Sunshine Coast police have recently received a number of reports of counterfeit notes being used in the area.
Could you identify a counterfeit banknote?
The Reserve Bank of Australia website provides advice regarding the security features of bank notes.
Some tips to help identify a counterfeit note? (RBA counterfeit banknote detection guide )
1) Is it plastic? Australian bank notes are printed on plastic and have a distinct feel. A fake bank note may feel thicker or thinner than a real banknote. Real bank notes are difficult to start a tear and if scrunched should spring back into shape.
2) Look for the coat of arms. Number 2 in the above diagram shows the position of the Australian Coat of Arms – it should be visible when you hold the banknote to the light.
3) Look for the star: Again whilst holding the banknote to the light you should be able to see a diamond shaped pattern printed inside a circle on both sides of the bank note. The patterns should line up perfectly to form a seven pointed star. (Number 3 in above diagram)
4) Check the clear window: The clear window should be seamlessly integrated into the banknote – not an addition. Also check white image cannot easily be rubbed off. In the $20, $50 and $100 banknotes the value of the note is also printed inside the window (Number 4 in the above diagram).
If you believe that you have been given a counterfeit banknote handle the banknote as little as possible and store it in an envelope, make a note of the circumstances how it came into your possession and report the matter to State or Federal police.
You are within your rights to refuse to accept a banknote if you have concerns about its validity if it is safe to do so.
Technology is available to assist in the detection of counterfeit notes with prices starting from around $100.