New Zealand Legislation: Acts
Acts are laws made by Parliament
| Public Act | 1964 No 27 |
| Date of assent | 3 November 1964 |
7 Construction of references to existing currency, and method of conversion for purposes of payments
9 Standard composition and weight of coins [Repealed]
10 Minister may issue coins [Repealed]
11 Advisory committees [Repealed]
12 Coins may be called in [Repealed]
13 Prohibition of other than official coins [Repealed]
14 Legal tender [Repealed]
16 Powers of Minister [Repealed]
17 Delegation to Decimal Currency Board [Repealed]
18 Making and issue of coins [Repealed]
19 Closing of Banks [Repealed]
20 Decimal Currency Board [Repealed]
21 Constitution of Board [Repealed]
22 Resignation of members [Repealed]
23 Functions of Board [Repealed]
24 Powers of Board [Repealed]
25 Delegation by Board [Repealed]
27 Contracts of Board [Repealed]
28 Disclosure on interests in agreements, etc. [Repealed]
29 Meetings of Board [Repealed]
31 Remuneration and travelling expenses [Repealed]
32 Secretary and other officers of Board [Repealed]
33 Decimal currency account [Repealed]
34 Regulations [Repealed]
An Act to provide for a system of decimal currency, and to make provision with respect to coinage, legal tender, and matters incidental to the foregoing purposes
(1) This Act may be cited as the Decimal Currency Act 1964.
In this Act, unless the context otherwise requires,—
Approved machine
[Repealed]
Approved machine, Board, and Prescribed: these definitions were repealed, as from 1 February 1990, by section 186(1) Reserve Bank of New Zealand Act 1989 (1989 No 157).
Board
[Repealed]
Approved machine, Board, and Prescribed: these definitions were repealed, as from 1 February 1990, by section 186(1) Reserve Bank of New Zealand Act 1989 (1989 No 157).
Decimal currency means the currency provided for by Part 2 of this Act; and the decimal currency system has a corresponding meaning
Existing currency means the currency of New Zealand at the passing of this Act; and the existing currency system has a corresponding meaning
Minister means the Minister of Finance
New Zealand includes the territories to which this Act extends by virtue of section 3 of this Act
Prescribed
[Repealed]
Approved machine, Board, and Prescribed: these definitions were repealed, as from 1 February 1990, by section 186(1) Reserve Bank of New Zealand Act 1989 (1989 No 157).
Compare: 1933 No 12 s 2; Currency Act 1963, s 18 (Australia)
This Act shall extend to and be in force in the following territories:
(a) The Cook Islands:
(b) Tokelau.
Compare: 1933 No 12 s 12
In paragraph (b) the reference to Tokelau was substituted for a reference to the “Tokelau Islands”
by section 3(8) Tokelau Amendment Act 1976.
This Act shall bind the Crown.
(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)
Every sale, payment, bill of exchange, promissory note, and security for money, and every contract, agreement, deed, instrument, transaction, dealing, matter, and thing whatsoever relating to money or involving the payment of or a liability to pay any money, that is made, executed, entered into, or done in New Zealand shall be made, executed, entered into, or done according to the currency of New Zealand provided for by this Act, unless it is made, executed, entered into, or done according to the currency of a country other than New Zealand.
Compare: 1933 No 12 s 7; Currency Act 1963, s 9 (Australia)
(1) Subject to the provisions of this section—
(a) Every reference in any enactment passed or made before the commencement of this Part of this Act; and
(b) Every reference in any bill of exchange, promissory note, security for money, contract or agreement (whether the contract or agreement is in writing or not), deed, or instrument made, executed, or entered into before the commencement of this Part; and
(c) Every reference made before the commencement of this Part in any other manner whatsoever—
to an amount of money in the existing currency shall, unless the context is such that it would be inappropriate, be construed as a reference to a corresponding amount of money in decimal currency, calculated on the basis of the equivalents specified in subsection (4) of section 5 of this Act.
(2) Subject to subsection (3) of this section, where any such reference as aforesaid is to a percentage or other proportion expressed in terms of money, the reference shall be construed as a reference to an equivalent percentage or proportion expressed in terms of money in decimal currency.
(3) Where any such reference as aforesaid is to an amount of pence, either alone or in addition to an amount of pounds or shillings, and it is necessary for the purpose of making a payment thereunder to ascertain the sum in decimal currency that corresponds to the sum that would have been required to make the payment in the existing currency, the following provisions shall apply:
(a) The sum that would have been required to make the payment in the existing currency shall be ascertained in pounds, shillings, and pence:
(b) That sum shall be converted into decimal currency on the basis of the equivalents specified in subsection (4) of section 5 of this Act.
(4) In this section the term enactment means—
(a) Any Act of the Parliament of New Zealand; and
(b) Any Act of the Parliament of England or of the Parliament of Great Britain or of the Parliament of the United Kingdom, being an Act that is in force in New Zealand; and
(c) Any Ordinance of the Legislative Assembly of the Cook Islands or of the Niue Island Assembly, and any Island Ordinance or bylaw of an Island Council in any island forming part of the Cook Islands; and
(d) Any Ordinance or other law in force in the Tokelau Islands; and
(e) Any regulation, rule, order, bylaw, or instrument made under the authority of or having effect by virtue of any such Act, Ordinance, bylaw, or other law as aforesaid, and in force in New Zealand or in any territory or part of a territory to which this Act extends by virtue of section 3 of this Act.
Compare: Currency Act 1963, ss 10, 11 (Australia)
Where any enactment, as defined in section 7 of this Act, being an enactment passed or made before the commencement of this Part, prescribes or provides for a form that refers to an amount of money in the existing currency, or a form that provides for an amount of money to be specified in that currency, any person using the form may fill it in in such a manner as to specify the equivalent of that amount in decimal currency.
Compare: Currency Act 1963, s 12 (Australia)
Parts 3 to 5 (sections 9 to 34) and SCHEDULE were repealed, as from 1 February 1990, by section 186(1) Reserve Bank of New Zealand Act 1989 (1989 No 157).
[Repealed]
Parts 3 to 5 (sections 9 to 34) and SCHEDULE were repealed, as from 1 February 1990, by section 186(1) Reserve Bank of New Zealand Act 1989 (1989 No 157).
[Repealed]
Subsection (1) was amended, as from 1 July 1989, by section 86(1) Public Finance Act 1989 (1989 No 44), by omitting the word “Minister”
and substituting the words “Reserve Bank of New Zealand”
.
Subsection (4) was repealed, as from 1 July 1989, by section 86(1) Public Finance Act 1989 (1989 No 44).
Subsection (5) ceased to be in force as from 1 June 1968. See S.R. 1968/85/3.
Subsection (6) was inserted, by section 4 Decimal Currency Amendment Act 1965.
Parts 3 to 5 (sections 9 to 34) and SCHEDULE were repealed, as from 1 February 1990, by section 186(1) Reserve Bank of New Zealand Act 1989 (1989 No 157).
[Repealed]
Parts 3 to 5 (sections 9 to 34) and SCHEDULE were repealed, as from 1 February 1990, by section 186(1) Reserve Bank of New Zealand Act 1989 (1989 No 157).
[Repealed]
Parts 3 to 5 (sections 9 to 34) and SCHEDULE were repealed, as from 1 February 1990, by section 186(1) Reserve Bank of New Zealand Act 1989 (1989 No 157).
[Repealed]
Parts 3 to 5 (sections 9 to 34) and SCHEDULE were repealed, as from 1 February 1990, by section 186(1) Reserve Bank of New Zealand Act 1989 (1989 No 157).
Parts 3 to 5 (sections 9 to 34) and SCHEDULE were repealed, as from 1 February 1990, by section 186(1) Reserve Bank of New Zealand Act 1989 (1989 No 157).
[Repealed]
In subsection (3) the Reserve Bank of New Zealand Act 1933 has been repealed and replaced by the Reserve Bank of New Zealand Act 1964.
Parts 3 to 5 (sections 9 to 34) and SCHEDULE were repealed, as from 1 February 1990, by section 186(1) Reserve Bank of New Zealand Act 1989 (1989 No 157).
[Repealed]
Parts 3 to 5 (sections 9 to 34) and SCHEDULE were repealed, as from 1 February 1990, by section 186(1) Reserve Bank of New Zealand Act 1989 (1989 No 157).
Parts 3 to 5 (sections 9 to 34) and SCHEDULE were repealed, as from 1 February 1990, by section 186(1) Reserve Bank of New Zealand Act 1989 (1989 No 157).
[Repealed]
Parts 3 to 5 (sections 9 to 34) and SCHEDULE were repealed, as from 1 February 1990, by section 186(1) Reserve Bank of New Zealand Act 1989 (1989 No 157).
[Repealed]
Parts 3 to 5 (sections 9 to 34) and SCHEDULE were repealed, as from 1 February 1990, by section 186(1) Reserve Bank of New Zealand Act 1989 (1989 No 157).
[Repealed]
Parts 3 to 5 (sections 9 to 34) and SCHEDULE were repealed, as from 1 February 1990, by section 186(1) Reserve Bank of New Zealand Act 1989 (1989 No 157).
[Repealed]
Subsections (5) and (6) were substituted for the former subsection (5) (as inserted by section 9(1) Decimal Currency Amendment Act 1965), as from 7 June 1967, by section 2(1) of the Decimal Currency Amendment Act 1967. See section 2(3) of that Act.
Parts 3 to 5 (sections 9 to 34) and SCHEDULE were repealed, as from 1 February 1990, by section 186(1) Reserve Bank of New Zealand Act 1989 (1989 No 157).
Parts 3 to 5 (sections 9 to 34) and SCHEDULE were repealed, as from 1 February 1990, by section 186(1) Reserve Bank of New Zealand Act 1989 (1989 No 157).
[Repealed]
Parts 3 to 5 (sections 9 to 34) and SCHEDULE were repealed, as from 1 February 1990, by section 186(1) Reserve Bank of New Zealand Act 1989 (1989 No 157).
[Repealed]
Parts 3 to 5 (sections 9 to 34) and SCHEDULE were repealed, as from 1 February 1990, by section 186(1) Reserve Bank of New Zealand Act 1989 (1989 No 157).
[Repealed]
Parts 3 to 5 (sections 9 to 34) and SCHEDULE were repealed, as from 1 February 1990, by section 186(1) Reserve Bank of New Zealand Act 1989 (1989 No 157).
[Repealed]
Parts 3 to 5 (sections 9 to 34) and SCHEDULE were repealed, as from 1 February 1990, by section 186(1) Reserve Bank of New Zealand Act 1989 (1989 No 157).
[Repealed]
Parts 3 to 5 (sections 9 to 34) and SCHEDULE were repealed, as from 1 February 1990, by section 186(1) Reserve Bank of New Zealand Act 1989 (1989 No 157).
[Repealed]
Parts 3 to 5 (sections 9 to 34) and SCHEDULE were repealed, as from 1 February 1990, by section 186(1) Reserve Bank of New Zealand Act 1989 (1989 No 157).
[Repealed]
Parts 3 to 5 (sections 9 to 34) and SCHEDULE were repealed, as from 1 February 1990, by section 186(1) Reserve Bank of New Zealand Act 1989 (1989 No 157).
[Repealed]
Parts 3 to 5 (sections 9 to 34) and SCHEDULE were repealed, as from 1 February 1990, by section 186(1) Reserve Bank of New Zealand Act 1989 (1989 No 157).
[Repealed]
Parts 3 to 5 (sections 9 to 34) and SCHEDULE were repealed, as from 1 February 1990, by section 186(1) Reserve Bank of New Zealand Act 1989 (1989 No 157).
[Repealed]
Parts 3 to 5 (sections 9 to 34) and SCHEDULE were repealed, as from 1 February 1990, by section 186(1) Reserve Bank of New Zealand Act 1989 (1989 No 157).
[Repealed]
Parts 3 to 5 (sections 9 to 34) and SCHEDULE were repealed, as from 1 February 1990, by section 186(1) Reserve Bank of New Zealand Act 1989 (1989 No 157).
[Repealed]
Parts 3 to 5 (sections 9 to 34) and SCHEDULE were repealed, as from 1 February 1990, by section 186(1) Reserve Bank of New Zealand Act 1989 (1989 No 157).
[Repealed]
Parts 3 to 5 (sections 9 to 34) and SCHEDULE were repealed, as from 1 February 1990, by section 186(1) Reserve Bank of New Zealand Act 1989 (1989 No 157).
[Repealed]
Parts 3 to 5 (sections 9 to 34) and SCHEDULE were repealed, as from 1 February 1990, by section 186(1) Reserve Bank of New Zealand Act 1989 (1989 No 157).
Parts 3 to 5 (sections 9 to 34) and SCHEDULE were repealed, as from 1 February 1990, by section 186(1) Reserve Bank of New Zealand Act 1989 (1989 No 157).
[Repealed]
Parts 3 to 5 (sections 9 to 34) and SCHEDULE were repealed, as from 1 February 1990, by section 186(1) Reserve Bank of New Zealand Act 1989 (1989 No 157).