My question relates to the status of legal tender in New Zealand. When I went to Tournament Parking's Stanley St car park a couple of months ago, I was informed that they accepted payment for parking only by Eftpos. There was no sign stating this on the booth, and the attendant said this was "company policy". I understood that banknotes, as I offered them a $10 note, were legal tender, which I thought meant that they had to be accepted for payment of services. Can you advise if this has been changed, or if I have misunderstood the concept of "legal tender"?
James Appleby, Auckland.
I spoke to Dale Clements, general manager of Tournament Parking, and he said that you may pay by cash at the Stanley St car park, and there is a machine there to facilitate this. When I went for a look, it appears that the machine accepts only coins, not notes.
At the machine you can also pay by credit card. If you prefer to pay by Eftpos, the attendant can help you with this.
Legal tender is defined by the Reserve Bank as the tender (or offer) of payment that, by law, cannot effectively be refused in settlement of a debt denominated in the same currency.