Maitland City Council Goes Cashless at Administration Centre Despite Legal Tender Status of Notes and Coins
As of May 1, the Maitland City Council’s Administration Centre has become a cashless facility, no longer accepting cash payments from customers. The move is in line with other council facilities, including libraries, and was communicated to customers ahead of time via the recent rates notice.
The trend towards cashless payments has been growing in recent years, with businesses and organisations worldwide adopting cashless payment options to keep up with changing customer preferences. However, it is important to note that notes and coins are still considered legal tender in Australia.
According to the Currency Act of 1965, businesses are required to accept payment in legal tender, including cash, for debts or obligations. However, businesses are not required to accept large amounts of coins or damaged or dirty notes.
The Reserve Bank of Australia (RBA) has recognised the trend towards cashless payments, but has also highlighted the importance of ensuring that access to cash remains available to all members of the community, particularly those who are vulnerable or in remote areas. The RBA has also reminded businesses that legal tender status applies to notes and coins, and that they must accept these as payment if offered.
Customers who wish to make cash payments for council services can still do so at Australia Post outlets. The move towards a cashless society is part of a growing trend seen in businesses and organisations worldwide, with many seeing it as a more convenient and efficient way of making payments. However, it is important to ensure that everyone has equal access to payment options, and that businesses comply with legal requirements for accepting legal tender.