The business section of SMG reports that cheques are obsolete and are being phased out.
The following quote is taken off the Reserve Bank of Australia website:
The decline in the use of both cheques and cash in Australia provides a useful context for discussion of innovation. Each of these two instruments has its own distinct attributes that have contributed to its popularity as a payment method over many years, though the issues associated with declining usage differ between the two instruments.
But in the Trust cheques seem to remain popular! About a third of membership payments are received as cheques, almost all the rest being by EFT. One of the issues for the Trust treasurer is that the BCCT constitution demands two signatures on disbursements, so there would probably have to be a constitution change to implement 21st century banking.
Subscribe to:
Post Comments (Atom)
i really love your blogs because its amazing and beautiful. keep posting more
ReplyDeleteThey recommended PCX Dallas Network Support
It's informative.
ReplyDeleteWowed by Cloud Contact Center
My partner and i enjoyed your Prisma Colouring through the envision Had not been a fantastic pad? Would you signify which inturn type has been them (Amazon online probably)? I needed a great lasting dog pen with regard to autographs although with darkish document. https://imgur.com/a/no3tf4e https://imgur.com/a/PxDlz8C http://bjmv2a4lrj.dip.jp http://ap5bzneaxx.dip.jp https://imgur.com/a/i1bqvU5 https://imgur.com/a/Pd8LAP7 https://imgur.com/a/Wm8l6yt
ReplyDelete