Christmas Island Act 1959 (Cth)

CHRISTMAS ISLAND.

No. 9 of 1959.

An Act to amend the Christmas Island Act 1958.

[Assented to 23rd April, 1959.]

BE it enacted by the Queen’s Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia, as follows:—

Short title and citation.

1.—(1.) This Act may be cited as the Christmas Island Act 1959.

(2.) The Christmas Island Act 1958, as amended by this Act, may be cited as the Christmas Island Act 1958-1959.

 

Commencement.

2. This Act shall come into operation on the day on which the Reserve Bank Act 1959 comes into operation.

Currency and legal tender.

3. Section nineteen of the Christmas Island Act 1958 is amended by omitting sub-section (3.) and inserting in its stead the following sub-section:—

“(3.) Nothing in this section shall be taken—

(a)to prevent the use of Australian notes in the Territory or affect the operation of section thirty-six of the Reserve Bank Act 1959 in the Territory; or

(b)to authorize the taking or sending out of the Territory of Australian currency or foreign currency otherwise than in accordance with the Banking Act 1959 and with the regulations under that Act or the regulations that, by virtue of section twenty-nine of the Banking (Transitional Provisions) Act 1959, are in force as if made under the Banking Act 1959