Commonwealth Consolidated Acts

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RESERVE BANK ACT 1959 - SECT 44

Other persons not to issue notes

  (1)   A person shall not issue a bill or note for the payment of money payable to bearer on demand and intended for circulation.

Penalty:   50 penalty units.

Note:   Chapter   2 of the Criminal Code sets out the general principles of criminal responsibility.

  (2)   A State shall not issue a bill or note for the payment of money payable to bearer on demand and intended for circulation.

 


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