Is Paying with Too Many Coins Illegal in Australia? Find Out!
Discover the legal limits on paying with coins in Australia and avoid transaction refusals.
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Yes, in Australia there are limits on the number of coins you can use in a single transaction. According to the Currency Act 1965, for example, you can only pay up to $5 in 5 to 10 cent coins and $10 in 20 to 50 cent coins. Transactions beyond these limits may be refused legally.
FAQs & Answers
- What are the coin payment limits in Australia? In Australia, you can pay up to $5 using 5 to 10 cent coins and up to $10 with 20 to 50 cent coins as per the Currency Act 1965.
- Can a business refuse payment in coins? Yes, businesses can refuse payment in coins if it exceeds the legal limits set by the Currency Act 1965.
- What should you do if you have too many coins for a transaction? Consider combining coins with other forms of payment or using a smaller denomination to stay within the legal limits.