First - doing a 40-50% water change once a month will not, in the long run, be a healthy situation for your fish. In a cycled tank, the nitrates and such will build to amazing levels - lowering the fish's immunities as well as having other, detrimental effects. More frequent water changes are very important. Even with a heavily planted tank - processing most of the nitrates, the water still will carry many problems - and needs to be changed out.
http://www.kokosgoldfish.invisionzone.com/...showtopic=41152Next - the beneficial bacteria that make up your biological cycle use oxygen in their processing of the ammonia/nitrites. They break the ammonia/nitrite up and, combining it with oxygen, process it into nitrate. Without oxygen, these bacteria cannot process the waste into the final products we expect - nitrates.
When you have a hollow ornament, the water in the ornament will sit - stagnant. It does not get any flow of water through it - water that brings oxygen and such. In that environment of oxygen deprived water, another type of bacteria sets up camp. This bacteria, in and of itself is not necessarily harmful to the fish. It does not infect them or cause disease, but it will process the waste of the tank in a different fashion from what you wish. It takes the ammonia and breaks it apart and the final product is H2S, Hydrogen sulfide as well as possibly some other nasties. If a fish were to get a shootful of this, as it pokes into the ornament or as you lift the thing out, releasing the gasses into the tank, it could injure or kill the fish.
The best way to prevent this from happening is simply not to have a hollow ornament. I know that is easier said than done, though, for so many are really pretty. So - you can place a small airstone into the bottom of the ornament and run air bubbles up through the ornament. This will move the water through the ornament, preventing any stagnant water from collecting.
Another way is to fill the ornament. Many lend themselves to filling - if the majority of the ornament is closed off - and has only a few holes, you can fill the ornament. The best way I have found it to use aquaium sealant to fill all or most of the holes. Then pour in small gravel or sand into the ornament to fill it. I then seal the sand/gravel into the ornament by meltin food grade wax and pouring that into the ornament. The wax holds the sand/gravel securely, adds weight and fills in all the air pockets - your ornament will not float! When the wax has cooled and solidified, I then use more aquaruim sealant to seal over any exposed wax. This ornament will not harbor toxic gasses or bacteria, will not float and works well.