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Currency Amendment Act 1980

No. 17 of 1980

An Act to amend the Currency Act 1965

[Assented to 23 April 1980]

BE IT ENACTED by the Queen, and the Senate and the House of Representatives of the Commonwealth of Australia, as follows:

Short title, &c.
1. (1) This Act may be cited as the Currency Amendment Act 1980.
(2) The Currency Act 1965 is in this Act referred to as the Principal Act.

Commencement
2. This Act shall come into operation on the day on which it receives the Royal Assent.

Interpretation
3. Section 4 of the Principal Act is amended—
     (a) by omitting the definition of "the Schedule"; and
     (b) by adding at the end thereof the following sub-section:
    "(2) In this Act, unless the contrary intention appears, a reference to coins made and issued under this Act shall be read as a reference to coins made and issued under the Currency Act 1965 or under that Act as amended and in force at any time.".

Extension to external Territories
4. Section 5 of the Principal Act is amended by omitting "except Papua New Guinea and the Territory of Christmas Island".

Act to bind Crown
5. Section 6 of the Principal Act is amended by omitting "or a State" and substituting "of each of the States and of the Northern Territory".

Treasurer may issue coins
6. Section 14 of the Principal Act is amended by inserting after sub-section (1) the following sub-section:
"(1a) The regulations may, from time to time, provide that this Act shall have effect, on and after a date specified in the regulations, as if the references in sub-section 14a(1) and the Schedule to the denomination of Two hundred dollars were references to such greater or lesser denomination as is specified in the regulations and, where any such regulations are made, this Act shall have effect accordingly.".

7. After section 14 of the Principal Act the following section is inserted:

Issue price of coins of certain denominations
"14a. (1) Coins of the denomination of Two hundred dollars, One hundred dollars, Fifty dollars and Twenty-five dollars shall be issued at such respective prices as the Treasurer from time to time determines.
"(2) The Treasurer may, either generally or as otherwise provided by the instrument of delegation, by writing signed by him, delegate to a person all or any of his powers under sub-section (1).
"(3) A power so delegated, when exercised by the delegate, shall be deemed to have been exercised by the Treasurer.
"(4) A delegation under this section does not prevent the exercise by the Treasurer of the power or powers so delegated.
"(5) Where the Treasurer has delegated a power to a person under