Commonwealth Consolidated Acts

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CURRENCY ACT 1965 - SECT 18

Transactions may be in previous currency during transition period

  (1)   Notwithstanding the provisions of Part   II, a payment, a sale or a security for money, or any other contract, agreement, deed, instrument, transaction, dealing, matter or thing relating to money, or involving the payment of, or a liability to pay, money (but not including a bill of exchange or promissory note), that is made, executed, entered into or done may be made, executed, entered into or done according to the currency provided for by the repealed Acts.

  (2)   Section   10 does not, before the date fixed by Proclamation in pursuance of section   21, apply in relation to:

  (a)   a reference to an amount of money in the currency provided for by the repealed Acts in a security for money, contract, agreement, deed or other instrument executed or entered into in pursuance of subsection   ( 1); or

  (b)   a reference in any other manner to an amount of money in the currency provided for by the repealed Acts, being a reference made in pursuance of subsection   ( 1).


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