108-553: Chevron Renaissance is a $ 400 million development on the Gold Coast, Queensland , Australia comprising 713 individually owned residential lots located above the Chevron Renaissance Shopping Centre. The onsite management of Chevron Renaissance residential lots is managed by Accor under the brand name of Mantra Towers of Chevron, previously The Towers of Chevron Renaissance. Chevron Renaissance
216-500: A World Heritage area in recognition of its "outstanding geological features displayed around shield volcanic craters and the high number of rare and threatened rainforest species". The area attracts bushwalkers and day-trippers. Important rainforest pollinating and seed-dispersing Black flying foxes (Pteropus alecto) are found in the area and may be heard foraging at night. The City of Gold Coast includes suburbs, localities, towns and rural districts . The declaration of Southport as
324-572: A foreign exchange reserve . Section 51(xii) of the Constitution of Australia gives the Commonwealth (federal) Parliament the power to legislate with respect to "currency, coinage, and legal tender". The states are not allowed to coin money, in accordance with section 115 which provides that "[a] State shall not coin money, nor make anything but gold and silver coin a legal tender in payment of debts". Australian coins are now produced at
432-401: A $ 5 million upgrade. This included the creation of 'Chevron Lane'; a Melbourne-style laneway filled with eclectic street food operators such as Viet Baguettes and Harmoni-T. The laneway features exposed brickwork, corrugated roller doors, street art and festoon lighting. An open air piazza was also upgraded to include a shade sail structure, rustic wood features, garden beds and a water fountain
540-441: A Decimal Currency Board would be established to oversee the transition process. A public consultation process was held in which over 1,000 names were suggested for the new currency. This was reduced to a shortlist of seven names: austral, crown, dollar, pound, regal, tasman and royal. In June 1963, Holt announced that the new currency would be called the "royal". This met with widespread public disapproval, and three months later it
648-420: A GDP of AU$ 45.3 billion as of 2023. The city ranks highly as one of the country's cultural and creative hotspots, alongside content creators , a growing video games industry , and leads Australia in startups per capita. The Gold Coast is central to the nation's entertainment industry with a major film and television production industry, leading to the city's metonym of Goldywood . The Gold Coast
756-583: A Priority Development Area (PDA) and new investment into the CBD is driving transformative change and creating new business and investment opportunities. Waterfront canal living is a feature of the Gold Coast. Most canal frontage homes have pontoons. The Gold Coast Seaway , between The Spit and South Stradbroke Island , allows vessels direct access to the Pacific Ocean from The Broadwater and many of
864-402: A decade due to the recession and lack of interest from property developers. In October 1999 Raptis Group unveiled plans for the $ 400 million Chevron Renaissance development and announced work would begin immediately. The Chevron Renaissance development construction began with the driving of piles to a depth of approximately 45 m, plus an additional 10 m into the bedrock in places, to create
972-422: A division of the city. Businessman Tom Tate is the current Mayor of the Gold Coast , first elected in 2012. Former mayors include Ron Clake , Gary Baildon, Lex Bell , Ray Stevens , Ern Harley and Sir Bruce Small , who was responsible for the development of many of the canal estates that are now home to thousands of Gold Coast residents. At the state level, the Gold Coast area is represented by eleven members in
1080-510: A few weeks at a time giving residents "the summer blues", while winter is pleasantly mild to warm with little rain. In fact, it is for this pleasant winter weather that both the city and the Sunshine Coast —the coastal region north of Brisbane—are internationally renowned. Extreme temperatures recorded at Gold Coast Seaway have ranged from 2.5 °C (36 °F) on 19 July 2007 to 40.5 °C (105 °F) on 22 February 2005, although
1188-597: A rate of A$ 1 = 8s sterling (or £1 stg = A$ 2.50, and in turn £1 stg = US$ 2.80). In 1967, Australia effectively left the sterling area when the pound sterling was devalued against the US dollar from US$ 2.80 to US$ 2.40, but the Australian dollar chose to retain its peg to the US dollar at A$ 1 = US$ 1.12 (hence appreciating in value versus sterling). The Australian dollar is legal tender in its external territories: Christmas Island , Cocos (Keeling) Islands , and Norfolk Island ; and
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#17327932671501296-539: A reputation as a secluded holiday destination for wealthy Brisbane residents. Post-World War One Era saw the rise of the "seaside shack". The seaside shack provided the opportunity for the coastal "getaway" with modest investment. From 1914 to 1946, they popped up all along the South Coast. Seaside shacks were exceedingly cheap and were an early use of the concept of recycling. Many were built of disused or second grade timber, all kinds of materials were used for
1404-501: A rise of 61 percent. Tourism remains fundamental to Gold Coast City's economy, with almost 10 million visitors a year to the area. In the past the economy was driven by the population derived industries of construction, tourism and retail. Some diversification has taken place, with the city now having an industrial base formed of marine, education, information communication and technology, food, tourism, creative, environment and sports industries. These nine industries have been identified as
1512-822: A series of works for Gold Coast Beaches including Gold Coast Seaway , works at Narrow Neck that resulted in the Northern Gold Coast Beach Protection Strategy and works at the Tweed River that became the Tweed River Entrance Sand Bypassing Project. By 2005 most of the recommendations of the 1971 Delft Report had been implemented. City of Gold Coast commenced implementation of the Palm Beach Protection Strategy but ran into considerable opposition from
1620-485: A significant portion of the Gold Coast at the federal level since 1949; the three Gold Coast divisions have only returned Liberals since 1984. At the state level, Labor was fairly competitive in the Gold Coast for most of the early part of the 21st century. However, as part of its massive landslide in the 2012 state election , the Liberal National Party won every seat there. The LNP repeated its sweep of
1728-517: A small beachside holiday destination to Australia's sixth largest city (and the country's most populous non-capital city). Situated within South East Queensland's growth corridor, the Gold Coast is one of Australia's fastest growing large cities, with a 5-year annual average population growth rate to 2015 of 1.8%, compared to 1.5% nationally. Gross Regional Product has risen from A$ 9.7 billion in 2001, to A$ 15.6 billion in 2008,
1836-481: A strong interest in the new technology. On 27 September 2012, the Reserve Bank of Australia stated that it had ordered work on a project to upgrade the current banknotes. The upgraded banknotes would incorporate a number of new future proof security features and include tactile features like Braille dots for ease of use of the visually impaired. All persons featured on the first polymer series were retained on
1944-562: A tourist-centred image, there is evidence of local resident-driven culture (such as surf gangs ) in geographical pockets and a broader 'Gold Coaster' identity drawn from globalised resort and real estate marketing material. The Gold Coast hosts cultural activities that attract tourists and residents alike. Music groups in this region include the Northern Rivers Symphony Orchestra and Operator Please . Musicians Cody Simpson and Ricki-Lee Coulter are from
2052-524: A view about the stability in value of the British pound. From 1946 to 1971, Australia maintained a peg under the Bretton Woods system , a fixed exchange rate system that pegged the U.S. dollar to gold, but the Australian dollar was effectively pegged to sterling until 1967 at £1 sterling = A£1 5s = A$ 2.50 = US$ 2.80. In 1967 Australia did not follow the pound sterling devaluation and remained fixed to
2160-478: A wholly owned subsidiary of the Reserve Bank of Australia. Note Printing Australia prints polymer notes or simply supplies the polymer substrate for a growing number of other countries including Bangladesh , Brunei , Chile , Kuwait , Malaysia , Mexico , Nepal , New Zealand , Papua New Guinea , Romania , Samoa , Singapore , Solomon Islands , Sri Lanka and Vietnam . Many other countries are showing
2268-415: Is 40 storeys high. The three towers include 711 apartments and wide range of guest facilities including a fifth floor swimming pool and garden, a number of indoor and outdoor lap pools, gymnasium facilities, a private movie theatre and club lounge. The 39th floor Penthouse set a new Gold Coast apartment price record when it sold for AUD$ 9.5 million in early 2018. The Chevron Renaissance complex includes
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#17327932671502376-697: Is a reserve currency and one of the most traded currencies in the world. Other factors in its popularity include a relative lack of central bank intervention, and general stability of the Australian economy and government. In January 2011 at the World Economic Forum in Davos , Switzerland , Alexey Ulyukaev announced that the Central Bank of Russia would begin keeping Australian dollar reserves. Australian notes are legal tender throughout Australia by virtue of section 36(1) of
2484-401: Is a coastal city and region in the state of Queensland , Australia, located approximately 66 kilometres (41 mi) south-southeast of the centre of the state capital , Brisbane . It is Queensland's second-largest city after Brisbane, as well as Australia's sixth-largest city and the most populous non-capital city. The city's central business district is located roughly in the centre of
2592-545: Is a twin city with Tweed Heads located directly across the NSW border. At 28°10′00″S 153°33′00″E / 28.1667°S 153.55°E / -28.1667; 153.55 , this is the most easterly point on the Queensland mainland (Point Lookout on the offshore island of North Stradbroke is slightly further east). From Coolangatta, approximately forty kilometres of holiday resorts and surfing beaches stretch north to
2700-900: Is almost 42 km of unbroken beachfront. Duranbah Beach is one of the world's best known surfing beaches and is often thought of as being part of Gold Coast City, but is actually just across the New South Wales state border in the Tweed Shire . There are also beaches along many of the Gold Coast's 860 km (530 mi) of navigable tidal waterways. Popular inland beaches include Southport , Budds Beach, Marine Stadium, Currumbin Alley , Tallebudgera Estuary, Jacobs Well, Jabiru Island, Paradise Point, Harley Park Labrador, Santa Barbara, Boykambil and Evandale Lake. Beach safety and management The Gold Coast has Australia's largest professional surf lifesaving service to protect people on
2808-517: Is also a subsidiary Magistrates Court, located at the southern suburb of Coolangatta . In 2013 a brawl between members of Outlaw motorcycle gangs also called "bikies" who fought each other outside a Broadbeach restaurant caused mass fear to restaurant patrons and police. This led to the toughest anti-bikie laws introduced in Australia known as Vicious Lawless Association Disestablishment Act 2013 . In fifty years, Gold Coast City has grown from
2916-540: Is also host of the AACTA Awards and the Gold Coast Film Festival . The Gold Coast is a major tourist destination with a sunny, subtropical climate and has become widely known for its surfing beaches (such as Surfers Paradise ), high-rise dominated skyline, theme parks , nightlife , and rainforest hinterland . The Gold Coast is the ancestral home of a number of Indigenous clans of
3024-520: Is also investing into the quality and capacity of the Gold Coast Oceanway that provides sustainable transport along Gold Coast beaches. The Gold Coast experiences a humid subtropical climate ( Köppen climate classification Cfa/Cwa ), with mild to warm winters and hot, humid summers. The city experiences substantial summer precipitation mostly concentrated in thunderstorms and heavy showers with rain events occasionally lasting up to
3132-696: Is also official currency in Kiribati , Nauru , and Tuvalu . It was legal tender in Papua New Guinea until 31 December 1975 when it was replaced by the kina , and in Solomon Islands until 1977 when it was replaced by the Solomon Islands dollar . In 1966, coins were introduced in denominations of 1 and 2 cents (bronze); 5, 10, and 20 cents ( cupronickel ; 75% copper, 25% nickel); and 50 cents (silver, then cupronickel). The 50-cent coins in 80% silver were no longer minted after March 1968 due to
3240-662: Is less than one hour from the centre of Gold Coast, and direct trains operate. Gold Coast City has over 13,000 available guest rooms contributing over $ 335 million to the local economy each year. Accommodation options available range from hostels to five star resorts and hotels. Tourist attractions include surf beaches, and theme parks including Dreamworld , Sea World , Wet'n'Wild Water World , Warner Bros. Movie World , WhiteWater World , Topgolf , Currumbin Wildlife Sanctuary , David Fleay Wildlife Park , Australian Outback Spectacular, and Paradise Country. Since
3348-793: Is on the site of the old Chevron Hotel in Surfers Paradise . The Chevron Renaissance commercial development occupies the block of land extending from the Gold Coast Highway in the east to Ferny Avenue in the west and from Circle on Cavill in the south halfway towards Cavill Avenue and Elkhorn Avenue in the north. Construction of the complex commenced in November 1999, was completed in December 2004 and opened in March 2005 by Queensland Premier Peter Beattie . The first part of
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3456-607: Is the region's biggest industry, directly contributing more than $ 4.4 billion into the city economy every year and directly accounting for one in four jobs in the city There are approximately 65,000 beds, 60 kilometres (37 mi) of beach, 600 kilometres (370 mi) of canal, 100,000 hectares of nature reserve, 500 restaurants, 40 golf courses and five major theme parks in the city. Gold Coast Airport provides connection across Australia and internationally with airlines including Flyscoot , Jetstar , Qantas , Air New Zealand , Virgin Australia and Airasia X . Brisbane Airport
3564-518: The 2018 Commonwealth Games . In the 2016 census , the urban area of the Gold Coast had a population of 540,559 people. According to the 2016 census , the population of the Gold Coast including rural areas was 569,997. The median age was 39 years old, 1 year older than the nationwide median. The male-to-female ratio was 48.6-to-51.4. The most commonly nominated ancestries were English (29.3%), Australian (22.5%), Irish (8.2%), Scottish (7.5%), and German (3.6%). 64% of people were born in Australia, while
3672-467: The Australian Labor government led by Prime Minister Bob Hawke and Treasurer Paul Keating floated the dollar, with the exchange rate reflecting the balance of payments as well as supply and demand on international money markets. The decision was made on 8 December 1983 and announced on 9 December 1983. In the two decades that followed, its highest value relative to the US dollar
3780-532: The Legislative Assembly of Queensland . The seats they hold are: Bonney , Broadwater , Burleigh , Coomera , Currumbin , Gaven , Mermaid Beach , Mudgeeraba , Southport , Surfers Paradise and Theodore . Federally, the Gold Coast area is split between five divisions in the House of Representatives : Fadden (northern), Moncrieff (central) and McPherson (southern) are located entirely within
3888-640: The Queensland Ballet . Musicals, plays and a variety of performances are regularly scheduled. The city is also home to the Gold Coast City Art Gallery . Film festivals and the Comedy Club host international artists. A redeveloped Gold Coast cultural precinct opened before the city hosted the 2018 Commonwealth Games . The two most popular sports on the Gold Coast are Australian rules football and rugby league , of which
3996-533: The Reserve Bank Act 1959 without an amount limit. Section 16 of the Currency Act 1965 similarly provides that Australian coins intended for general circulation are also legal tender, but only for the following amounts: However, being legal tender does not necessarily oblige businesses to accept cash. The Reserve Bank states that businesses can set commercial terms for a transaction that requires
4104-600: The Royal Australian Mint in Canberra . Before Federation in 1901, the six colonies that comprised Australia had separate currencies, all of which closely replicated the British currency system , and were usually exchangeable with each other on a one-to-one basis. Hence Federation was not seen as urgently requiring a single, unified currency. For another 10 years, colonial banknotes and coins continued to be
4212-567: The Shire of Nerang on 17 June 1949 with the effect of having the present-day Gold Coast coastal strip as a single local government area. As the tourism industry grew into the 1950s, local businesses began to adopt the term Gold Coast in their names, and on 23 October 1958 the Town of South Coast was renamed Town of Gold Coast . The area was proclaimed a city, despite the lack of a cathedral, less than one year later on 16 May 1959. The area boomed in
4320-585: The South African pound with the rand (worth 10 shillings or 1 ⁄ 2 pound). The Menzies government announced its support for decimalisation in July 1961, but delayed the process in order to give further consideration to the implementation process. In April 1963, Holt announced that a decimal currency was scheduled to be introduced in February 1966, with a base unit equal to 10 shillings, and that
4428-567: The Surfers Paradise skyline, with the observation deck 230 metres (750 feet) high, and the spire extending nearly another hundred metres up. In total, the Q1 is 322.5 metres (1,058 feet) high, making it the tallest building in Australia . Another famous tourist attraction are the Surfers Paradise Meter Maids , instituted in 1965 to put a positive spin on new parking regulations. To avoid tickets being issued for expired parking,
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4536-466: The U.S. dollar at A$ 1 = US$ 1.12. With the breakdown of the Bretton Woods system in 1971, Australia converted the traditional peg to a fluctuating rate against the US dollar. In September 1974, Australia valued the dollar against a basket of currencies called the trade weighted index (TWI) in an effort to reduce the fluctuations associated with its tie to the US dollar. The daily TWI valuation
4644-481: The 13,127 square metre Chevron Renaissance Shopping Centre. The centre was opened in 2000 and redeveloped in 2014, and includes a Coles supermarket, two Liquorlands and approximately 60 specialty tenants. The current site once accommodated the Chevron Hotel, which was a Gold Coast landmark. The new development was named Chevron Renaissance, as it is widely considered to be a catalyst in the revitalising of
4752-487: The 1980s as a leading tourist destination. In 1994, the City of Gold Coast local government area was expanded to include the Shire of Albert , becoming the second most populous local government area in Australia after the City of Brisbane . In 2007, the Gold Coast overtook the population of Newcastle, New South Wales , to become the sixth largest city in Australia and the largest non-capital city. The Gold Coast hosted
4860-448: The 1990s, with an expenditure of around $ 150 million per year. The Gold Coast is the third largest film production centre in Australia, behind Sydney and Melbourne. It is the filming site for major motion pictures including Muriel's Wedding (1994), Ghost Ship (2002), Scooby-Doo (2002), House of Wax (2005), Superman Returns (2006), Unbroken (2014), The Inbetweeners 2 (2014), San Andreas (2015), Pirates of
4968-451: The Australian dollar varies significantly during the business cycle, rallying during global booms as Australia exports raw materials, and falling during recessions as mineral prices slump or when domestic spending overshadows the export earnings outlook. This movement is in the opposite direction to other reserve currencies, which tend to be stronger during market slumps as traders move value from falling stocks into cash. The Australian dollar
5076-449: The Australian dollar were issued in 1966. The $ 1, $ 2, $ 10 and $ 20 notes had exact equivalents in the former pound notes. The $ 5 note was issued in 1967, the $ 50 was issued in 1973 and the $ 100 was issued in 1984. The $ 1 banknote was replaced by a $ 1 coin in 1984, while the $ 2 banknote was replaced by a smaller $ 2 coin in 1988. Although no longer printed, all previous notes of the Australian dollar remain legal tender. Shortly after
5184-478: The Australian pound into 1000 parts ". This recommendation was not accepted either. In February 1959, treasurer Harold Holt appointed a Decimal Currency Committee, chaired by Walter D. Scott , to examine the merits of decimalisation. The committee reported in August 1960 in favour of decimalisation and proposed that a new currency be introduced (from February 1963), to be modelled on South Africa's replacement of
5292-821: The Caribbean: Dead Men Tell No Tales (2017), Kong: Skull Island (2017), Thor: Ragnarok (2017), Pacific Rim: Uprising (2018), Aquaman (2018), Dora the Explorer (2019) and Godzilla vs. Kong (2021). Village Roadshow Studios are adjacent to the Warner Bros Movie World Theme Park at Oxenford . The Studios consists of eight sound stages, production offices, editing rooms, wardrobe, construction workshops, water tanks and commissary. These sound stages vary in size and have an overall floor area of 10,844 sq metres, making Warner Roadshow Studio one of
5400-598: The Chevron Hotel’s Main Block, which included a 24–lane bowling alley underneath and a large, modern convention centre – the Corroboree Room. The Chevron was then as modern as any hotel in Australia and closer to international standards than any resort hotel in the nation. In 1987 most of the Chevron was demolished, leaving Surfers Paradise with a two- hectare hole in the middle of town for more than
5508-512: The Chevron was a temporary public bar that opened in June 1957. In August 1957 the upstairs Skyline Cabaret opened – a spacious indoor beer garden where liquor, meals and coffee were available with entertainment and dancing. In June 1958 the first accommodation wing opened at the new Chevron Hotel. This was followed in September by a second wing. In September 1960, work began on the construction of
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#17327932671505616-488: The Gold Coast in the suburb of Southport . The urban area of the Gold Coast is concentrated along the coast, sprawling almost 60 kilometres, joining up with the Greater Brisbane metropolitan region to the north and to the state border with New South Wales to the south. Nicknames of the city include the ‘Glitter Strip’ and the ‘Goldy’. The demonym of a Gold Coast resident is Gold Coaster. The area that became
5724-480: The Gold Coast seats at the 2015 election , and retained all but one Gold Coast seat at the 2017 state election . Southport Courthouse is the city's major courthouse and has jurisdiction to hear petty criminal offences and civil matters up to A$ 250,000. Indictable offences, criminal sentencing and civil matters above A$ 250,000 are heard in the higher Supreme Court of Queensland which is located in Brisbane. There
5832-430: The Gold Coast was originally inhabited by the indigenous Yugambeh people . The city grew from a collection of small townships, the earliest being Nerang in 1865. From the 1920s onwards, tourism led to significant economic growth in the region, and by 1959 the Gold Coast was declared a city, with its first skyscraper being built in 1960. The Gold Coast boomed from the 1980s onwards with skyscraper construction . This era
5940-470: The Gold Coast, while Forde (north-west) and Wright (south-west) encompass parts of the Gold Coast and other areas of Southeast Queensland. Politically, the Gold Coast has often tilted conservative. It was a Country Party bastion for most of the first three decades after World War II, but increasing urbanisation has made it a Liberal stronghold. Labor has historically only done well around Labrador and Coolangatta. Only one Labor MP has ever represented
6048-605: The Gold Coast. Music events include Big Day Out , Good Vibrations Festival , Summafieldayze, the Blues on Broadbeach Festival and V Festival (2007–2009). Home of the Arts (HOTA) is the Gold Coast's premier cultural facility for visual and performing arts with a performance theatre, two cinemas and an underground venue. The theatre has hosted performance by the Imperial Russian Ballet , The Australian Ballet and
6156-592: The Meter Maids dispense coins into the meter and leave a calling card under the windscreen wiper of the vehicle. The Maids are still a part of the Surfers Paradise culture but the scheme is now run by private enterprise. Chinatown, Gold Coast , is an integral part of the revitalisation of Southport as an international CBD. The Gold Coast is the major film production hub in Queensland and has accounted for 75% of all film production in Queensland since
6264-867: The Skyline Bar, which was opened in 1957 as part of the Chevron Hotel. The first Tower of the Chevron Renaissance project, Skyline, was completed in January 2003. The second, Skyline North, was completed in May 2004. The third Tower, Skyline Central, was completed in October 2004. In 2002 property management company S8 Ltd purchased the management rights to the first Tower of the Chevron Renaissance project, Skyline. In 2006, hotel group Accor took over management rights to all three towers from S8. In 2015, property management company Mantra Group purchased
6372-497: The Surfers Paradise tourist district and was completed in October 2000. The original hotel housed the Skyline Lounge (opened August, 1957), which was a popular landmark bar and nightclub where many local and international acts would perform. The lounge was the launching pad for many great Australian performers such as Johnny O'Keefe , Ricky May and Colleen Hewett . In 2014, the Chevron Renaissance Shopping Centre underwent
6480-504: The UK pound, it was divided into 240 pence, or 20 shillings (each comprising 12 pence). In December 1931, the Australian currency was devalued by 25%, so that one pound five shillings Australian was equivalent to one pound sterling. In 1937, a banking royal commission , appointed by the Lyons government , recommended that Australia adopt "a system of decimal coinage ... based upon the division of
6588-522: The Yugambeh people, including the Kombumerri , Mununjali , and Wangerriburra clans. Europeans arrived in 1823 when explorer John Oxley landed at Mermaid Beach. The hinterland's red cedar supply attracted people to the area in the mid-19th century. A number of small townships developed along the coast and in the hinterland. The western suburb of Nerang was surveyed and established as a base for
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#17327932671506696-448: The amount. On the introduction of the currency, the $ symbol was intended to have two strokes, but the version with one stroke has also always been acceptable. In 2023 , there were A$ 4.4 billion in coins and A$ 101.3 billion in notes of Australian currency in circulation , or around A$ 6,700 per person in Australia, which includes cash reserves held by the banking system and cash in circulation in other countries or held as
6804-539: The beaches and to promote surf safety throughout the community. The Queensland Department of Primary Industries carries out the Queensland Shark Control Program (SCP) to protect swimmers from sharks. Sharks are caught by using nets and baited drumlines off the major swimming beaches. Even with the SCP, sharks do range within sight of the patrolled beaches . Lifeguards will clear swimmers from
6912-691: The changeover, substantial counterfeiting of $ 10 notes was detected. This provided an impetus for the Reserve Bank of Australia to develop new note technologies jointly with the Commonwealth Scientific and Industrial Research Organisation , culminating in the introduction of the first polymer banknote in 1988. Australia was the first country to produce polymer banknotes , more specifically made of polypropylene polymer, which were produced by Note Printing Australia . These revolutionary polymer notes are cleaner than paper notes, are more durable and easily recyclable. The first polymer banknote
7020-465: The circulating two dollar, one dollar, and 20 cent coins. In commemoration of the 40th anniversary of decimal currency , the 2006 mint proof and uncirculated sets included one- and two-cent coins. In early 2013, Australia's first triangular coin was introduced to mark the 25th anniversary of the opening of Parliament House. The silver $ 5 coin is 99.9% silver, and depicts Parliament House as viewed from one of its courtyards. The first paper issues of
7128-564: The city is represented by professional teams in two most popular national competitions: Australian dollar The Australian dollar ( sign : $ ; code : AUD ; also abbreviated A$ or sometimes AU$ to distinguish it from other dollar-denominated currencies ; and also referred to as the dollar or Aussie dollar ) is the official currency and legal tender of Australia , including all of its external territories , and three independent sovereign Pacific Island states : Kiribati , Nauru , and Tuvalu . In April 2022 , it
7236-457: The city rarely experiences temperatures above 35 °C (95 °F) in summer or below 5 °C (41 °F) in winter. The average temperature of the sea at Surfers Paradise ranges from 21.5 °C (70.7 °F) in July and August to 27.1 °C (80.8 °F) in February. Administratively, the Gold Coast is a local government area called the City of Gold Coast . The City of Gold Coast Council has 14 elected councillors, each representing
7344-625: The city that is home to over 80,000 residents. The city consists of 70 kilometres (43 mi) of coastline, with some of the most popular surf breaks in Australia and the world, including South Stradbroke Island , The Spit , Main Beach , Surfers Paradise , Broadbeach , Mermaid Beach, Nobby's Beach, Miami , North Burleigh Beach, Burleigh Beach, Burleigh Heads , Tallebudgera Beach, Palm Beach , South Palm Beach, Currumbin Beach, Tugun, Bilinga , North Kirra Beach Kirra , Coolangatta , Greenmount , Rainbow Bay, Snapper Rocks and Froggies Beach. There
7452-670: The city's canal estates. Breakwaters on either side of the Seaway prevent longshore drift and the bar from silting up. A sand pumping operation on the Spit pipes sand under the Seaway to continue this natural process. Residential canals were first built in the Gold Coast in the 1950s and construction continues. Most canals are extensions to the Nerang River, but there are more to the south along Tallebudgera Creek and Currumbin Creek and to
7560-613: The community participating in a NO REEF protest campaign. The City of Gold Coast Council then committed to completing a review of beach management practices to update the Delft Report. The Gold Coast Shoreline Management Plan will be delivered by organisations including the Environmental Protection Agency , City of Gold Coast and the Griffith Centre for Coastal Management. Gold Coast City
7668-429: The east coast of the Australian continent, followed in 1977 by a coin for Queen Elizabeth II's Silver Jubilee , the wedding of Charles, Prince of Wales and Lady Diana Spencer in 1981, the Brisbane Commonwealth Games in 1982, and the Australian Bicentenary in 1988. Issues expanded into greater numbers in the 1990s and the 21st century, responding to collector demand. Commemorative designs have also been featured on
7776-400: The end of China's large-scale purchases of Australian commodities in 2013, however, the Australian dollar's value versus the US dollar has since plunged to $ 0.88 as of end-2013, and to as low as $ 0.57 in March 2020. As of 2024, it has traded at a range of $ 0.63 to $ 0.68. In 2016, the Australian dollar was the fifth most traded currency in world foreign exchange markets , accounting for 6.9% of
7884-580: The first time since becoming a freely traded currency, trading above US$ 1 for a few seconds. The currency then traded above parity for a sustained period of several days in November, and fluctuated around that mark into 2011. On 27 July 2011, the dollar hit a record high since floating, at $ 1.1080 against the US dollar. Some commentators speculated that its high value that year was related to Europe's sovereign debt crisis , and Australia's strong ties with material importers in Asia and in particular China . Since
7992-483: The former Australian, New Zealand, and British sixpence, shilling, and two shilling (florin) coins. Pre-decimal Australian coins remain legal tender for 10 cents per shilling. Before 2006 the old New Zealand 5, 10 and 20 cent coins were often mistaken for Australian coins of the same value, and vice versa, and therefore circulated in both countries. The UK replaced these coins with smaller versions from 1990 to 1993, as did New Zealand in 2006. Still, some confusion occurs with
8100-448: The foundation for three towers. The development was carried out at an average of 4.5 apartments a week over three years. The triple Towers of Chevron Renaissance used approximately 55,000 of concrete and more than 10,000 tonnes of steel reinforcement during the construction . It was a massive project including five acres of retail, commercial and dining space, three residential towers and two acres of garden podium and lagoon on
8208-536: The framework for the city's long-term growth and prosperity. The strategy outlines actions in the following areas, Innovation, Culture, Infrastructure, Competitive business, Workforce, International. The Gold Coast is the most popular tourist destination in Queensland. It is Australia's 5th most visited destination by international tourists. Around 10 million tourists visit the Gold Coast area every year consisting of 849,114 international visitors, 3,468,000 domestic overnight visitors and 5,366,000 daytrip visitors. Tourism
8316-516: The holiday seaside shack – including fibro cement, metal containers, and left-over farm sheds; even disused trams were sold off as seaside shacks. After the establishment of the Surfers Paradise Hotel in the late 1920s, the Gold Coast region grew significantly. The Gold Coast was originally known as the South Coast (because it was south of Brisbane). However, over-inflated prices for real estate and other goods and services led to
8424-554: The industry and by 1870 a town reserve had been set aside. By 1873, the town reserve of Burleigh Heads had also been surveyed and successful land sales had taken place. In 1875, the small settlement opposite the boat passage at the head of the Nerang River , known as Nerang Heads or Nerang Creek Heads, was surveyed and renamed Southport , with the first land sales scheduled to take place in Beenleigh. Southport quickly grew
8532-505: The intrinsic value of the silver content rising to exceed the face value of the coins. Aluminium bronze (92% copper, 6% aluminium, 2% nickel) 1 dollar coins were introduced in 1984, followed by aluminium bronze 2 dollar coins in 1988, to replace the banknotes of that value. In everyday Australian parlance, these coins collectively are referred to as "gold coins". 1 and 2 cent coins were discontinued in 1991 and withdrawn from circulation in 1992; since then cash transactions have been rounded to
8640-509: The key industries by the City of Gold Coast Council to deliver the city's economic prosperity. Gold Coast City's unemployment rate (5.6 per cent) is below the national level (5.9 per cent). The declaration of Southport as the Gold Coast central business district (CBD) and a Priority Development Area (PDA), as well as new investment into the CBD, is driving transformative change and creating new business and investment opportunities. The Gold Coast Economic Development Strategy 2013–2023 outlines
8748-654: The larger-denomination coins in the two countries; Australia's $ 1 coin is similar in size to New Zealand's $ 2 coin, and the New Zealand $ 1 coin is similar in size to Australia's $ 2 coin. With a mass of 15.55 grams (0.549 oz) and a diameter of 31.51 millimetres ( 1 + 1 ⁄ 4 in), the Australian 50-cent coin is one of the largest coins used in the world today. The Royal Australian Mint also has an international reputation for producing quality numismatic coins. It has first issued commemorative 50-cent coins in 1970, commemorating James Cook 's exploration along
8856-583: The largest studio lots in the Southern Hemisphere. The Queensland Government actively supports the film and television production industry in Queensland and provides both non-financial and financial assistance through the Pacific Film and Television Commission. The Gold Coast's culture has been affected by rapid development and traditional marketing programs orbiting around 'sun, sand, surf and sex.' Despite rapid socio-economic changes and
8964-526: The length of the canals of Venice , Italy) and artificial islands covered in upmarket homes. The heavily developed coastal strip sits on a narrow barrier sandbar between these waterways and the sea. To the west, the city borders a part of the Great Dividing Range commonly referred to as the Gold Coast hinterland . A 206 km (80 sq mi) section of the mountain range is protected by Lamington National Park and has been listed as
9072-433: The main circulating currencies. In 1902, a select committee of the House of Representatives , chaired by George Edwards , had recommended that Australia adopt a single, national decimal currency, with a pound divided into ten florins and each florin comprising 100 cents. However, the recommendation was not acted upon. The Australian pound (A£) was introduced in 1910, at par with the pound sterling (A£1 = UK£1). Like
9180-535: The management rights to Towers of Chevron Renaissance, and renamed them the Mantra Towers of Chevron Surfers Paradise. The complex occupies a block which stretches from Gold Coast Highway in the east, west to Ferny Avenue; from the Circle on Cavill buildings to the south; half way towards Cavill Avenue ; and north to Elkhorn Avenue. Skyline is 38 storeys high, Skyline North is 50 storeys and Skyline Central
9288-558: The most common religious affiliations in Gold Coast reported were none (43.4%), Catholic (18.2%), Anglican (11.9%), Uniting Church (2.9%), Non-denominational Christian (3.1%), Presbyterian and Reformed (1.9%), Buddhism (1.4%), Pentecostal (1.3%), Baptist (1.1%), Hinduism (1.1%) and Islam (1.0%). The Gold Coast is approximately half covered by forests of various types. This includes small patches of near-pristine ancient rainforest, mangrove-covered islands, and patches of coastal heathlands and farmland with areas of uncleared eucalyptus forest. Of
9396-456: The nearest 5 cents . Australia's coins are produced by the Royal Australian Mint , which is located in the nation's capital, Canberra . Since opening in 1965, the Mint has produced more than 14 billion circulating coins, and has the capacity to produce more than two million coins per day, or more than 600 million coins per year. Current Australian 5, 10 and 20 cent coins are identical in size to
9504-418: The nickname of "Gold Coast" from 1950. South Coast locals initially considered the name "Gold Coast" derogatory. However, soon the "Gold Coast" simply became a convenient way to refer to the holiday strip from Southport to Coolangatta . The Town of South Coast was formed through the amalgamation of Town of Coolangatta and Town of Southport along with the coastal areas (such as Burleigh Heads) from
9612-481: The north along the Gold Coast Broadwater , South Stradbroke Island , Coomera River and southern Moreton Bay. Early canals included Florida Gardens and Isle of Capri which were under construction at the time of a 1954 flood. Recently constructed canals include Harbour Quays and Riverlinks completed in 2007. There are over 890 kilometres (550 mi) of constructed residential waterfront land within
9720-671: The opening of what was then the world's highest residential tower in 2005 (it is now the 17th highest), the Q1 building has been a destination for tourists and locals alike. It is the second highest public vantage point in the southern hemisphere after the Eureka Tower in Melbourne. The observation deck at level 77 is the highest of its kind in Queensland and offers views in all directions, from Brisbane to Byron Bay . It towers over
9828-480: The other most common countries of birth were New Zealand (7.9%), England (5.2%), China and South Africa (1.2% each), and Japan (0.7%). Indigenous Australians accounted for 1.7% of the population. The most commonly spoken languages other than English were Mandarin (1.6%), Japanese (1.0%), Korean and Spanish (0.6% each), and Cantonese (0.5%). According to the Australian Official Census in 2021,
9936-479: The plantation pine forests that were planted in the 1950s and 1960s, when commercial forest planting for tax minimisation was encouraged by the Commonwealth government, tiny remnants remain. Most of the Gold Coast area was covered by forest prior to European human settlement and extensive land clearing in the 19th century. Gold Coast City lies in the southeast corner of Queensland , to the south of Brisbane ,
10044-572: The prevailing view that the Australian dollar offers diversification benefits in a portfolio containing the major world currencies, especially because of its greater exposure to Asian economies and the commodities cycle. Economists posit that commodity prices are the dominant driver of the Australian dollar, and this means changes in exchange rates of the Australian dollar occur in ways opposite to many other currencies. For decades, Australia's balance of trade has depended primarily upon commodity exports such as minerals and agricultural products. This means
10152-598: The roof. The three towers in the Chevron Renaissance are: The Towers were constructed on the site of the old Chevron Hotel, which ceased trading in the mid-1980s and was demolished in 1987. The site remained empty until it was purchased and redeveloped in the late 1990s by the Raptis Group. Construction of the Towers of Chevron Renaissance commenced in September 2001 and was completed in December 2004. They were named Skyline, Skyline North and Skyline Central in honour of
10260-447: The second polymer series. However, following the death of Queen Elizabeth II, the government has announced that the $ 5 note will be replaced with a design reflecting Indigenous history and culture. Prior to 1983, Australia maintained a fixed exchange rate . The Australian pound was initially at par from 1910 with the British pound or A£1 = UK£1; from 1931 it was devalued to A£1 = 16s sterling. This reflected its historical ties as well as
10368-693: The state capital. The Albert River separates the Gold Coast from Logan City , a local government area south of the City of Brisbane . Gold Coast City stretches from the Albert River, Logan River , and Southern Moreton Bay to the border with New South Wales (NSW) approximately 56 km (35 mi) south, and extends from the coast west to the foothills of the Great Dividing Range in World Heritage listed Lamington National Park . The southernmost town of Gold Coast City, Coolangatta , includes Point Danger and its lighthouse . Coolangatta
10476-433: The suburb of Main Beach, and then further on Stradbroke Island. The suburbs of Southport and Surfers Paradise form the Gold Coast's commercial centre. The major river in the area is the Nerang River . Much of the land between the coastal strip and the hinterland were once wetlands drained by this river, but the swamps have been converted into man-made waterways (over 260 kilometres (160 mi) in length or over 9 times
10584-440: The use of a non-cash payment. However, a business may technically be required to accept cash if they are taken to court, but this is usually not a viable option for consumers. Australian notes and coins are also legal tender in the independent sovereign states of Kiribati , Nauru , and Tuvalu . Nauru never had its own currency. Tuvalu and Kiribati additionally had their respective Tuvaluan and Kiribati dollars at par with
10692-465: The water if it is considered that there is a safety risk. Gold Coast beaches have experienced periods of severe beach erosion . In 1967, a series of 11 cyclones removed most of the sand from Gold Coast beaches. The Government of Queensland engaged engineers from Delft University in the Netherlands to advise what to do about the beach erosion. The Delft Report was published in 1971 and outlined
10800-534: The world's daily share (down from 8.6% in 2013) behind the United States dollar , the euro , the Japanese yen and the pound sterling . The Australian dollar is popular with currency traders, because of the comparatively high interest rates in Australia, the relative freedom of the foreign exchange market from government intervention, the general stability of Australia's economy and political system, and
10908-465: Was $ 0.881 in December 1988. The lowest ever value of the dollar after it was floated was 47.75 US cents in April 2001. It returned to above 96 US cents in June 2008, and reached 98.49 later that year. Although the value of the dollar fell significantly from this high towards the end of 2008, it gradually recovered in 2009 to 94 US cents. On 15 October 2010, the dollar reached parity with the US dollar for
11016-421: Was announced that it would instead be named the "dollar". The pound was replaced by the dollar on 14 February 1966 with the conversion rate of A$ 2 = A£1. For example, a pre-decimal amount of nine pounds, sixteen shillings and sixpence (£9 16s 6d) became $ 19.65 in terms of dollars and cents. Since Australia was still part of the fixed-exchange sterling area , the exchange rate was fixed to the pound sterling at
11124-595: Was changed in November 1976 to a periodically adjusted valuation. The highest valuation of the Australian dollar relative to the U.S. dollar was during the period of the peg to the U.S. dollar. On 9 September 1973, the peg was adjusted to US$ 1.4875, the fluctuation limits being changed to US$ 1.485–US$ 1.490; on both 7 December 1973 and 10 December 1973, the noon buying rate in New York City for cable transfers payable in foreign currencies reached its highest point of 1.4885 U.S. dollars to one dollar. In December 1983,
11232-485: Was defined by the city's ‘white-shoe brigade' developers, neon lights , and organised crime , particularly the yakuza and the Russian mafia . The late 20th century saw the city's tourism diversify with theme park openings, and in the early 21st century became an international destination for film production. The Gold Coast has a diverse economy with strengths in health, tourism, arts and culture, and construction, with
11340-520: Was issued in 1988 as a $ 10 note commemorating the bicentenary of European settlement in Australia. The note depicted on one side a young male Aboriginal person in body paint, with other elements of Aboriginal culture. On the reverse side was the ship Supply from the First Fleet, with a background of Sydney Cove, as well as a group of people to illustrate the diverse backgrounds from which Australia has evolved over 200 years. The first polymer series
11448-451: Was rolled out starting 1992 and featured the following persons: A special centenary issue of the $ 5 note in 2001 featured Sir Henry Parkes and Catherine Helen Spence . In 2015–2016 there were petitions to feature Fred Hollows on the upgraded $ 5 note, but failed to push through when the new note was introduced on 1 September 2016. Australia also prints polymer banknotes for a number of other countries through Note Printing Australia ,
11556-411: Was the sixth most-traded currency in the foreign exchange market and as of Q4 2023 the seventh most-held reserve currency in global reserves . The Australian dollar was introduced as a decimal currency on 14 February 1966 to replace the non-decimal Australian pound , with the conversion rate of two dollars to the pound (A£1 = A$ 2). It is subdivided into 100 cents . The $ symbol precedes
11664-530: Was transformed into a food and beverage area. In 2015 the Chevron Renaissance Shopping Centre was purchased by Precision Group for $ 74 million from Morgan Stanley's Arena Investment Management in a deal backed by the Bank of China . Raptis Group received several awards for the Chevron Renaissance project: [REDACTED] Media related to Chevron Renaissance at Wikimedia Commons Gold Coast, Queensland The Gold Coast , also known by its initials, GC ,
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