Cash is indeed legal tender, but does that mean a business has to automatically accept it? 9News
Every week we will break down, debunk and demystify your rights as a shopper in Australia. This week we are looking at the hot-button issue of legal tender, and why businesses or shops may not accept cash if it is deemed to be "legal tender".
This means it's perfectly legal to specify which payment method a seller wants, as long as the buyer is aware of this prior to the goods or services being traded. According to the Currency Act 1965, there are limits to how many coins can be used as "legal tender" to pay a single sum.Amounts not exceeding $5 if any combination of 5c, 10c, 20c and 50c coins are offered; andMONEY MATTERS:
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