From 1 January 2026, Australian businesses selling essential goods and services, such as groceries, medicines and fuel, must accept cash unless exempt under a federal government mandate.
This measure aims to support Australians who rely on cash as a payment method, particularly in regional areas or during emergencies.
Treasury will consult to define essential goods and services, considering business size, location, and capacity to handle cash, with businesses likely to be included being supermarkets, pharmacies, petrol stations and health services.
The government also announced a phased transition away from cheques, which will cease to be issued by mid-2028, and not accepted by late 2029.
Treasurer Jim Chalmers stated the reforms aim to modernise payments, while ensuring cash remains accessible, highlighting its importance for 1.5 million Australians who rely on it for most transactions.