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| Cheques being phased out in Australia by 2030 |
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| Someone:
--- Quote from: tggzzz on October 12, 2023, 10:21:07 am ---I doubt that it is driven by the government; what business is it of theirs? --- End quote --- No, that's exactly what it is. The government is aiming to have no cheques used within their systems by some future date. Right there in the OP: --- Quote from: Halcyon on October 08, 2023, 05:59:13 am ---I learned that the Australian government will be phasing out the use of cheques by no later than 2030. Which to me is still quite late considering the use of cheques in Australia is almost zero today. --- End quote --- It is almost certainly just to streamline and reduce costs for the government entities producing and accepting cheques. Push that all to fully digital bank transfers and in person card transactions. I like this, while depositing a cheque as an individual isn't too hard, the bizarre ways some government functions expect to be paid (cheque, money order, cash in person) can be a pain as a consumer. So if they will streamline away from paper/manual methods that will be an improvement for me. |
| TimFox:
--- Quote from: Someone on October 12, 2023, 10:24:55 pm --- --- Quote from: tggzzz on October 12, 2023, 10:21:07 am ---I doubt that it is driven by the government; what business is it of theirs? --- End quote --- No, that's exactly what it is. The government is aiming to have no cheques used within their systems by some future date. Right there in the OP: --- Quote from: Halcyon on October 08, 2023, 05:59:13 am ---I learned that the Australian government will be phasing out the use of cheques by no later than 2030. Which to me is still quite late considering the use of cheques in Australia is almost zero today. --- End quote --- It is almost certainly just to streamline and reduce costs for the government entities producing and accepting cheques. Push that all to fully digital bank transfers and in person card transactions. I like this, while depositing a cheque as an individual isn't too hard, the bizarre ways some government functions expect to be paid (cheque, money order, cash in person) can be a pain as a consumer. So if they will streamline away from paper/manual methods that will be an improvement for me. --- End quote --- I may have misunderstood the original post (not well worded): does the government of Australia mean only to stop writing checks? Will they accept checks in payment of taxes, etc.? Will the Australian banking system continue to allow the use of checks? |
| Halcyon:
--- Quote from: TimFox on October 12, 2023, 10:27:59 pm --- --- Quote from: Someone on October 12, 2023, 10:24:55 pm --- --- Quote from: tggzzz on October 12, 2023, 10:21:07 am ---I doubt that it is driven by the government; what business is it of theirs? --- End quote --- No, that's exactly what it is. The government is aiming to have no cheques used within their systems by some future date. Right there in the OP: --- Quote from: Halcyon on October 08, 2023, 05:59:13 am ---I learned that the Australian government will be phasing out the use of cheques by no later than 2030. Which to me is still quite late considering the use of cheques in Australia is almost zero today. --- End quote --- It is almost certainly just to streamline and reduce costs for the government entities producing and accepting cheques. Push that all to fully digital bank transfers and in person card transactions. I like this, while depositing a cheque as an individual isn't too hard, the bizarre ways some government functions expect to be paid (cheque, money order, cash in person) can be a pain as a consumer. So if they will streamline away from paper/manual methods that will be an improvement for me. --- End quote --- I may have misunderstood the original post (not well worded): does the government of Australia mean only to stop writing checks? Will they accept checks in payment of taxes, etc.? Will the Australian banking system continue to allow the use of checks? --- End quote --- Both. This is the original announcement: https://ministers.treasury.gov.au/ministers/jim-chalmers-2022/media-releases/modernising-payments-infrastructure-phasing-out-cheques I'm not aware of any Government departments that are still using cheques, but there may still be some stragglers, particularly when it comes to internal matters. But independently of this, consumer demand (or lack thereof) has caused banks to stop offering to chequing facilities on some new accounts as early as this year. Whilst consumers will still be able to deposit cheques (for a fee), they won't be able to order cheque books. Some banks don't offer cheque accounts at all. As I mentioned earlier, cheques made up only 0.2% of non-cash payment methods in 2021-2022 and is the single payment method that is rapidly declining. Cost is cited as one reason and whilst I don't know what the true cost of processing a cheque is, it's not zero. Some of this cost is passed onto the consumer. There are many more pitfalls into cheque use then there are positives, that's not an opinion, that's the nature of the technology. As I mentioned earlier, why pay to keep an old and dying technology alive? It makes no sense to me. I used Telex, Fax and old analog phone lines as prime examples of that. I also don't understand peoples' reluctance to use alternate technologies. "Because that's the way we've always done it" is not a valid excuse in my books and something I'm used to hearing from old dinosaurs in inefficient government agencies. |
| tggzzz:
--- Quote from: Someone on October 12, 2023, 10:24:55 pm --- --- Quote from: tggzzz on October 12, 2023, 10:21:07 am ---I doubt that it is driven by the government; what business is it of theirs? --- End quote --- No, that's exactly what it is. The government is aiming to have no cheques used within their systems by some future date. Right there in the OP: --- Quote from: Halcyon on October 08, 2023, 05:59:13 am ---I learned that the Australian government will be phasing out the use of cheques by no later than 2030. Which to me is still quite late considering the use of cheques in Australia is almost zero today. --- End quote --- --- End quote --- There is a big difference between the Australian government phasing out their usage of cheques (the sentence you quoted), vs the Australian government phasing out all cheques in Austrialia (the sentence after that, which you snipped). --- Quote ---It is almost certainly just to streamline and reduce costs for the government entities producing and accepting cheques. Push that all to fully digital bank transfers and in person card transactions. I like this, while depositing a cheque as an individual isn't too hard, the bizarre ways some government functions expect to be paid (cheque, money order, cash in person) can be a pain as a consumer. So if they will streamline away from paper/manual methods that will be an improvement for me. --- End quote --- I've no problem with an institution stopping using cheques. My objection is to an instution stopping everybody using cheques. |
| tggzzz:
--- Quote from: Halcyon on October 12, 2023, 11:38:09 pm ---Cost is cited as one reason and whilst I don't know what the true cost of processing a cheque is, it's not zero. Some of this cost is passed onto the consumer. --- End quote --- All processing costs are non-zero. All processing costs are passed onto the consumer, directly or indirectly. Hence that contention doesn't hold water. Who will pocket any saved costs? The consumer? Fat chance. --- Quote ---There are many more pitfalls into cheque use then there are positives, that's not an opinion, that's the nature of the technology. --- End quote --- Well, no. "Authorised push payment fraud" is major and increasing fast. That is much easier to perpetrate with "modern technology" than with cheques, because everything happens faster. --- Quote ---As I mentioned earlier, why pay to keep an old and dying technology alive? It makes no sense to me. I used Telex, Fax and old analog phone lines as prime examples of that. I also don't understand peoples' reluctance to use alternate technologies. "Because that's the way we've always done it" is not a valid excuse in my books and something I'm used to hearing from old dinosaurs in inefficient government agencies. --- End quote --- You have been given some use cases. You have repeatedly refused to consider them valid, merely because they are not relevant to you. "There's none so deaf as them's won't hear". |
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