by Booney » Wed Apr 11, 2012 4:03 pm
From rba.gov
According to the Reserve Bank Act 1959, Australian banknotes are legal tender. According to the Currency Act 1965, coins are legal tender for payment of amounts which are limited as follows:
not exceeding 20c if 1c and/or 2c coins are offered (however, it should be noted that these coins have been withdrawn from circulation but are still legal tender);
not exceeding $5 if any of 5c, 10c, 20c and 50c coins are offered;
not exceeding 10 times the face value if coins in the range 50c to $10 inclusive are offered; and
to any value if coins of value greater than $10 are offered.
These general comments are offered only as a guide and should not be taken as legal advice. If further clarification is required, you should obtain legal advice.
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