Local law enforcement bodies have noticed an increased number of counterfeit banknotes circulating the Northern Rivers area. Unfortunately, these notes are often not identified as fakes until presented to a cashier or bank staff, leaving business and consumers short.
How to spot a counterfeit banknote:
All Australian banknotes have various security features, which can be used to help determine a notes authenticity. Always be sure to check a range of features – don’t rely on only one or two.
All banknote security features are outlined it the Reserve Bank of Australia’s infographic below:
What to do if you come across a counterfeit:
- Handle the suspect banknote as little as possible and store it in an envelope
- Note any relevant information, such as how it came into your possession
- Report the matter immediately to State or Federal police
Remember, you are well within your rights to refuse to accept a banknote if you have concerns about it.
For further information about counterfeit banknotes, you can visit the Reserve Bank of Australia’s website at https://banknotes.rba.gov.au