Cash deposits of any size into a bank account will be fine, even if single cash payments to a business cannot exceed A$10,000.There will be no impediment on the ability of individuals, businesses to deposit large amounts of cash with their bank or to deposit cash in paying off loans with a financial institution, Treasury said in a consultation over the planned cap on cash purchases, announced in this month's budget. "A business would not be prevented from depositing cash takings in excess of $10,000 into their financial institution," this document says. "In such cases, deposits do not represent a payment to the financial institution for providing a service. Such payments of $10,000 or more, however, would still be subject to the AML/CTF reporting requirements. "We are seeking information on any particular industry or type of transaction that is frequently conducted using large amounts of cash and that are unable to be made through the electronic payment system."The Government announced the introduction of an economy-wide cash payment limit of $10,000 as part of the 2018-19 Budget, applicable to payments made to businesses for goods and services from 1 July 2019. Transactions in excess of this amount would need to be made using the electronic payment system or by cheque.