The Australian dollar is the official currency and is abbreviated as AUD. The value of the Australian dollar is stable compared with many other currencies, so it attracts investors from all over the world
Decimal currency (dollars and cents) was introduced in Australia on 14 February 1966. The Royal Australian Mint in Canberra, ACT is responsible for the design and minting of Australia’s circulating coins. Australia’s currency notes are printed in Melbourne, Victoria by Note Printing Australia Limited, a subsidiary of the Reserve Bank of Australia.
No matter where the money is made, we never seem to have very much of it. Now if we could just win the lottery!
MORE THINGS >> GAMES MONEY MISC
Big Bickies | a lot of money, very expensive |
Hole in the Wall | ATM, automatic teller machine |
EFTPOS | money withdrawn directly from your account. Electronic Funds Transfer at Point of Sale. Direct debit in USA. |
Docket | receipt for a purchase |
Mate’s Rates | lowest discount for a “friend” |
Hire Purchase | something you can buy and pay off in instalments, but you receive the item when it’s purchased. Time payments in the USA. |
Lay By | purchase something on instalments (lay away – USA), but you only get the item when it’s fully paid for. |
Bulk Bill | doctors bill paid directly by Medicare or other heath insurer. |
Term Deposit | CD (Certificate of Deposit – USA) |
Compo | compensation payment for a work-related injury |
Industrial Action | action taken by employees as a protest, often a strike |
Retrench | reducing the total number of employees by laying off |
Rort | scam, cheating the system. Often describing politicians. |
Stamp Duty | government fee charged on certain kinds of legal documents such as in buying a house |
Tax File Number | Social Security Number (USA) |
Advert | advertisement |
Pamphlet | brochure |
Old Money Terms | |
Trey | three pence |
Zack | sixpence |
Deener, Deenah | schilling |
Bob | schilling |
Two Bob | two shilling or a florin |
Quid | pound (£) |