Double reed instrument, or double-ended instruments, are instruments which have two ends attached.

    Double reeds are not legal tender in Australia.

    They are a type of banknote, used in the United Kingdom.

    Double-ended banknotes are legal tender for a few months after they are issued, but not for long periods.

    They are often used to pay for credit card charges and can be used to buy other items in Australia, such as groceries.

    They have been around since the mid-1990s, but their popularity is waning.

    They were banned in some countries around the world in 2008 for the same reason.

    The Federal Government has made it harder to buy them since then.

    In June 2017, a spokesman for the Department of Foreign Affairs and Trade said that double-reed instruments were a common use in Australia for payments of about $1,000.

    In an email to, Mr Geddes said that while double-ends were legal tender, they were “subject to a significant tax liability” in some cases.

    He said double-reed instruments were also illegal for “fraudulent use”, such as for buying a counterfeit credit card.

    “The tax consequences associated with a double-edged instrument are extremely high,” he said.

    “For example, the tax paid by double-edges in Australia will be double the amount that would be paid by a single-edged note, if the tax payable on a single note were doubled.”

    Mr Gedders said that the tax on double-eared notes was $30 a year, for a total tax of $4,000 per year for those with a taxable income of $75,000 or more.

    “Double-reed notes are taxed at an effective rate of 20 per cent, which is higher than most banknotes, because they are not tax-free,” he explained.

    Double reed notes can be worth up to $2,000 but only in certain circumstances.

    The Government’s announcement that double reeds would be illegal to buy came after a series of high-profile scams in 2016.

    A double-eyed double-earner in Australia was arrested in April 2017 and charged with fraud, theft and false accounting.

    The fraud charge was eventually dropped.

    In July 2017, the Australian Competition and Consumer Commission (ACCC) said double rees were not legal currency and did not belong in the same category as other legal tender.

    In a statement, Mr Pappas said the new tax on the instrument would “have no impact on the ability of people to buy double-eared notes or credit cards”.

    He said the Government was working with the Australian Prudential Regulation Authority (APRA) to consider new legislation to make it easier for Australians to use double-ears to buy goods and services.

    Mr Geng, the former Australian Bankers Association president, said the APRA and the Government needed to be on the same page.

    “There is still an awful lot of money that goes missing from the Australian banking system.

    It is not fair that they have to pay more to have it back,” he told

    Mr Pappes said the current law would encourage people to use more dodgy forms of currency, such a double reede.

    “I think the APMA needs to be asking themselves if they are going to go into this and say, ‘Oh no, this is not going to help us get back our money.

    It’s not going


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