Opal Association News Letter

Dear Members

Cash limits

The Senate standing Committee on economics has asked for submissions in regards to the $10,000 cash limit on transactions.

Please read the attached article and if you feel inclined to comment,  you are welcome to respond to the Senate with your concerns.

They are suggesting 2 years jail or 25,000 fines for amounts over $10,000 .

As i understand it this would only apply to those holding a ABN. So any drug or criminal gang wouldn’t have an ABN. I imagine any small business or even a miner wouldn’t register with such heavy penalties.

I also feel the Opal association should reply stating our objections to this proposed law. 10,000 $ cash transactions are already reported to the government.

https://www.abc.net.au/news/2019-10-25/cash-ban-law-under-inqury-post-mp-concerns-on-freedom-breach/11640124

Senate Standing Committees on Economics
PO Box 6100
Parliament House
Canberra ACT 2600

Phone: +61 2 6277 3540
Fax: +61 2 6277 5719
[email protected]

TUCSON SHOW GUIDE

Last year the Opal association paid for this advertisement in the Tucson show guide.

I would like some feedback from members asap if we should do the same this year.

Some members last year mentioned they would like to see some social media marketing for members at the Tucson show. The cost is 2400 USD.

Please give a indication if you want us  to continue promoting the Tucson show and the Australian opal circuit.

Should we do a new layout or use this one?

Kind Regards

Paul Sedawie

President of the Opal Association