Commonwealth Consolidated Regulations

CURRENCY REGULATIONS - REG 7

(1)

The Act shall have effect, on and after 1 March 1984, as if:

(a)

there were included in the Schedule to the Act a reference to a denomination of `One dollar'; and

(b)

there were specified in that Schedule opposite to that denomination, as the standard composition of coins of that denomination, the standard composition `copper, aluminium and nickel'.

(2)

The Act shall have effect, on and after 12 December 1986, as if:

(a)

the reference in the Schedule to the Act, opposite to the reference to the denomination `One hundred dollars', to the standard composition of coins of that denomination were a reference to the standard composition `not less than 99.99% gold';

(b)

the reference in that Schedule, opposite to the reference to the denomination `Fifty dollars', to the standard composition of coins of that denomination were a reference to the standard composition `not less than 99.99% gold';

(c)

the reference in that Schedule, opposite to the reference to the denomination `Twenty-five dollars', to the standard composition of coins of that denomination were a reference to the standard composition `not less than 99.99% gold';

(d)

there were included in that Schedule a reference to a denomination of `Fifteen dollars'; and

(e)

there were specified in that Schedule opposite to the denomination of `Fifteen dollars', as the standard composition of coins of that denomination, the standard composition `not less than 99.99% gold'.

(3)

The Act shall have effect, on and after 1 January 1988, as if:

(a)

there were included in the Schedule to the Act a reference to a denomination of `Two dollars';

(b)

there were specified in that Schedule opposite to that denomination of $2, as the standard composition of coins of that denomination, the standard composition `copper, aluminium and nickel';

(c)

there were included in the Schedule to the Act a reference to a denomination of `Five dollars'; and

(d)

there were specified in that Schedule opposite to that denomination of $5, as the standard composition of coins of that denomination, the standard composition `copper, aluminium and nickel'.

(4)

The Act shall have effect, on and after 20 June 1988, as if:

(a)

the reference in the Schedule to the Act, opposite to the reference to the denomination `Five dollars', to the standard composition of coins of that denomination were a reference to the standard compositions `copper, aluminium and nickel' and `92.5% silver and 7.5% other metal';

(b)

the reference in that Schedule, opposite to the reference to the denomination `Two dollars', to the standard composition of coins of that denomination were a reference to the standard compositions `copper, aluminium and nickel' and `92.5% silver and 7.5% other metal';

(c)

the reference in that Schedule, opposite to the reference to the denomination `One dollar', to the standard composition of coins of that denomination were a reference to the standard compositions `copper, aluminium and nickel' and `92.5% silver and 7.5% other metal'; and

(d)

the reference in that Schedule, opposite to the reference to the denomination `Fifty cents', to the standard composition of coins of that denomination were a reference to the standard compositions `copper and nickel' and `92.5% silver and 7.5% other metal'.

(5)

The Act shall have effect, on and after 23 August 1988, as if:

(a)

the reference in the Schedule to the Act, opposite to the reference to the denomination `One hundred dollars', to the standard composition of coins of that denomination were a reference to the standard compositions `not less than 99.99% gold' and `not less than 99.95% platinum';

(b)

the reference in that Schedule, opposite to the reference to the denomination `Fifty dollars', to the standard composition of coins of that denomination were a reference to the standard compositions `not less than 99.99% gold' and `not less than 99.95% platinum';

(c)

the reference in that Schedule, opposite to the reference to the denomination `Twenty-Five dollars', to the standard composition of coins of that denomination were a reference to the standard compositions `not less than 99.99% gold' and `not less than 99.95% platinum';

(d)

the reference in that Schedule, opposite to the reference to the denomination `Fifteen dollars', to the standard composition of coins of that denomination were a reference to the standard compositions `not less than 99.99%' and `not less than 99.95% platinum';

(e)

the reference in that Schedule, opposite to the reference to the denomination `One dollar', to the standard composition of coins of that denomination were a reference to the standard compositions `copper, aluminium and nickel', `92.5% silver and 7.5% other metal' and `not less than 99.9% silver';

(f)

there were included in that Schedule a reference to a denomination of `Twenty-five cents'; and

(g)

there were specified in that Schedule opposite to that denomination of Twenty-five cents, as the standard composition of coins of that denomination, the standard composition `not less than 99.9% silver'.

(6)

The Act has effect, on and after 28 August 1989, as if the reference in the Schedule to the Act, opposite to the reference to the denomination `Five dollars', to the standard composition of coins of that denomination were a reference to the standard compositions `copper, aluminium and nickel', `92.5% silver and 7.5% other metal' and `not less than 99.99% gold'.

(7)

The Act has effect, on and after 31 October 1989, as if the reference in the Schedule to the Act, opposite to the reference to the denomination `Five dollars', to the standard composition of coins of that denomination were a reference to the standard compositions `copper, aluminium and nickel', `92.5% silver and 7.5% other metal', `not less than 99.99% gold', `not less than 99.95% platinum' and `not less than 99.9% silver'.

(8)

The Act has effect, on and after 2 January 1991, as if:

(a)

there were included in the Schedule to the Act a reference to a denomination of `Ten thousand dollars'; and

(b)

there were specified in that Schedule opposite to that denomination of $10,000, as the standard composition of that denomination, the expressions `not less than 99.99% gold' and `not less than 99.95% platinum'; and

(c)

there were included in the Schedule to the Act a reference to a denomination of `Two thousand five hundred dollars'; and

(d)

there were specified in that Schedule opposite to that denomination of $2,500 as the standard composition of coins of that denomination, the expression `not less than 99.99% gold' and `not less than 99.95% platinum'; and

(e)

there were included in the Schedule to the Act a reference to a denomination of `Five hundred dollars'; and

(f)

there were specified in that Schedule opposite to that denomination of $500, as the standard composition of coins of that denomination, the expression `not less than 99.99% gold' and `not less than 99.95% platinum'; and

(g)

there were included in the Schedule to the Act a reference to a denomination of `One hundred and fifty dollars'; and

(h)

there were specified in that Schedule opposite to that denomination of $150, as the standard composition of coins of that denomination, the expression `not less than 99.9% silver'; and

(i)

the reference in the Schedule to the Act, opposite to the reference to the denomination `Fifty dollars', to the expressions of coins of that denomination included the expressions `not less than 99.99% gold', `Not less than 99.95% platinium' and `not less than 99.9% silver'; and

(j)

the reference in the Schedule, opposite to the reference to the denomination `Ten dollars', to the standard composition of coins of that denomination included the expressions `92.5% silver and 7.5% other metal' and `not less than 99.9% silver'.

(9)

The Act has effect, on and after 21 November 1991, as if:

(a)

there were specified in the Schedule to the Act a reference to a denomination of `Three thousand dollars'; and

(b)

there were specified in that Schedule, opposite to that denomination of $3,000 as the standard composition of coins of that denomination, the expressions `not less than 99.99% gold' and `not less than 99.95% platinum'; and

(c)

there were specified in that Schedule a reference to a denomination of `One thousand dollars'; and

(d)

there were specified in that Schedule, opposite to that denomination of $1,000 as the standard composition of coins of that denomination the expressions `not less than 99.99% gold' and `not less than 99.95% platinum'; and

(e)

the reference in that Schedule, opposite to the reference to the denomination `TWO HUNDRED DOLLARS', as the standard composition of coins of that denomination, included the expressions `99.99% gold' and `99.95% platinum'; and

(f)

there were specified in that Schedule a reference to a denomination of `Thirty dollars'; and

(g)

there were specified in that Schedule, opposite to that denomination of $30 as the standard composition of coins of that denomination, the expression `not less than 99.9% silver'; and

(h)

the references in that Schedule, opposite to the references to the denominations `Ten dollars', `Two dollars' and `One dollar' to the standard composition of coins of each of those denominations, each included the expression `99.9% silver'.

(10)

The Act has effect, on and after 10 October 1991, as if:

(a)

the reference in the Schedule, opposite to the reference to `Twenty cents', to the standard composition of coins of that denomination included the expression `92.5% silver and 7.5% other metal'; and

(b)

the reference in the Schedule, opposite to the reference to `Ten cents', to the standard composition of coins of that denomination included the expression `92.5% silver and 7.5% other metal'; and

(c)

the reference in the Schedule, opposite to the reference to `Five cents', to the standard composition of coins of that denomination included the expression `92.5% silver and 7.5% other metal'; and

(d)

the reference in the Schedule, opposite to the reference to `Two cents', to the standard composition of coins of that denomination included the expression `92.5% silver and 7.5% other metal'; and

(e)

the reference in the Schedule, opposite to the reference to `One cent', to the standard composition of coins of that denomination included the expression `92.5% silver and 7.5% other metal'.