CURRENCY ACT 1965

This compilation was prepared on 27 September 2007
taking into account amendments up to Act No. 154 of 2007

The text of any of those amendments not in force
on that date is appended in the Notes section

The operation of amendments that have been incorporated may be
affected by application provisions that are set out in the Notes section

Prepared by the Office of Legislative Drafting and Publishing,
Attorney‑General's Department, Canberra

Contents

Part I--Preliminary 1

1............ Short title [see Note 1]....................................................................... 1

2............ Commencement [see Note 1].............................................................. 1

4............ Interpretation...................................................................................... 1

5............ Extension to external Territories......................................................... 1

6............ Act to bind Crown.............................................................................. 1

Part II--Currency 2

7............ Repeal................................................................................................. 2

8............ Monetary unit and denominations of money..................................... 2

9............ Transactions to be in Australian currency.......................................... 2

10.......... References to previous currency to be construed as references to currency under this Act 3

11.......... Payments to be made in currency under this Act............................... 4

12.......... Forms.................................................................................................. 5

Part III--Coinage 6

13.......... Standard composition of coins........................................................... 6

13A....... Standard weight, design and dimension of coins................................. 7

14.......... Treasurer may issue coins.................................................................. 7

14A....... Issue price of coins of certain denominations..................................... 7

15.......... Treasurer may issue coins under repealed Acts for limited time........ 8

Part IV--Legal tender 9

16.......... Legal tender......................................................................................... 9

17.......... Coins called in not legal tender........................................................... 9

Part V--Transitional provisions 10

18.......... Transactions may be in previous currency during transition period 10

19.......... Payments during and after transition period.................................... 10

20.......... Concurrent legal tender..................................................................... 11

21.......... Duration of section 18...................................................................... 13

Part VI--Miscellaneous 14

22.......... Prohibition of other than official coins............................................. 14

23.......... Coins may be called in...................................................................... 14

24.......... Certain days to be non‑business days for purposes of Bills of Exchange Act 14

25.......... Special provision with respect to certain cheques............................ 14

26.......... Regulations....................................................................................... 15

Schedule--Standard compositions of coins 16

Notes 17

An Act relating to Currency, Coinage and Legal Tender

Notes to the Currency Act 1965

Note 1

The Currency Act 1965 as shown in this compilation comprises Act No. 95, 1965 amended as indicated in the Tables below.

Table of Acts

Act	Number and year	Date of Assent	Date of commencement	Application, saving or 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	Schedule 5 (items 47, 48): Royal Assent	--
Financial Sector Legislation Amendment (Simplifying Regulation and Review) Act 2007	154, 2007	24 Sept 2007	Schedule 4 (items 31-34): Royal Assent	--

Table of Amendments

ad. = added or inserted am. = amended rep. = repealed rs. = repealed and substituted
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
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
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

Commonwealth Consolidated Acts

CURRENCY ACT 1965 - NOTES