Decimal Currency (Transitional) Act 1963 (Cth)

DECIMAL CURRENCY (TRANSITIONAL) ACT 1963
- Reprinted as at 19 December 1973 (HISTACT CHAP 2026 #DATE 19:12:1973)

DECIMAL CURRENCY (TRANSITIONAL) ACT 1963-1973 - TABLE OF PROVISIONS 
TABLE



               DECIMAL  CURRENCY  (TRANSITIONAL)  ACT  1963-1973



                             TABLE  OF  PROVISIONS



                              PART  I-PRELIMINARY

Section

  1.        Short title

  2.        Commencement

  3, 4.     (Repealed)

  5.        Extension to Territories

  6.        Crown to be bound



             PARTS  II,  III  and  IV  (sections  7-17)  (Repealed)



                PART  V-ARRANGEMENTS  FOR  THE  INTRODUCTION  OF

                         THE  DECIMAL  CURRENCY  SYSTEM



                            Division  1-Preliminary



  18.       Definitions



                       Division  2-Powers  of  Treasurer



  19.       Powers  of  Treasurer

  20.       (Repealed)



                   Division  3  (sections  21-31)  (Repealed)



                           Division  4-Miscellaneous



  32.       Finance

DECIMAL CURRENCY (TRANSITIONAL) ACT 1963-1973 - SECT. 1. 
Short title. 
SECT

               DECIMAL  CURRENCY  (TRANSITIONAL)  ACT  1963-1973



             An Act relating to Currency, Coinage and Legal Tender.



                              PART  I-PRELIMINARY

Short title amended; No. 32, 1918, s. 2.

  1. This Act may be cited as the Decimal Currency (Transitional) Act
1963-1973.*

DECIMAL CURRENCY (TRANSITIONAL) ACT 1963-1973 - SECT. 2. 
Commencement. 
SECT





  2. (1) Parts I and V of this Act shall come into operation on the day on
which this Act receives the Royal Assent.*

Sub-section (2) omitted by No. 216, 1973, s. 3.

                         *   *   *   *   *   *   *   *

Section 3 repealed by No. 216, 1973, s. 3; section 4 repealed by No. 94, 1965,
s. 5.

                         *   *   *   *   *   *   *   *

DECIMAL CURRENCY (TRANSITIONAL) ACT 1963-1973 - SECT. 5. 
Extension to Territories. 
SECT

Amended by No. 95, 1965, s. 6; and No. 216, 1973, s. 3.

  5. This Act extends to all the external Territories except Papua New Guinea
and the Territory of Christmas Island.

DECIMAL CURRENCY (TRANSITIONAL) ACT 1963-1973 - SECT. 6. 
Crown to be bound. 
SECT

  6. This Act binds the Crown in right of the Commonwealth or a State.

Parts II, III and IV (ss. 7-17) repealed by No. 94, 1965, s. 7.

                         *   *   *   *   *   *   *   *

DECIMAL CURRENCY (TRANSITIONAL) ACT 1963-1973 - SECT. 18. 
Definitions. 
 
SECT



                             Division 1-Preliminary

Amended by No. 94, 1965, s. 8; and No. 25, 1969, s. 8.

  18. In this Part, unless the contrary intention appears-



  ''prescribed machine'' means-



     (a)  a machine or instrument used, or intended for use, solely or
principally for the purpose of calculating or recording amounts of money,
including-



         (i)  an accounting machine or any similar machine;



        (ii)  an adding machine or any similar machine;



        (iii)  a machine for franking postal articles;



        (iv)  a cash register;



        (v)  a machine or instrument for use in connexion with a punched card
system; and



        (vi)  price-computing scales; and



     (b)  any other machine or instrument included in a class or kind of
machines or instruments declared by the Treasurer, by notice in the Gazette,
to be a prescribed class or kind of machines or instruments for the purposes
of this Part,



    being a machine or instrument designed for use in connexion with the
existing currency system or any similar system of currency;



  ''the decimal currency system'' means the system of currency provided for by
Part II of the Currency Act 1965;



  ''the existing currency system'' means the system of currency provided for
by the Coinage Act 1909-1947.

DECIMAL CURRENCY (TRANSITIONAL) ACT 1963-1973 - SECT. 19. 
Powers of Treasurer. 
SECT

                       Division  2-Powers  of  Treasurer

  19. (1) The Treasurer may, on behalf of the Commonwealth, do such things,
make such arrangements and enter into such agreements as he considers
necessary for the purpose of facilitating the transition from the existing
currency system to the decimal currency system and, in particular but without
limiting the generality of the foregoing-



  (a)  he may, on behalf of the Commonwealth, make such arrangements, or enter
into such agreements, as he thinks fit for or in relation to the conversion or
adaptation, for use in connexion with the decimal currency system, of such
prescribed machines as he thinks fit; and



  (b)  he may approve the making of payments by the Commonwealth, of such
amounts as he determines, by way of compensation in respect of such other
prescribed machines as he thinks fit.

  (2) An arrangement or agreement under paragraph (a) of the last preceding
sub-section may make provision-



  (a)  for the Commonwealth to bear the whole or a part of the cost of
converting or adapting a prescribed machine for use in connexion with the
decimal currency system; and



  (b)  for the making of advances by the Commonwealth to the person with whom
the arrangement or agreement is made for the purpose of assisting the person
in carrying out his obligations under the arrangement or agreement.

Section 20 and Division 3 (sections 21-31) repealed by No. 25, 1969, s. 9.*

                      *    *    *    *    *    *    *    *

DECIMAL CURRENCY (TRANSITIONAL) ACT 1963-1973 - SECT. 32. 
Finance. 
SECT

                            Division 4-Miscellaneous

Amended by No. 25, 1969, s. 10.

  32. The following amounts are payable out of the Consolidated Revenue Fund,
which is appropriated accordingly:-



  (a)  any amount payable by the Commonwealth under an arrangement or
agreement entered into under paragraph (a) of sub- section (1) of section
nineteen of this Act; and



  (b)  any payment approved under paragraph (b) of that sub- section.

Section 33 repealed by No. 25, 1969, s. 11; sections 34-37 repealed by No. 94,
1965, s. 9; Part VI (section 38) repealed by No. 25, 1969, s. 11; Schedule
repealed by No. 94, 1965, s. 9.

                      *    *    *    *    *    *    *    *

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DECIMAL CURRENCY (TRANSITIONAL) ACT 1963-1973 - NOTES 



                                     NOTES

1.  The Decimal Currency (Transitional) Act 1963-1973 comprises the Currency
Act 1963 as amended by the other Acts specified in the following table:

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                                Number                       Date of

    Act                         and year        Date of

                                                Assent       commencement

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    Currency Act 1963           No. 67, 1963    30 Oct 1963  Parts I and V:

                                                             Royal Assent

                                                             Parts II, III,
IV

                                                             and VI: (a)

    Decimal Currency Board

    Act 1965                    No. 94, 1965    10 Dec 1965  10 Dec 1965

    Decimal Currency Board

    (Abolition) Act 1969        No. 25, 1969    4 June 1969  Ss. 7 (2), 8, 9
and 

                                                             10:

                                                             5 Sept 1969 (see

                                                             Gazette 1969, p.

                                                             5199)

                                                             Remainder: Royal

                                                             Assent

    Statute Law Revision Act

    1973                        No. 216, 1973   19 Dec 1973  31 Dec 1973

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  (a)  No date for the commencement of Parts II, III, IV and VI of the
Currency Act 1963 was fixed before their repeal by section 7 of the Decimal
Currency Board Act 1965 and by section 11 of the Decimal Currency Board
(Abolition) Act 1969.



   The Decimal Currency Board Act 1965 substantially amended the Currency Act
1963 and altered the citation of that Act, as amended, to the Decimal Currency
Board Act 1963-1965. The Decimal Currency Board (Abolition) Act 1969
substantially amended the Decimal Currency Board Act 1963-1965 and altered the
citation of that Act, as amended, to the Decimal Currency (Transitional) Act
1963-1969.

2.  Section 20 and Division 3 of Part V (sections 21-31) were repealed by sub-
section 9 (1) of the Decimal Currency Board (Abolition) Act 1969. Sub-sections
9 (2), (3), (4) and (5) of that Act provide as follows:



   ''(2) All property and rights that, immediately before the commencement of
this section, were vested in the Board are, by force of this section, vested
in the Commonwealth.



   ''(3) Where the Board was a party to a contract or agreement subsisting
immediately before the commencement of this section, the contract or agreement
shall continue in full force and effect but, in its operation after the
commencement of this section, has effect as if-



   (a)  the Commonwealth were substituted for the Board as a party to the
contract or agreement; and



   (b)  any reference in the contract or agreement to the Board were a
reference to the Commonwealth.



   ''(4) All liabilities and obligations to which the Board was subject
immediately before the commencement of this section become, by force of this
section, liabilities and obligations of the Commonwealth.



   ''(5) The Consolidated Revenue Fund is appropriated to the extent necessary
for the purpose of the making by the Commonwealth of any payment that the
Commonwealth is liable to make by reason of the operation of this section.''