Q & A: Raiding my piggy bank to pay for............

July 19, 2009

If you're like most of us you probably have a jar or moneybox or dish lying around where you drop your excess change in. You might do this as a form of saving or just for convenience when your pockets or wallet get heavy. Then the jar starts to over flow or the money box gets full and you have a dilemma. Do I spend it or bank it?

Retail shops do have a limit on the numbers of coins you can hand over to pay for a sale. They may refuse the cash if you try to hand over too many coins or small notes for a purchase. The limits are outlined below as per the Australian Currency Act.

Denomination Quantity
1c & 2c Now removed from circulation: Maximum of 20 cents
5c, 10c, 20c & 50c Maximum of $5
$1, $2, $5 & $10 Not exceeding ten times the face value, inclusive ie a maximum of $100 for $10 notes (10 x $10)
Any other denomination To any value

Posted by harrisk at July 19, 2009 7:10 PM
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