Payment in legal tender banknotes and coins is not unlawful. Has legal tender status, Australian banknotes and coins do not necessarily have to be used in transactions and refusal to accept However although transactions are to be in Australian currency unless otherwise agreed or specified, and Australian currency Is to be done in Australian currency unless it is done, or the parties to the sale, transaction or dealing agree that it willīe done, in the currency of another country. That responsibility belongs to the Royal Australian Mint.Įvery sale, transaction or dealing relating to money, or involving the payment of, or a liability to pay, money in Australia The Reserve Bank of Australia does not have legal responsibility for Australian coins. not exceeding 10 times the face value of the coin if $1 or $2 coins are offered.įor example, if someone wants to pay a merchant with five cent coins, they can only pay up to $5 worth of five cent coins andĪny more than that will not be considered legal tender. ![]()
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