Counterfeit banknotes detected on the Gold Coast

GOLD Coast police say they are aware of counterfeit banknotes being passed at local businesses across the city.

The banknotes are said to be predominantly $50 notes and in most instances, were either being used to purchase goods or broken down into smaller denominations.

“Although at face value this crime does not appear to impact most of us on a personal level, unless of course we are a business owner, it does inadvertently affect us with an increase in the cost price of goods to cover losses (as it does with shop stealing),” police said in a statement.


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“And needless to say, it’s against the Law! The last thing we want is an ambivalent attitude that facilitates these people getting something for nothing while the rest of us have to handover our hard earned cash.”

If you have any information in relation to the manufacture or distribution of counterfeit money on the Gold Coast, or anywhere for that matter, please contact local or federal police, Policelink on 131 444 or Crime Stoppers on 1800 333 000.

WHAT TO BE ON THE LOOKOUT FOR: There are number of unique features present on our banknotes and they include the following

1. Is it Plastic? > It is difficult to start a tear along the edge of a genuine banknote.  In addition, you shouldn’t be able to scrunch a genuine banknote with your hand, it should spring back.

2. Check the Clear Window > It should be part of the banknote, not an addition.  The white image printed in this window should not be easily scratched off using a fingernail.  Also present in this window is embossing, on the $10 banknote there is a wave pattern, on the $20, $50 and $100 banknotes the value of the banknote should be found.

3. Look for the Coat of Arms > When you hold a banknote to the light you should see the Australian Coat of Arms.

4. Look for the Star > Diamond-shaped patterns are printed inside a circle on both sides of the banknote.  When you hold the banknote to the light the patterns should line up perfectly to form a seven-point star.

5. Feel the dark printing > Banknotes are produced with a special raised ink that can be felt with your finger.

6. Check the print quality > The background printing is sharp with clearly defined patterns, lines and colour differences.

7. Look for the Microprinting > Under a magnifying glass you will see tiny, clearly defined words on the top left corner of the $5 banknote and near the portraits on the other banknotes.

8. Look at the banknote under UV light > The areas of the banknote that are fluorescent is a patch on the $5 banknote and a patch on the $20, $50 and $100 banknotes that also shows the relevant value.

For further information please contact the Reserve Bank on ph: 1800 633 220, email nienquiries@rba.gov.au or view website www.rba.gov.au/banknotes

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