Financial Agreement (Decimal Currency) Act 1966 (NSW)

Financial Agreement (Decimal Currency) Act 1966 No 39

An Act to approve an Agreement between the Commonwealth of Australia of the First Part, and the States of New South Wales, Victoria, Queensland, South Australia, Western Australia and Tasmania of the Second, Third, Fourth, Fifth, Sixth and Seventh Parts respectively; to amend the Financial Agreement Act 1944; and for purposes connected therewith.

1 Name of Act and commencement (1) This Act may be cited as the Financial Agreement (Decimal Currency) Act 1966. (2) This Act shall commence upon a day to be appointed by the Governor and notified by proclamation published in the Gazette.

2 Approval of Agreement The Agreement made on the eleventh day of February, one thousand nine hundred and sixty-six, a copy of which is set forth in the Schedule, is approved.

3 (Repealed)

The Schedule AGREEMENT made the eleventh day of February One thousand nine hundred and sixty-six BETWEEN THE COMMONWEALTH OF AUSTRALIA (in this Agreement called "the Commonwealth") of the first part, THE STATE OF NEW SOUTH WALES of the second part, THE STATE OF VICTORIA of the third part, THE STATE OF QUEENSLAND of the fourth part, THE STATE OF SOUTH AUSTRALIA of the fifth part, THE STATE OF WESTERN AUSTRALIA of the sixth part and THE STATE OF TASMANIA of the seventh part, each of the parties of the second, third, fourth, fifth, sixth and seventh parts being in this Agreement referred to as a "State" and the expression "the States" in this Agreement meaning, where the context so permits or requires, all of those parties. WHEREAS an Agreement was made on the twelfth day of December, One thousand nine hundred and twenty-seven, between the parties to this Agreement with respect to the public debts of the States: AND WHEREAS that Agreement has been varied by the following Agreements made pursuant to section 105A of the Constitution of the Commonwealth between the parties to this Agreement, namely, an Agreement made the third day of July, One thousand nine hundred and thirty-four, a copy of which is set forth in the Schedule to the Soldier Settlement Loans (Financial Agreement) Act 1935 of the Commonwealth, and an Agreement made the fifteenth day of November, One thousand nine hundred and forty-four, a copy of which is set forth in the Schedule to the Financial Agreement Act 1944, which Agreements are in this Agreement referred to as "the amending Agreements": AND WHEREAS the Currency Act 1965 of the Commonwealth provides for the introduction of a system of currency in which the denominations of moneys are to be the dollar and the cent: NOW IT IS HEREBY AGREED as follows: