Commonwealth Consolidated Acts

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RESERVE BANK ACT 1959 - SECT 44

Other persons not to issue notes

             (1)  A person shall not issue a bill or note for the payment of money payable to bearer on demand and intended for circulation.

Penalty:  50 penalty units.

Note:          Chapter 2 of the Criminal Code sets out the general principles of criminal responsibility.

             (2)  A State shall not issue a bill or note for the payment of money payable to bearer on demand and intended for circulation.


 

   



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