Australia's largest stock trading and investment forum Australia's #1 stock forum

There are other acts which permit the commonwealth to issue...

First 25 Last

Share
Profile

Follow
ScoobyDoobieDo

3,826 Posts.

2

15/03/19

19:36

Post #: 37780061
Share

Originally posted by jantimot: ↑

It doesn’t matter what the law is. The courts don’t enforce the law relating to money. Under the constitution the states have to accept gold and silver for payments. In fact, they can accept nothing else.

COMMONWEALTH OF AUSTRALIA CONSTITUTION ACT - SECT 115
States not to coin money
A State shall not coin money, nor make anything but gold and silver coin a legal tender in payment of debts.

The courts in Qld won’t enforce that. And if you want your green slip refund, it HAS to be paid to you in gold or silver. Good luck!

Expand

There are other acts which permit the commonwealth to issue notes and coins.
Upvote

Reply

There are more pages in this discussion • 7 more messages in this thread...

First 25 Last

SPONSORED BY