Checks Will Be Phased Out in Australia By 2030

Australia is set to be a cheque-less society by the end of the decade, if the federal government has its way. From a report Treasurer Jim Chalmers announced on Wednesday morning that his government would be moving to phase out cheques by no later than 2030. "We know that usage of cheques has been declining," he said. "This is largely because digital transactions are easier, cheaper and more accessible. "In fact, 98 per cent of retail cheques could be serviced through internet or mobile banking."