(This is either an inconsistency or implies the rise of private currencies).

The community had a local private currency based upon labor exchange in order to trade goods and services (see Mutualism (economic theory)).

In the old days, everything had been calculated in a private corporate currency, with all the problems that entailed.

The result: victory for the government, which hates and fears private currencies.

Both these acts remain on the statute books and perpetuate the de facto end of private currencies in Australia.

Most people went through life without ever using a private currency.

Quite often these private currencies would collapse, though sheer greed, mismanagement, or just bad luck in the market.

Nowadays, for a lot of people, private currencies were just the way money was.

In some places they formed the core of a company shop economy (Truck system), circulating as private currencies.

This act perpetuates the effective prohibition of private currencies in Australia.