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CURRENCY ACT 1965 - NOTES

No. 95, 1965

Compilation No. 6

Compilation date:   21 October 2016

Includes amendments up to: Act No. 61, 2016

Registered:    15 November 2016

 

About this compilation

This compilation

This is a compilation of the Currency Act 1965 that shows the text of the law as amended and in force on 21 October 2016 (the compilation date).

The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.

Uncommenced amendments

The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Legislation Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the series page on the Legislation Register for the compiled law.

Application, saving and transitional provisions for provisions and amendments

If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.

Editorial changes

For more information about any editorial changes made in this compilation, see the endnotes.

Modifications

If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the series page on the Legislation Register for the compiled law.

Self-repealing provisions

If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.

 

 

 

Contents

Part I--Preliminary

1 Short title

2 Commencement

4 Interpretation

5 Extension to external Territories

6 Act binds the Crown

Part II--Currency

7 Repeal

8 Monetary unit and denominations of money

9 Transactions to be in Australian currency

10 References to previous currency to be construed as references to currency under this Act

11 Payments to be made in currency under this Act

12 Forms

Part III--Coinage

13 Standard composition of coins

13A Standard weight, design and dimension of coins

14 Treasurer may issue coins

14A Issue price of coins of certain denominations

15 Treasurer may issue coins under repealed Acts for limited time

Part IV--Legal tender

16 Legal tender

17 Coins called in not legal tender

Part V--Transitional provisions

18 Transactions may be in previous currency during transition period

19 Payments during and after transition period

20 Concurrent legal tender

21 Duration of section 18

Part VI--Miscellaneous

22 Prohibition of other than official coins

23 Coins may be called in

24 Certain days to be non-business days for purposes of Bills of Exchange Act

25 Special provision with respect to certain cheques

26 Regulations

Schedule--Standard compositions of coins

Endnotes

Endnote 1--About the endnotes

Endnote 2--Abbreviation key

Endnote 3--Legislation history

Endnote 4--Amendment history

Endnotes

Endnote 1--About the endnotes

The endnotes provide information about this compilation and the compiled law.

The following endnotes are included in every compilation:

Endnote 1--About the endnotes

Endnote 2--Abbreviation key

Endnote 3--Legislation history

Endnote 4--Amendment history

Abbreviation key--Endnote 2

The abbreviation key sets out abbreviations that may be used in the endnotes.

Legislation history and amendment history--Endnotes 3 and 4

Amending laws are annotated in the legislation history and amendment history.

The legislation history in endnote 3 provides information about each law that has amended (or will amend) the compiled law. The information includes commencement details for amending laws and details of any application, saving or transitional provisions that are not included in this compilation.

The amendment history in endnote 4 provides information about amendments at the provision (generally section or equivalent) level. It also includes information about any provision of the compiled law that has been repealed in accordance with a provision of the law.

Editorial changes

The Legislation Act 2003 authorises First Parliamentary Counsel to make editorial and presentational changes to a compiled law in preparing a compilation of the law for registration. The changes must not change the effect of the law. Editorial changes take effect from the compilation registration date.

If the compilation includes editorial changes, the endnotes include a brief outline of the changes in general terms. Full details of any changes can be obtained from the Office of Parliamentary Counsel.

Misdescribed amendments

A misdescribed amendment is an amendment that does not accurately describe the amendment to be made. If, despite the misdescription, the amendment can be given effect as intended, the amendment is incorporated into the compiled law and the abbreviation "(md)" added to the details of the amendment included in the amendment history.

If a misdescribed amendment cannot be given effect as intended, the abbreviation "(md not incorp)" is added to the details of the amendment included in the amendment history.

Endnote 2--Abbreviation key

 

ad = added or inserted

o = order(s)

am = amended

Ord = Ordinance

amdt = amendment

orig = original

c = clause(s)

par = paragraph(s)/subparagraph(s)

C[x] = Compilation No. x

    /sub-subparagraph(s)

Ch = Chapter(s)

pres = present

def = definition(s)

prev = previous

Dict = Dictionary

(prev ... ) = previously

disallowed = disallowed by Parliament

Pt = Part(s)

Div = Division(s)

r = regulation(s)/rule(s)

ed = editorial change

reloc = relocated

exp = expires/expired or ceases/ceased to have

renum = renumbered

    effect

rep = repealed

F = Federal Register of Legislation

rs = repealed and substituted

gaz = gazette

s = section(s)/subsection(s)

LA = Legislation Act 2003

Sch = Schedule(s)

LIA = Legislative Instruments Act 2003

Sdiv = Subdivision(s)

(md) = misdescribed amendment can be given

SLI = Select Legislative Instrument

    effect

SR = Statutory Rules

(md not incorp) = misdescribed amendment

Sub-Ch = Sub-Chapter(s)

    cannot be given effect

SubPt = Subpart(s)

mod = modified/modification

underlining = whole or part not

No. = Number(s)

    commenced or to be commenced

 

Endnote 3--Legislation history

 

Act

Number and year

Assent

Commencement

Application, saving and transitional provisions

Currency Act 1965

95, 1965

10 Dec 1965

Part I and s. 24: Royal Assent
Remainder: 14 Feb 1966

 

Currency Act 1969

4, 1969

8 Apr 1969

8 Apr 1969

--

Statute Law Revision Act 1973

216, 1973

19 Dec 1973

31 Dec 1973

s. 9(1)

as amended by

 

 

 

 

Statute Law Revision Act 1974

20, 1974

25 July 1974

31 Dec 1973

--

Currency Amendment Act 1980

17, 1980

23 Apr 1980

23 Apr 1980

--

Currency Amendment Act 1981

11, 1981

25 Mar 1981

25 Mar 1981

--

Statute Law (Miscellaneous Provisions) Act 1987

141, 1987

18 Dec 1987

s. 3: Royal Assent

s. 5(1)

Financial Legislation Amendment Act 1992

11, 1992

13 Mar 1992

13 Mar 1992

s. 6

Statute Law Revision Act 1996

43, 1996

25 Oct 1996

Sch 5 (items 47, 48): 25 Oct 1996 (s 2(1))

--

Financial Sector Legislation Amendment (Simplifying Regulation and Review) Act 2007

154, 2007

24 Sept 2007

Sch 4 (items 31-34): 24 Sept 2007 (s 2(1) item 7)

--

Statute Law Revision Act (No. 2) 2015

145, 2015

12 Nov 2015

Sch 3 (item 11): 10 Dec 2015 (s 2(1) item 7)

--

Statute Update Act 2016

61, 2016

23 Sept 2016

Sch 1 (item 190): 21 Oct 2016 (s 2(1) item 1)

--

Endnote 4--Amendment history

 

Provision affected

How affected

Part I

 

s. 2.....................

am. No. 17, 1980

s. 3.....................

rep. No. 216, 1973

ss. 4, 5..................

am. No. 216, 1973; No. 17, 1980

s. 6.....................

am. No. 17, 1980

 

rs No 145, 2015

Part II

 

s. 10....................

am. No. 216, 1973 (as am. by No. 20, 1974); No. 17, 1980

ss. 11, 12.................

am. No. 17, 1980

Part III

 

s. 13....................

am. No. 11, 1981; No. 141, 1987

 

rs. No. 11, 1992

 

am. No. 154, 2007

s. 13A...................

ad. No. 11, 1992

 

am. No. 154, 2007

s. 14....................

am. No. 4, 1969; No. 17, 1980; No. 11, 1981; No. 141, 1987; No. 11, 1992

s. 14A...................

ad. No. 17, 1980

 

am. No. 11, 1981; No. 141, 1987; No. 43, 1996

s. 15....................

am. No. 17, 1980

Part IV

 

s. 16....................

am. No. 17, 1980; No. 11, 1981

s. 17....................

am. No. 17, 1980

Part V

 

ss. 18-20.................

am. No. 17, 1980

Part VI

 

s 22....................

am No 61, 2016

ss. 23-25.................

am. No. 17, 1980

Schedule

 

Heading to Schedule.........

rs. No. 17, 1980

The Schedule..............

am. No. 4, 1969

Schedule.................

am. No. 17, 1980; No. 11, 1981

 


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