New Zealand Legislation: Acts
Acts are laws made by Parliament
(1) The monetary unit, or unit of currency, of New Zealand shall be the dollar.
(2) The denominations of money in the currency of New Zealand shall be the dollar and the cent.
(3) A cent is one-hundredth part of a dollar.
(4) The equivalent in the currency provided for by this Act of one pound in the existing currency shall be 2 dollars, the like equivalent of one shilling shall be 10 cents, and the like equivalent of one penny shall be five-sixths of a cent.
Compare: Currency Act 1963, s 8 (Australia)