Currency Act 1965

E442517

The Currency Act 1965 is an Australian federal law that completed the transition to decimal currency by establishing the dollar and cent system and related monetary arrangements.

All labels observed (1)

Label Occurrences
Currency Act 1965 canonical 1

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Statements (44)

Predicate Object
instanceOf Act of the Parliament of Australia
Australian federal statute
appliesTo Commonwealth of Australia and its territories NERFINISHED
chamber Australian House of Representatives NERFINISHED
Australian Senate NERFINISHED
classification economic legislation
financial regulation legislation
country Australia
defines legal tender in terms of Australian dollars and cents
definesSubunit Australian cent
definesUnit Australian dollar NERFINISHED
enablingAuthority section 51(xii) of the Australian Constitution
establishes monetary unit of account for Australia
hasEffectOn Australian financial system
pricing and accounting practices in Australia
historicalSignificance completed Australia’s transition from imperial to decimal currency
implementsPolicy transition to decimal currency in Australia
introducedSystem dollar and cent currency system
jurisdiction Commonwealth of Australia NERFINISHED
language English
legalArea currency regulation
monetary law
legalTenderFor Australian banknotes
Australian coins
legislature Parliament of Australia NERFINISHED
longTitle An Act relating to Currency
partOf Australian monetary law framework
purpose to establish the Australian dollar and cent system of currency
to make provision for legal tender in Australia
to provide for decimal currency in Australia
to regulate Australian coins and notes as currency
regulates denominations of Australian coins
legal tender limits for coins
standard of fineness and weight of Australian coins
relatedTo Australian Notes Act 1910 NERFINISHED
Coinage Act 1909 NERFINISHED
Decimal Currency Act 1963 NERFINISHED
Reserve Bank Act 1959 NERFINISHED
replacedSystem pounds shillings and pence currency system
shortTitle Currency Act 1965 NERFINISHED
status in force
subjectOf decimal currency reform in Australia
subunitRelation 1 Australian dollar = 100 Australian cents
typeOfCurrency decimal currency

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Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Currency Act 1963 followedBy Currency Act 1965