Western Australian Consolidated Acts Western Australian Consolidated Acts (1) Subject to
section 4 and to subsections (2), (3) and (4) of this section,
a reference in a law of the State to an amount of money in terms of the old
currency shall, unless the context is such that it would be inappropriate or
the contrary intention appears, be read and construed as a reference to a
corresponding amount of money in terms of the new currency calculated on the
basis of the equivalents specified in subsection (4) of section 8 of
the Commonwealth Currency Act.
(2) Where such a
reference as is referred to in subsection (1) is to a percentage or
other proportion expressed in terms of money, that reference however expressed
shall be read and construed as a reference to an equivalent percentage or
other proportion expressed in terms of money in the new currency.
(3) A provision in any
law of the State that an amount of money shall be calculated to the nearest
pound, to the nearest shilling, or to the nearest penny shall be read and
construed as a provision that such amount shall be
calculated —
(a) to
the nearest dollar, in the case of a reference to the nearest pound;
(b) to
the amount of 10 cents or the nearest multiple of 10 cents, in the case
of a reference to the nearest shilling; and
(c) to
the nearest cent, in the case of a reference to the nearest penny.
(4) For the purposes
of this section a guinea is one pound one shilling in denominations of
money in the old currency.
(5) For facilitating
the construction of this section —
(a) the
equivalents that are specified in subsection (4) of section 8 of the
Commonwealth Currency Act are set out in Part A of the Second Schedule to
this Act;
(b)
examples of the manner of expression, where applicable, of equivalent
percentages and other proportions of money in the new currency to which
percentages and other proportions expressed in terms of money in the old
currency are construed to refer by reason of subsection (2), are set out
in Part B of the Second Schedule.