A total of 40,613 counterfeit banknotes were detected in Australia in the 12 months to March this year, with the detection rate at its highest level since June 2018. Authorities have warned that the quality of counterfeit notes has also improved. People who handle cash should know how to check notes by feel, by holding them up to the light and by tilting them, as well as how to report suspected counterfeits.
If you discounted a forged promissory note and suffered losses, the Supreme Court rules you can still claim damages even if you failed to fulfill formal recourse requirements.
