Not entirely incorrect, Yuyutsu, but not particularly correct either.

>>It is my understanding (can someone please correct me if I'm wrong) that currently in Australia, if you print your own money, you are still expected to pay tax on it in *real* Australian Dollars, even if you never had any.<<

You cannot be taxed on the actual printed dollars. But if you run a business where you use the currency as a substitute for real money - i.e., you use it as a medium of exchange in lieu of A$, then you are likely to be taxed on the actual A$ value that you create.

So no, you can't be taxed just on the existence of the printed stuff, but yes, you can be taxed on income that you personally measure (and are paid) in Yuyutsu dollars, but which the taxman assesses in the Australian variety.

Frankly, I don't see much point in these vanity currencies. Even the Bristol Pound - which you can use to pay your council rates - has this teensy little caveat:

"Bristol Pounds can not be exchanged directly for sterling"

Seems rather to miss the point of having currency in the first place.

Those Moreton Bay Islands share a lot in common with the Hinterland and South Tweed. There needs to be an outreach service from Wonderful Centrelink so the good residents don't have to ruin their day travelling for interviews.

What about a combination meals on wheels from Maccas and Wonderful Centrelink Outreach?

If they could pick up the VB slabs and bourbon on the way, mind.

Given that Bristols is a rhyming slang term... does that make Bristol Pounds a décolletage weight measure?

Moving on.

Does anyone know the current exchange rate between Yuyutsu dollars and Jardine dollars?

I never saw any centrelink people out on the bay islands onthebeach, the folk out there weren't that favored.

Where there were centrelink people traveling to the poor underprivileged was to the greenie protesters on Fraser Island. It was considered too much of a hardship for those up trees or buried neck deep in roads to have to travel to Maryborough to the CES office, so the public servants went to them. They even carried folding money for them.

Some of us wondered how the smelly ones fulfilled the requirement to apply for a number of jobs each week, but it seems that is only for real people.

Since when does being "residents" of an area entitle one to "secede"?
Even the official states aren't allowed ("one indissoluble Federal Commonwealth").

I hope they realise they will have no claim on anything funded by the Australian or Queensland governments for our citizens (defence, Medicare, Centrelink, disaster relief, legal aid).

Needing a passport and alternate currency may in fact kill any tourism they currently have. There are easier destinations.

There are less than 500 residents, only a third working full time.
Good luck, kids.

It quite honestly is never going to happen.
Past hut, I think that was the name was telling us it was separate .
Imagine if, unthinkable but just say, it got government approval.
Instantly it would be a tax have for billions of our tax dollars.
We would need agreement to get criminals back, without that it too would become a haven.
Has beens description may well be true, and while imaginations run wild here those getting sit down money would starve.