On and after the date of the commencement of Part II of the Currency Act 1963 of the Commonwealth, wherever in these regulations an amount of money is expressed either in words or figures in pounds, shillings or pence, or any combination thereof, then ¾

(a) if opposite or following that amount there is specified in parentheses an amount either in words or figures purporting to be an amount of money expressed in terms of decimal currency, the amount so specified shall be substituted for the amount expressed in pounds, shillings or pence, or a combination thereof; and

(b) if there is not opposite or following that amount such an amount specified in parentheses as is referred to in paragraph (a) of this regulation there shall be substituted for that amount a corresponding amount of money expressed in terms of decimal currency calculated on the basis of the equivalents specified in subsection (4) of section 8 of the Currency Act 1963 of the Commonwealth;

to the intent that on and after that date every substitution made under and in pursuance of this regulation shall be a direct amendment of these regulations.

[Regulation 1B inserted as Regulation 1A by Gazette 1 September 1965 p.2571; amended as Regulation 1B by Gazette 28 June 1991 p.3240.]