Decimal Currency Act 1965

Subject to section 6 and to this section, a reference in any Act or statutory instrument to an amount of money in 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 the new currency calculated on the basis of the equivalents specified in subsection (4) of section 8 of the Commonwealth Currency Act.

Where any such reference as is mentioned in subsection (1) of this section is to a percentage or other proportion expressed in terms of money in the old currency, that reference however expressed shall be read and construed as a reference to an equivalent percentage or proportion expressed in terms of money in the new currency.

Where any Act or statutory instrument contains, prescribes, or provides for, a form that refers to an amount of money in the old currency or a form that provides for an amount of money to be specified in that currency, a person using the form may fill it in in such a manner as to set forth or specify the equivalent of that amount in the new currency.

For the purposes of this section the expression guinea, when used as an expression of an amount of money, means an amount of one pound one shilling in denominations of money in the old currency.

For the purposes of this section any reference in any Act to an amount of money in sterling shall be deemed to be a reference to the old currency: Provided that this section shall not apply to the Agent-General Act 1901 as amended from time to time.

Where in any Act it is provided that any amount shall be calculated to the nearest pound or to the nearest shilling, nearest sixpence, or nearest penny, that provision shall be read and construed as a provision that such amount shall be calculated to the nearest dollar or, as the case may be, to the nearest multiple of ten cents, nearest multiple of five cents or nearest cent.