SUBMISSION FOR CASH TRANSACTIONS
The government called for submission about making cash payments over 10,000 being a possible criminal offence. I rang several members about whether we should make a submission and the result was mixed with many wanting to make a comment but worried about drawing attention to the nature of our industry. I decided to make a submission which is attached.Thousands of submissions were received by the senate committee and i was surprised to see that the ABC online news quoted some details in the submission.
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A Senate inquiry into the Federal Government’s bill to ban cash payments of $10,000 hears that the proposed changes may actually increase black economy activity rather than fight it.
www.abc.net.au
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MINTABIE CLOSURE
As i understand the town will be closed at the end of December and there has been compensation offered to the residents. The good news is that mining can continue but miners may have to move to local towns but there is a possibility the may be able to stay on the field which is more practicable. Opal buyers will still be able to visit but i suggest you ring a local miner before hand. Not a bad out come but there has been some high legal fees.
Wishing all members a merry Christmas and a safe new year.
Lets all just promote the beauty of our opal!
Kind Regards
Paul Sedawie
President of the Opal Association
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