Currency Act 1965

Subject to paragraph (2)(a), the standard composition of the coins of the denominations specified in the Schedule is as specified in the Schedule.

The Treasurer may, by legislative instrument, determine that this Act is to have effect, on and after a day specified in the determination, as if:

a reference in the Schedule, opposite to the denomination of a coin, to the standard composition of coins of that denomination were a reference to such other standard composition as is specified in the determination; or

there were included in the Schedule a reference to a denomination of money specified in the determination and there were specified in the Schedule opposite to that denomination, as the standard composition of coins of that denomination, the standard composition that is specified in the determination.

Where a determination is made for the purposes of paragraph (2)(a), then, on and after the day specified in the determination and while the determination remains in force, there is taken to be specified in the Schedule, opposite to the denomination mentioned in the determination, such other standard composition as is mentioned in the determination instead of, or in addition to, the standard composition that is, or is taken to be, specified in the Schedule immediately before that day.

Where a determination is made for the purposes of paragraph (2)(b), then, on and after the day specified in the determination and while the determination remains in force:

the denomination of money specified in the determination is taken to be specified in the Schedule; and

the standard composition specified in the determination is taken to be specified in the Schedule opposite to that denomination.

The Treasurer may specify in a determination more than one standard composition in relation to a coin of a particular denomination.