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

  1. 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.
  2. 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.
  3. 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.

Watch More

For more insights on legal payment methods and currency regulations in Australia, check out our other videos on financial laws and consumer rights.

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