Fact Sheets

Phasing out cheques in Australia by 2029 – a guide for small to medium businesses

May 6, 2025

The Australian Government has announced that cheques will be phased out by 30 September 2029. This reform is part of a broader effort to modernise the payments system and reduce reliance on outdated, costly methods of transaction. Cheque usage has dropped by over 90% in the past decade, and digital alternatives now offer faster, more secure ways to pay.

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