Currency Act 1965

This section has effect notwithstanding section 16.

A tender of payment of money is a legal tender if it is made in coins that are made and issued under this Act and are of current weight:

in the case of coins of the denomination of Five cents, Ten cents, Twenty cents or Fifty cents—for payment of an amount not exceeding Two pounds ten shillings but for no greater amount; and

in the case of any other coins—for payment of an amount not exceeding Two shillings but for no greater amount.

A tender of payment of money is a legal tender if it is made in coins that are referred to in the repealed Acts and are of current weight:

in the case of bronze coins—for payment of an amount not exceeding Twenty cents or Two shillings but for no greater amounts; and

in the case of any other coins—for payment of an amount not exceeding Five dollars or Two pounds ten shillings but for no greater amount.

A tender of payment of money is a legal tender if it is made partly in coins that are referred to in the repealed Acts and are of current weight and partly in coins that are made and issued under this Act and are of current weight:

in the case of a tender partly in coins (other than bronze coins) referred to in the repealed Acts and partly in coins of the denomination of Five cents, Ten cents, Twenty cents or Fifty cents made and issued under this Act—for payment of an amount not exceeding Five dollars or Two pounds ten shillings but for no greater amount; and

in the case of any other coins—for payment of an amount not exceeding Twenty cents or Two shillings but for no greater amount.

Subject to subsection (7) and notwithstanding the preceding provisions of this section, several coins of one or more of the denominations of Threepence, One penny or One half‑penny of a value of Sixpence, One shilling, One shilling and sixpence or Two shillings are a legal tender for the payment of an amount of Five cents, Ten cents, Fifteen cents or Twenty cents respectively, but a coin, or a number of coins, of any of those denominations is not otherwise a legal tender for the payment of an amount of money in the currency provided for by this Act.

Subject to subsection (7) and notwithstanding the preceding provisions of this section, for the purpose of making, before the date fixed in pursuance of section 21, a payment that is referred to in paragraph (a) of subsection (1) of section 19, several coins of either or both of the denominations of Two cents and One cent of a value of Five cents, Ten cents, Fifteen cents or Twenty cents are a legal tender for the payment of an amount of Sixpence, One shilling, One shilling and sixpence or Two shillings respectively, but a coin, or a number of coins, of any of those denominations is not otherwise a legal tender for the payment of an amount of money in the currency provided for by the repealed Acts.

Subsections (5) and (6) do not apply in relation to a payment for the remuneration of an employee whether the remuneration is by way of salary, wages, commission or otherwise.

For the purposes of this section, the value of a coin of the denomination specified in the first column of the following table shall be taken to be equivalent to the value of the coin of the denomination specified in the second column of that table opposite to the description of the first‑mentioned coin:

For the purposes of this section, a coin shall be deemed to be not of current weight if it has become diminished in weight by wear or otherwise so as to be of less weight than the weight prescribed as the least current weight of that coin.

The references to coins in subsections (2), (3), (4), (5) and (6) do not include references to coins that have been called in in pursuance of this Act or the repealed Acts.