19Payments during and after transition period

#### 19 Payments during and after transition period (1) For the purpose of making, in the currency provided for by this Act, a payment: (a) that is payable in pursuance of, under or by virtue of a sale or a security for money, or any other contract, agreement, deed, instrument, transaction, dealing, matter or thing made, executed, entered into or done in pursuance of subsection (1) of section 18; and (b) that: (i) is made by a bill of exchange or promissory note; or (ii) is not so made but was payable before the date fixed in pursuance of section 21 and is not made until after that date; the amount of money in the currency provided for by this Act that corresponds to an amount of money in the currency provided for by the repealed Acts is, subject to subsection (2), an amount calculated on the basis of the equivalents specified in subsection (4) of section 8. (2) Subsection (3) of section 11 has effect for the purposes of subsection (1) of this section and so has effect as if the reference in that first‑mentioned subsection to subsection (2) of section 11 were a reference to subsection (1) of this section.