- The Four Major Banks of Australia, the Australian Government, all State Governments.
A future cashless society will have several benefits for the community. Firstly, it will increase the detection of crime and be a catalyst for its reduction. As a consequence, it will lower violence in the community.
Secondly, it will reduce the black market that is based on cash and promote the integrity of the income tax base. This will give governments the funds to implement social welfare programs, pay off debt, as well as increase spending on all forms of needed infrastructure.
Thirdly, it will promote greater efficiency in the economy by eliminating the costs of managing cash in terms of counting, securing, and transporting it to banks and other commercial establishments.
The privacy of all Australians is currently protected by national privacy laws. National privacy legislation can be strengthened if needed before the introduction of a cashless economy.
There is absolutely no need for any person or business to apply for any form of credit from any institution, in a proposed Australian cashless society, in order to execute day to day transactions. All Australians can currently apply for and obtain Eftpos Cards, Visa Debit Cards, or Mastercard Debit Cards from any bank or credit union.
The technology for cashless transactions for the visually impaired can and will be developed so that they are not left-out of the means to excecute cashless transactions.
The use of the internet and mobile phone to perform cashless transactions are with us already, or in the case of mobile phones, will be further developed in future using currently available technology called radio frequency identification (RFID).
Australia currently has the technology to become a cashless society. With future research, current cashless methods can be refined while new cashless methods of making purchases can be developed.
We the undersigned call on all major Australian banks, and all governments both Federal and State, to assist in changing the Australian economy to a cashless society. This can be achieved by a gradual and orderly program.
The privacy of all Australians is currently protected by national privacy laws. National privacy legislation can be strengthened before the gradual introduction of a cashless economy.
It is important to note that all Australians can currently apply for and obtain Eftpos Cards, Visa Debit Cards or Mastercard Debit Cards from any bank or credit union. A call for a cashless society in Australia is not in any way a direct promotion for any form of credit from any institution.
This much needed reform will reduce the threat of crimes against people such as cash robbery, increase the integrity of the income tax base, and reduce costs associated with the handling of cash for the entire Australian economy.
The technology to have a cashless society is already with us in terms of the internet, mobile phone, and Contactless Credit & Debit Card Readers that quickly process transactions. Future technological research will only enhance the efficiency and number of cashless methods of executing purchases. The visually impaired will have the technology that can assist them to perform cashless transactions in future.
The Support the promotion of a cashless society petition to The Four Major Banks of Australia, the Australian Government, all State Governments. was written by John Candido and is in the category National Affairs at GoPetition.