Chapter V - section 115 of the Australian constitution
States not to coin money.
115. A State shall not coin money, nor make anything but gold and silver coin a legal tender in payment of debts.
Does this not mean that payment of debts imposed by any state is by definition unable to be paid by our fiat currency?
This rule makes electronic money, paper money and blended metal coins unconstitutional as none are pure gold and silver.
If anyone has any fines outstanding maybe it's worth a crack.
Can any law type person say yay or nay on this idea?
any lawyers about?
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