5Specification of denominations and standard compositions

5 Specification of denominations and standard compositions

For paragraph 13(2)(a) of the Act, the Act has effect, on and after the day on which this instrument commences, as if the reference in the Schedule to the Act, opposite to the denomination of a coin specified in the following table, to the standard composition of coins of that denomination included a reference to the standard composition specified in the table below:

The standard compositions mentioned in subsection (1) for a denomination are taken to be specified in the Schedule to the Act in addition to any other standard composition or compositions that are, or are taken to be, specified in the Schedule for that denomination immediately before the day on which this Denomination commences. For paragraph 13(2)(b) of the Act, the Act has effect, on and after the day on which this instrument commences, as if:

(a) there were included in the Schedule to the Act the references to denominations of money specified in Part 1 of Schedule 1 to this instrument; and
(b) there were specified in the Schedule to the Act opposite to each such denomination, as the standard composition of coins of that denomination, the standard composition specified for the denomination in Part 1 of Schedule 1 to this instrument.
(4) The determination of the standard composition of a coin under subsection (3) is in addition to the determination of the standard composition of coins under subsection (1).
(5) This section does not affect any other provision of a determination made for the purposes of paragraph 13(2)(b) of the Act.