Clause 5

Section 13 of the Currency Act is amended by inserting, immediately after subsection (3), the following subsections:“(3A) Where a payee has given written notice to the payer that he would not accept as payment any or all of the denominations of notes or coins in satisfaction of a debt, subsection (2) or (3), as the case may be, shall not apply to the payment of the debt to the extent specified in the notice.(3B) Where no written notice under subsection (3A) has been given by the payee, payment by the payer in accordance with subsection (2) or (3), as the case may be, in satisfaction of a debt, shall be deemed to have satisfied that debt.”.