35
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The Reserve Bank of Australia has quietly changed this page today: This new page from the RBA reflects a subtle but important new emphasis and the start of what could be a continued gentle push from the PSB/RBA to protect the cash economy. While some Australian state health departments have advised consumers and retailers against using cash at the
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The Reserve Bank of Australia recognised the essential role of cash in the economy in last week’s Payment System Board update: The PSB noted “the importance of the community continuing to have good access to cash withdrawal and deposit services, even as the overall use of cash for transactions declines.” However, unlike the RBNZ, the RBA does not propose concrete
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