This paper explores the prospects for the uptake of a Central Bank Digital Currency (CBDC) in Australia, focusing on two determinants: (1) the extent to which Australians would value having access to a digital form of money that represents a claim on the RBA, rather than a commercial bank; and (2) the preferences of Australians towards different potential privacy settings of a CBDC. To conduct our exploration, we run a discrete choice experiment in a large, nationally representative survey of consumer payments behaviour in Australia. We estimate that the average Australian puts no value on access to the added safety of a CBDC. Privacy settings look more consequential for uptake, with demand for CBDC likely to be strongest if it can be issued in such a way that only AUSTRAC, Australia’s financial crime authority, can see identity-linked transactions data. To our knowledge, we produce the first estimates of willingness to pay for different CBDC attributes in the literature.