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Wednesday, 29 April 1987
Page: 2178

To the Honourable the Speaker and Members of the House of Representatives assembled.

The humble petition of the undersigned citizens of Australia respectfully showeth:

That, as a consequence of the Hawke Government's decision to introduce a two dollar coin in 1988,

Whereas the introduction of a one dollar coin was only a two-fold increase in the maximum value of coinage, the elimination of the two dollar note represents a five-fold increase before a note can be used.

It will have taken eighteen years from decimalisation to go from the fifty cent piece as the highest value coin to a one dollar coin, but only a further four years to replace the two dollar note with a coin.

The lowest value paper note will be five dollars, forcing a dramatic increase in the weight of coinage carried and dislocation of the retail industry.

Many people, particularly the elderly, will mistake the value of the coin for that of another lower value coin just as many now confuse a one dollar coin with the ten cent piece.

That the addition of two new coins in four years creates the biggest number of coins in circulation at any time in Australia's history and will lead to the removal of the one cent and two cent coins; this will accelerate the cost of living, particularly the cost of food where numerous items are involved and future price rises would need to be five cent increases on every item on every occasion.

Your petitioners therefore humbly pray that the proposed two dollar coin not be proceeded with by the Hawke Government, and no future government proceed with this proposal for several years.

And your petitioners, as in duty bound, will ever pray.

by .