Coinage Act 1909
1Coinage Act 1909
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COINAGE.
No. 6 of 1909.
An Act relating to Currency, Coinage, and Legal Tender.
[Assented to 4th September, 1909.]
BE it enacted by the King’s Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia, as follows:—
Short title.
- This Act may be cited as the Coinage Act 1909.
Definitions.
- In this Act, unless the contrary intention appears—
“British coins” means coins which have been issued in accordance with the laws of the United Kingdom, and which have not been called in in pursuance of those laws:
“Australian coins” means coins which have been issued in accordance with this Act, and which have not been called in in pursuance of this Act.
Standard weight and fineness of coins.
- The standard weight and standard fineness of the gold, silver and bronze coins of the denominations mentioned in the Schedule are as specified in the Schedule.
Treasurer may issue silver and bronze coins.
Cf. 33-4 Vic. c. 10 s. 3.
4.—(1.) The Treasurer may cause to be made and issued silver and bronze coins of the denominations specified in the Schedule.
(2.) All silver and bronze coins to be so made and issued shall be of the weight and fineness specified in the Schedule.
(3.) In the making of silver and bronze coins, a remedy (or variation from the standard weight and fineness specified in the Schedule) shall be allowed of an amount not exceeding the amount specified in the Schedule.
(4.) The Treasurer may cause to be made and issued nickel coins of the denominations, weight, and fineness specified in any proclamation under this Act.
Legal tender
Cf. ib. s. 4.
5.—(1.) A tender of payment of money, if made in coins which are British coins or Australian coins of current weight, shall be a legal tender—
(a) in the case of gold coins, for the payment of any amount:
(b) in the case of silver coins, for the payment of an amount not exceeding Forty shillings, but for no greater amount: and
(c) in the case of bronze coins, for the payment of an amount not exceeding One shilling, but for no greater amount.
(2.) A coin shall be deemed to be not of current weight if it has become diminished in weight by wear or otherwise—
(a) in case it is a British coin, so as to be of less weight than the weight specified as the least current weight in the law of the United Kingdom applicable to the coin, and