3Standard composition of coins

3 Standard composition of coins

(1) For subsection 13 (2) of the Currency Act 1965, that Act has effect, on and after the day on which this Determination commences, as if:

(a) there were included in the Schedule to that Act a reference to the denomination ‘Thirty thousand dollars’; and

(b) there were specified in that Schedule, opposite to that denomination, as the standard composition of coins of that denomination, the standard composition ‘at least 99.99% gold’.

(2) For subsection 13 (2) of the Currency Act 1965, that Act has effect, on and after the day on which this Determination commences, as if:

(a) there were included in the Schedule to that Act a reference to the denomination ‘Three hundred dollars’; and

(b) there were specified in that Schedule, opposite to that denomination, as the standard composition of coins of that denomination, the standard composition ‘at least 99.9% silver’.