The committee presented its report in August 1960. It recommended the date of introduction of the new system to be the second Monday in February, 1963. In July 1961 the Commonwealth Government confirmed its support of a decimal currency system, but considered it undesirable to make final decisions on the detailed arrangement that would be necessary to effect the change. On 7 April 1963 the Commonwealth Government announced that a system of decimal currency was to be introduced into Australia at the earliest practicable date, and gave February 1966, as the tentative change-over date. On 14 February 1966, a decimal currency, the dollar of one hundred cents, was introduced.