I am not impressed or pleased.
As you may be aware old lard arse wants a cash ban on the amounts over $10,000 and this as has just come via email and thought I would share it so you can have a listen too.
Two comments from youtube members
1. What a bunch of Lying, Slimey, Treasonous, Criminals, Banksters and Politicians.
2. The only evidence is that the Bank wants your money, all of it.
A 5min (approx) video on it in Senate.
https://www.youtube.com/watch?v=K-awnYRvRjM&feature=youtu.be
There's a petition to sign here
I went to MY bank to take out some of MY money in cash ($4,500 for MY reason) - and they wanted to charge me $4.50. I strongly objected, and only when the branch manager came out did they reluctantly agree to wave the fee. Bloody thieves!
...and that's not extortion?
Just another ploy by SOOTY to give the Banks an oppertunity to increase revenue via more service charges. He will not let his mates down.
Try payng insurance on $100,000 cash.
I have a question and would appreciate advice on how to.
Friend has written a letter and once I explain you will see why it did not go via email. She is selling her home (hubby passed away 18 months ago. House value about $250K which will have to go into the bank. BUT, over the years the couple had saved a little over $100K which she has secretly hidden and does not want it to go into the bank as she wants fast access to place a deposit on her next home which is scaled down in size. BAnks will hold her funds for about 7 working days and as she said what if I find a home very quickly, I wont have money to put a deposit on it. She is a very active, mentally alert 80+ year old.
So what she is thinking is carrying it with her from point A to point B, a distance of about 1800 kms to her new place/area where she has family nearby. Any ideas, I have replied but did say more is likely to come. My advice was a money belt attached to her for the duration of the journey, once at her family 's residence she can then place it safely there. But I did say the money belt may pick up perspiration and become wet before she gets there.
Personally, why in hell she asked me I have no idea, I am going in the opposite direction to her and in fact, I am running away from most of the family as they are all useless, exceptions are 2 only.
You only need to supply a $1 -$2,000 deposit on a house purchase. I have done this around 7 times in my life. Anybody who has 100k under the bed is an idiot, the chances of loss are enormous then theres no going back.
You only need to supply a $1 -$2,000 deposit on a house purchase. I have done this around 7 times in my life. Anybody who has 100k under the bed is an idiot, the chances of loss are enormous then theres no going back.
You don't need a deposit at all on a house purchase. I done it myself quote a few times.
Vey dangerous for your friend to either keep or carry large amounts of money.No real answer except to put in the banks ans withdraw whne she needs the csh
Vey dangerous for your friend to either keep or carry large amounts of money.No real answer except to put in the banks ans withdraw whne she needs the csh
It used to be that if you sold the home the money you got for it was ok in the bank for 12 months ready to be put towards another one.
Not sure about the other cash your friend has -- it is a big risk with danger of theft and fires and such
I thought it is 18 months ???
Proceeds from sale of your residential property are not counted towards the Assets Test for first 12 months. The proceeds are considered as a one-off situation. However, the proceeds will be subject to the Income Test immediately you advise Centrelink within 14-days of receiving the proceeds and may reduce your pension until you get below the threshold to resume your pension entitlement.
Your friend should be OK as the aged pension you are allowed so much IF you own a home and more if you don't -- see below
'
To qualify for a full Age Pension as a single person your assets must also be valued below $263,250 if you own your own home, or $473,750 if you don’t own your own home. You can still be eligible for a part Age Pension if your assets are worth up to $574,500 if you own your own home, or $785,000 if you don’t own your own home.
For a couple, your combined assets must be below $394,500 if you own your own home, or $605,000 if you don’t own your own home. You can still be eligible for a part Age Pension if your assets are worth up to $863,500 if you own your own home, or $1,074,000 if you don’t own your own home.
'This rotten thieving government!
Soon the bank will be charging you to keep any money in the banks -- and that why this rotten mob want cash to be illegal -- so as pole can't keep it out of the banks --
https://www.abc.net.au/news/2020-01-21/repopulation-of-pest-koalas-on-kangaroo-island-a-no-go/11885552
Well. that does it for me, burn K.I. and I hope all the people get off in time, but I hope there is nothing left of that rotten island. Koalas are not expendable, but the human race is viral where they can't keep it in their pants and breed low intelligent brats that grow into idiots, and a shitload of them end up in Parliament or in some other authority position. If you can't live in K.I. because of the Koalas, get the fook off snd leave it to them instead of staying there and taking up space and others oxygen levels.
How about replying to the post in question.
How about replying to the post in question.
Considering I posted the original who cares, seemingly you do. Get over it. The guys and gals here are the best, and offer help when asked, and its those I fully trust to give reliable and sensible advice.
Bee Mee, I had read quite a time ago that these Koalas were getting very low on food because they were healthy and breeding and the trees were getting scant -- surely they should be able to get quite a few of these critters off the island and HOPEFULLY allow the trees to come back and plant new ones?
As far as anyone saying they are a pest -- well I say to them bugga off and leave it to the wildlife, as they were there long before the human race!
I was on KI about 12 months ago nad koalas were in plague proportions and they were just leaving them to sort themselves out due to lack of food etc. Fires were a blessing in that they now cn recover to manageable levels.
How many places (qld for one) that has a drop in numbers owing to land clearing, how about sending them up here? We have been fortunate not to have any of the fires as those down south. So we still have the trees for food for them.
Who ever wrote that sure has something to hide and must be doing something illegal as it won't have any effect on those already doing things legally.
Bring it in ASAP.
I'd also like to see all mnotes microchipped so that if they have an expired microchip they have to be exchanged before they can be used. Way too much hording going on today and most of it is not for legitimate purposes.
Nothing illegal other than helping out her two sons financially, and it was also used to pay for hubby's funeral and now part of this approx $100K will be for her funeral when the time comes, so there' no burden on her kids.
Nancye has no problem with putting the $250K from the house sale into the bank, but they do drag out the "clearing" of that cheque/deposit, which is 7 working days. Stuff the 2 days they tell you, I have never had it take just that time, always been 7 working days before I can access the cheque amount. But Nancye wants enough cash to put a decent deposit on her next home if she finds one quickly, she can't wait for bank to get their finger out of their arse and release the funds. Once the contract is signed, then its always a month before settlement which is ample time for the cheque/deposit to clear and pay the balance owing on the new abode.
Ok bank bashers, when does it become unviable for banks to lend money to home buyers when the cash rate is 0.75% & home loan interest rate is 3.5% concidering they have to operate branches & employ people & pay a dividend to its share holders. Seems to me that people in Australia are so hooked on Property Porn & want a 10% annual return at any cost.
Perhaps it is timely to mention that Labor lost the election and some people should just get over it.
If you transfer $10,000.00 from one person'a account into another by law the bank has to advise ATO.
If you transfer funds from one bank to other and it is an Australian Bank you are charged for that. Most are around the $4.00 mark.
If you transfer money to an non Australian owned bank it is $30.00 I have checked that with 3 different finanical institutioms, one of them a credit union.
A bank cheque (the funds are taken out of your account and they give you one of their cheques) the charge for that is $10.00
At a Credit Union I asked about being able to get an account balance. There is a charge if the Credit Union I asked. The bank I use, they issue youat the counter or with a password and they will give it to you free of charge on the phone
Thanks blossom, some of this I didn't know. Also we as pensioners are only able to gift $5,000 annually, hence why my friend skirts around using the bank when its helping out her 2 boys.
Also if you withdraw $5,000 or more, the bank wants to know so they can pass it on to the Govt, so a teller told me.
Thanks for bringing this up Beemee....I knew nothing about it until now but chased down an ABC article written last October which notes the new laws were passed by the Lower House. Do you know if they were passed by the Senate?
They make out it is to prevent money laundering and criminal activity but I suspect it is legislation to protect the banks. If interest rates move into negative territory (which economists say is a strong possibility) and we have to pay interest to keep money in the bank, this sort of legislation will prevent us from removing it.
Pretty disgusting that our country and its citizens have been manipulated, held down, and run into the ground. Our Assets have been sold off to foreign entities, and our Public Service Departments have been forced to run with reduced Staff numbers. This is the most incompetent, punitive, and greedy government Australia has ever seen. A good example is the fact that Parliamentarians are still enjoying salary increases, yet the rest of Australia has been denied wage increases. Despite many calls to raise Newstart Allowance, recipients are still being forced to exist well below the poverty line. Over a million Australian children continue to live in poverty. Pensioners and those on fixed incomes see continual increases in their costs for groceries, utility bills, and just about everything else. Prices have risen a whole lot more than the last Pension Increase of approx. $5 per fortnight ! Perhaps it's time for people to demand Electoral Candidates sign some sort of binding policy documen, instead of making worthless promises they can't keep once they board the gravy train to wealth and prosperity.
Did anyone ever imagine that Australia would end up in such a mess ???
Agree with all you say here Play Fairly and fear the mess we are in is going to get even messier.
This is just typical of our moronic LNP government, who are nothing but a pack of fascist mongrels.
Sadly I am not sure that either party is worth a pile of dog shit anymore. LNP are sp far into the dark hole of calcutta they can't see the forest because of the trees. Labor boasts about 45% reduction in CO2 and that wasn't that long ago and now the last day or to, Albanese said that Labor wont be pushing for the 45% reduction at the next election.
Sounds a whole lot like he been GOT AT by big business and already knuckling under.
I did get one email from the Greens because i really hammered home about Slomo, Bill Shorten the quiet unachiever who said F... All during the fires and slomo's go slow attitude, and the Greens who haven't helped by stopping anyone clearing the undergrowth to avoid this catastrophe. Be nice if the Greens were believeable.
Quote :
Thank you for raising your concerns about the government’s plans to cap cash transactions at $10,000 to Senator Larissa Waters. I’m responding on her behalf.
The Greens are currently considering our position on Currency (Restrictions on the Use of Cash) Bill 2019. We are looking closely into what its likely effect will be on the black economy and related illicit activities, the banking and finance sectors, and any unintended consequences it may have. What we do know is that the bill aims to prevent the use of cash to make large purchases without any government scrutiny and increase transparency on purchases or gifts of $10,000 or more, which allegedly reduces the amount of black market transactions and tax avoidance.
The Greens are strong supporters for tougher measures to crack down on the black economy, particularly the related problems of tax minimisation, money laundering and corruption within government. However, we believe the most effective measures to crack-down on the black economy would be:
Make the 1 in 3 multinationals who pay zero tax in Australia pay their fair share, and use this money to build affordable housing, schools, hospitals, and public infrastructure that we all require to live a good life.Establishing a Federal Anti-Corruption Commission with teeth.Including real estate agents, lawyers and accountants within the scope of anti-money laundering and counter-terrorism financing laws.Better protections and compensation for whistle-blowers.Greater transparency of company ownership structures, and public reporting for all Australian companies earning over $50m.Cracking down on secrecy jurisdictions through punitive taxes and trade arrangements.
Australia’s banking sector is already one of the most concentrated in the world, and that is placing an unfair burden on the community. The Greens are strong advocates for the establishment of publicly-owned financial institutions, and that all communities, including the most disadvantaged and remote, should have access to these services. We also believe that ATM and other retail banking fees are regressive and unfair, and should be as low and transparent as possible. Our policy of putting power back into the hands of people by breaking up the big banks, introducing a strong regulator, and creating a People’s Bank can be read here.
It’s worth noting that since 2012, the banking and finance sectors have donated over $54.4 million to Labor and the Liberal/National Parties.(Source: Democracy For Sale- an initiative that compiles and categorises disclosed donations, launched by Larissa Waters as portfolio holder for Democracy.) As long as our political parties accept massive donations from the banking and finance industries, their ability to make decisions in the interests of people, not corporate profits, is compromised. The Greens are the only party who do not accept donations from for-profit corporations attempting to buy influence.
We will continue to raise these issues in Parliament to remind the government of the relative scale and impact of unethical behaviour—both legal and illegal—by the corporate sector, and the cost of this behaviour to everyday Australians.
Thank you for raising your concerns about the government’s plans to cap cash transactions at $10,000 to Senator Larissa Waters. I’m responding on her behalf.
The Greens are currently considering our position on Currency (Restrictions on the Use of Cash) Bill 2019. We are looking closely into what its likely effect will be on the black economy and related illicit activities, the banking and finance sectors, and any unintended consequences it may have. What we do know is that the bill aims to prevent the use of cash to make large purchases without any government scrutiny and increase transparency on purchases or gifts of $10,000 or more, which allegedly reduces the amount of black market transactions and tax avoidance.
The Greens are strong supporters for tougher measures to crack down on the black economy, particularly the related problems of tax minimisation, money laundering and corruption within government. However, we believe the most effective measures to crack-down on the black economy would be:
Make the 1 in 3 multinationals who pay zero tax in Australia pay their fair share, and use this money to build affordable housing, schools, hospitals, and public infrastructure that we all require to live a good life.Establishing a Federal Anti-Corruption Commission with teeth.Including real estate agents, lawyers and accountants within the scope of anti-money laundering and counter-terrorism financing laws.Better protections and compensation for whistle-blowers.Greater transparency of company ownership structures, and public reporting for all Australian companies earning over $50m.Cracking down on secrecy jurisdictions through punitive taxes and trade arrangements.
Australia’s banking sector is already one of the most concentrated in the world, and that is placing an unfair burden on the community. The Greens are strong advocates for the establishment of publicly-owned financial institutions, and that all communities, including the most disadvantaged and remote, should have access to these services. We also believe that ATM and other retail banking fees are regressive and unfair, and should be as low and transparent as possible. Our policy of putting power back into the hands of people by breaking up the big banks, introducing a strong regulator, and creating a People’s Bank can be read here.
It’s worth noting that since 2012, the banking and finance sectors have donated over $54.4 million to Labor and the Liberal/National Parties.(Source: Democracy For Sale- an initiative that compiles and categorises disclosed donations, launched by Larissa Waters as portfolio holder for Democracy.) As long as our political parties accept massive donations from the banking and finance industries, their ability to make decisions in the interests of people, not corporate profits, is compromised. The Greens are the only party who do not accept donations from for-profit corporations attempting to buy influence.
We will continue to raise these issues in Parliament to remind the government of the relative scale and impact of unethical behaviour—both legal and illegal—by the corporate sector, and the cost of this behaviour to everyday Australians.
Thank you for raising your concerns about the government’s plans to cap cash transactions at $10,000 to Senator Larissa Waters. I’m responding on her behalf.
The Greens are currently considering our position on Currency (Restrictions on the Use of Cash) Bill 2019. We are looking closely into what its likely effect will be on the black economy and related illicit activities, the banking and finance sectors, and any unintended consequences it may have. What we do know is that the bill aims to prevent the use of cash to make large purchases without any government scrutiny and increase transparency on purchases or gifts of $10,000 or more, which allegedly reduces the amount of black market transactions and tax avoidance.
The Greens are strong supporters for tougher measures to crack down on the black economy, particularly the related problems of tax minimisation, money laundering and corruption within government. However, we believe the most effective measures to crack-down on the black economy would be:
Make the 1 in 3 multinationals who pay zero tax in Australia pay their fair share, and use this money to build affordable housing, schools, hospitals, and public infrastructure that we all require to live a good life.Establishing a Federal Anti-Corruption Commission with teeth.Including real estate agents, lawyers and accountants within the scope of anti-money laundering and counter-terrorism financing laws.Better protections and compensation for whistle-blowers.Greater transparency of company ownership structures, and public reporting for all Australian companies earning over $50m.Cracking down on secrecy jurisdictions through punitive taxes and trade arrangements.
Australia’s banking sector is already one of the most concentrated in the world, and that is placing an unfair burden on the community. The Greens are strong advocates for the establishment of publicly-owned financial institutions, and that all communities, including the most disadvantaged and remote, should have access to these services. We also believe that ATM and other retail banking fees are regressive and unfair, and should be as low and transparent as possible. Our policy of putting power back into the hands of people by breaking up the big banks, introducing a strong regulator, and creating a People’s Bank can be read here.
It’s worth noting that since 2012, the banking and finance sectors have donated over $54.4 million to Labor and the Liberal/National Parties.(Source: Democracy For Sale- an initiative that compiles and categorises disclosed donations, launched by Larissa Waters as portfolio holder for Democracy.) As long as our political parties accept massive donations from the banking and finance industries, their ability to make decisions in the interests of people, not corporate profits, is compromised. The Greens are the only party who do not accept donations from for-profit corporations attempting to buy influence.
We will continue to raise these issues in Parliament to remind the government of the relative scale and impact of unethical behaviour—both legal and illegal—by the corporate sector, and the cost of this behaviour to everyday Australians. UNQUOTE.
No one will accept there is no "Black" anything. Except what they want to see.
Now all we need is some like Alex de Waal the CEO of the Greyhound Bus company’s who resigned from board of Citizens of the Great Barrier Reef Foundation after support for coal project declared ‘clear conflict’. Apparently Greyhound was involved in the transporting workers to and from the mine. We need someone who cares nothing for money or position, but does what is right.
Beemee, you have it right there -- with your description of this lot
Banks are giving us NOTHING -- so I wouldn't blame anyone that never uses them --