Document ID: chunk:federal_register_of_legislation:C2004A02389:body:0:p2
Version: federal_register_of_legislation:C2004A02389
Segment Type: other
Provision Reference: 
Character Range: 2485–4676

Schedule a reference to a denomination of money specified in the regulations; and
             (b) there were specified in the Schedule opposite to that denomination, as the standard composition of coins of that denomination, the standard composition that is specified in the regulations,
       and, where any such regulations are made—
             (c) the denomination of money specified in the regulations shall, on and after the date specified in the regulations and while the regulations remain in force, be deemed to be specified in the Schedule; and
             (d) the standard composition that is specified in the regulations shall, on and after the date specified in the regulations and while the regulations remain in force, be deemed to be specified in the Schedule opposite to that denomination."; and
      (b) by inserting in paragraph (2) (a) ", subject to sub-section 13 (2)," after "shall".

Issue price of coins of certain denominations
5. Section 14a of the Principal Act is amended by omitting from sub-section (1) "and Twenty-five dollars" and substituting ", Twenty-five dollars and Ten dollars and of any other denomination exceeding Ten dollars".

Legal tender
6. Section 16 of the Principal Act is amended—
(a) by omitting from paragraph (1) (b) "and"; and
(b) by omitting paragraph (1) (c) and substituting the following paragraphs :
          "(c) in the case of coins of a denomination greater than Fifty cents but less than Ten dollars—for payment of an amount not exceeding 10 times the face value of a coin of the denomination concerned but for no greater amount;
          "(d) in the case of coins of the denomination of Ten dollars—for payment of an amount not exceeding $100 but for no greater amount; and
          "(e) in the case of coins of another denomination—for payment of any amount.".

Amendment to Schedule
7. The Schedule to the Principal Act is amended by omitting—
"Fifty cents.........  copper and nickel"
and substituting—
"Ten dollars.........  92.5% silver and 7.5% other metal
"Fifty cents.........  copper and nickel".

NOTE

  1. No. 95, 1965, as amended. For previous amendments, see No. 4, 1969; No. 216, 1973; and No. 17, 1980.