Counterfeit money to be rendered incapable of use
28 Counterfeit money to be rendered incapable of use
Where a person charged with the receipt or disbursement of public moneys or an officer of an ADI or of the Reserve Bank Service is presented with non‑excepted counterfeit money at his or her place of business, he or she shall:
to the extent that the counterfeit money consists of paper money—stamp or write in plain letters the word “counterfeit” upon each face of each item of that paper money that is so presented to him or her; and
to the extent that the counterfeit money consists of coins—cause each such coin that is so presented to him or her to be forwarded to the Royal Australian Mint as soon as practicable after it is received by him or her.
Where the Royal Australian Mint receives a counterfeit coin (not being an excepted counterfeit coin) forwarded to it, whether in pursuance of subsection (1) or in any other manner, the officer in charge of the Mint shall cause the coin to be rendered incapable of use.
In subsection (1):
ADI (authorised deposit‑taking institution) means a body corporate that is an ADI for the purposes of the Banking Act 1959.
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