Currency Regulations (Amendment) (Cth)

Statutory Rules 1990 No. 4591

Currency Regulations2 (Amendment)

I,THE GOVERNOR-GENERAL of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulations under the Currency Act 1965.

Dated 21 December 1990.

BILL HAYDEN

Governor-General

By His Excellency’s Command,

R. McMULLAN

Parliamentary Secretary to the Treasurer

for and on behalf of the

Treasurer

1. Amendment

1.1 The Currency Regulations are amended as set out in these Regulations.

2. Regulation 3 (Weight, dimensions and remedy of coins)

2.1 Subregulation 3(1a):

Omit "10a". substitute "20".

S.R. 495/901—Cat. No. 3/17.12. 1994

 

3. Regulation 4 (Designs of coins)

3.1 After subparagraph 4 (c) (iac), insert:

"(iad) in the case of a coin of the denomination of $10. being a coin referred to in subparagraph (d) (viiiee)—an effigy of the Queen and the inscriptions ‘ELIZABETH II AUSTRALIA’ and ‘10 DOLLARS’, all encircled by raised beads inside the rim of the coin;".

3.2 After subparagraph 4 (c) (iv), insert:

"(iva) in the case of a coin of the denomination of $150—an effigy of the Queen and the inscriptions ‘ELIZABETH II AUSTRALIA’ and ‘150 DOLLARS’, all encircled by raised beads inside the rim of the coin;

"(ivb) in the case of a coin of the denomination of $500—an effigy of the Queen and the inscription ‘ELIZABETH II AUSTRALIA’ and ‘500 DOLLARS’, all encircled by raised beads inside the rim of the coin;

"(ivc) in the case of a coin of the denomination of $2,500—an effigy of the Queen and the inscription ‘ELIZABETH II AUSTRALIA’ and ‘2,500 DOLLARS’, all encircled by raised beads inside the rim of the coin;

"(ivd) in the case of a coin of the denomination of $10,000— an effigy of the Queen and the inscription ‘ELIZABETH II AUSTRALIA’ and ‘10,000 DOLLARS’, all encircled by raised beads inside the rim of the coin;".

3.3 Subparagraph 4 (d) (vi):

Omit "(viibaa) or (viibab)", substitute "(viiibaa), (viiibab) or (viiibac)".

3.4 After subparagraph 4 (d) (viiibab). insert:

"(viiibac) in the case of a coin of the denomination of 50 cents that refers on its obverse side to the year 1991 as the year of the coin—the inscription ‘25TH ANNIVERSARY OF DECIMAL CURRENCY’ and ‘FIFTY CENTS’ and a representation of a ram bust;".

3.5 Subparagraph 4 (d) (viiiec) (a):

Omit "item 10", substitute "item 19".

3.6 Sub-subparagraph 4 (d) (viiiec) (b):

Omit "item 10", substitute "item 19".

3.7 Sub-subparagraph 4 (d) (viiiec) (b):

Omit "item 10A", substitute "item 20".

3.8 Sub-subparagraph 4 (d) (viiied) (a):

Omit "item 10", substitute "item 19".

3.9 Sub-subparagraph 4 (d) (viiied) (b):

Omit "item 10", substitute "item 19".

3.10 Sub-subparagraph 4 (d) (viiied) (b):

Omit "item 10A", substitute "item 20".

3.11 After subparagraph 4 (d) (viiied), insert:

"(viiiee) in the case of a coin of the denomination of $10 the composition of which is not less than 99.9% silver—the inscription THE AUSTRALIAN KOOKABURRA 2 OZ 999 SILVER’, a representation of a kookaburra perched on a tree stump and a representation of 2 Australian flora and the inscription (in figures) of a year, all encircled by raised beads inside the rim of the coin;

(viiief) in the case of a coin of the denomination of $10 that refers on its obverse side to the year 1991 as the year of the coin:

(a) being a coin the weight, dimensions and remedy of which are as specified in item 19 in the Schedule—the inscriptions TASMANIA’ and ‘10 DOLLARS’ and a representation of the coat of arms of the State of Tasmania; or

(b) being a coin, the weight, dimensions and remedy of which are as specified in item 19 in the Schedule or a coin the weight, dimensions and remedy of which are specified in item 20 of the Schedule— the inscription ‘10 DOLLARS’ and a representation of a jabiru against a background body of water;".

3.12 Subparagraph 4 (d) (viiih):

Omit " (viiiha)", substitute "(viiiha) or (viiihb)".

3.13 After subparagraph 4 (d) (viiiha), insert:

"(viiihb) in the case of a coin of the denomination of $50 the composition of which is not less than 99.9% silver—the inscription THE AUSTRALIAN KOOKABURRA 10 OZ 999 SILVER’, a representation of a kookaburra perched on a tree stump and of 2 Australian flora and the inscription (in figures) of a year, all encircled by raised beads inside the rim of the coin;".

3.14 After subparagraph 4 (d) (viiija), insert:

"(viiik) in the case of a coin of the denomination of $150 the composition of which is not less than 99.9% silver—the inscription THE AUSTRALIAN KOOKABURRA 1 KILO 999 SILVER’, a representation of a kookaburra perched on a tree stump and of 2 Australian flora and the inscription (in figures) of a year, all encircled by raised beads inside the rim of the coin:".

3.15 Subparagraph 4 (d) (ix):

Omit "(xiv) or (xv)", substitute "(xiv), (xv) or (xvi)".

3.16 Subparagraph 4 (d) (xiv):

Omit "coin; and", substitute "coin;".

3.17 Subparagraph 4 (d) (xv):

Omit "coin.", substitute "coin;".

3.18 Add at the end:

"(xvi) in the case of a coin of the denomination of $200 that refers on its obverse side to the year 1991 as the year of the coin—the inscriptions ‘PRIDE OF AUSTRALIA’ and ‘TWO HUNDRED DOLLARS’ and a representation of an emu, against a background of grass and rocks, all encircled by raised beads inside the rim of the coin;

(xvii) in the case of a coin of the denomination of $500 the composition of which is not less than 99.99% gold—the inscription ‘THE AUSTRALIAN NUGGET 2 OZ 9999 GOLD’, an inscription of the name of the species of macropod marsupial and a representation of an animal of that species superimposed on a sunburst design, and the inscription (in figures) of a year, all encircled by raised beads inside the rim of the coin;

(xviii) in the case of a coin of the denomination of $500 the composition of which is not less than 99.95% platinum— the inscription ‘THE AUSTRALIAN KOALA 2 OZ 9995 PLATINUM’, a representation of a koala clinging to a tree limb and the inscription (in figures) of a year;

(xix) in the case of a coin of the denomination of $2,500 the composition of which is not less than 99.99% gold—the inscription ‘THE AUSTRALIAN NUGGET 10 OZ 9999 GOLD’, an inscription of the name of the species of macropod marsupial and a representation of an animal of that species superimposed on a sunburst design, and the inscription (in figures) of a year, all encircled by raised beads inside the rim of the coin;

(xx) in the case of a coin of the denomination of $2,500 the composition of which is not less than 99.95% platinum— the inscription ‘THE AUSTRALIAN KOALA 10 OZ 9995 PLATINUM’, a representation of a koala clinging to a tree limb and the inscription (in figures) of a year;

(xxi) in the case of a coin of the denomination of $10,000 the composition of which is not less than 99.99% gold—the inscription ‘THE AUSTRALIAN NUGGET 1 KILO 9999 GOLD’, an inscription of the name of the species of macropod marsupial and a representation of an animal of that species superimposed on a sunburst design, and

the inscription (in figures) of a year, all encircled by raised beads inside the rim of the coin; and

(xxii) in the case of a coin of the denomination of $10,000 the composition of which is not less than 99.95% platinum— the inscription THE AUSTRALIAN KOALA 1 KILO 9995 PLATINUM’, a representation of a koala clinging to a tree limb and the inscription (in figures) of a year.".

4. Regulation 7 (The Schedule to the Act)

4.1 Add at the end:

"(8) The Act has effect, on and after 2 January 1991, as if:

(a) there were included in the Schedule to the Act a reference to a denomination of ‘Ten thousand dollars’; and

(b) there were specified in that Schedule opposite to that denomination of $10,000, as the standard composition of that denomination, the expressions ‘Not less than 99.99% gold’ and ‘Not less than 99.95% platinum’; and

(c) there were included in the Schedule to the Act a reference to a denomination of ‘Two thousand five hundred dollars’; and

(d) there were specified in that Schedule opposite to that denomination of $2,500 as the standard composition of coins of that denomination, the expression ‘Not less than 99.99% gold’ and ‘Not less than 99.95% platinum’; and

(e) there were included in the Schedule to the Act a reference to a denomination of ‘Five hundred dollars’; and

(f) there were specified in that Schedule opposite to that denomination of $500, as the standard composition of coins of that denomination, the expression ‘Not less than 99.99% gold’ and ‘Not less than 99.95% platinum’; and

(g) there were included in the Schedule to the Act a reference to a denomination of ‘One hundred and fifty dollars’; and

(h) there were specified in that Schedule opposite to that denomination of $150, as the expressions of coins of that denomination, the expression ‘Not less than 99.9% silver’; and

(i) the reference in the Schedule to the Act, opposite to the reference to the denomination ‘Fifty dollars’, to the expressions of coins of that denomination included the expressions ‘Not less than 99.99% gold’, ‘Not less than 99.95% platinum’ and ‘Not less than 99.9% silver’; and

(j) the reference in the Schedule, opposite to the reference to the denomination ‘Ten dollars’, to the standard composition of coins of that denomination included the expressions ‘92.5% silver and 7.5% other metal’ and ‘Not less than 99.9% silver’.".

5. Schedule

5.1 Omit the Schedule, substitute:

SCHEDULE Regulation 3

WEIGHT, DIMENSIONS AND REMEDY OF COINS

Column 1	Column 2	Column 3	Column 4	Column 5		Column 6	Column 7
Item No.	Denom­ination	Standard composition	Standard weight		Diameter	Thickness	Remedy in respect of weight
Grams		Millimetres	Millimetres	Grams
1	$10 000	Not less than 99.99% gold	1000.350		75.3	12.9	0.25
2	$10 000	Not less than 99.95% platinum	1001.00		75.3	12.9	0.50
3	$2 500	Not less than 99.99% gold	311.317		60.3	6.9	0.25
4	$2 500	Not less than 99.95% platinum	311.691		60.3	6.9	0.5
5	$500	Not less than 99.99% gold	62.265		40.6	3.5	0.05
6	$500	Not less than 99.95% platinum	62.313		40.6	3.3	0.075
7	$200	11/12 gold and 1/12 other metal	10.00		24.20	2.00	0.06
8	$150	Not less than 99.9% silver	1002.502		10.1	13.6	1.5
9	$100	Not less than 99.99% gold	31.162		32.10	2.80	0.055
10	$100	Not less than 99.95% platinum	31.185		32.10	2.70	0.065
11	$50	Not less than 99.99% gold	15.594		25.10	2.40	0.040
12	$50	Not less than 99.95% platinum	15.605		25.10	2.30	0.045
13	$50	Not less than 99.9% silver	312.347		75.5	7.7	1.0
14	$25	Not less than 99.99% gold	7.807		20.10	2.00	0.030
15	$25	Not less than 99.95% platinum	7.815		20.10	1.90	0.035
16	$15	Not less than 99.99% gold	3.133		16.10	1.50	0.022
17	$15	Not less than 99.95% platinum	3.137		16.10	1.32	0.025
18	$10	Not less than 99.9% silver	62.770		50.3	4.0	0.5
19	$10	92.5% silver and 7.5% other metal	20.00		34.10	2.90	0.50
20	$10	92.5% silver and 7.5% other metal	40.00		34.10	5.10	0.50
21	$5	Copper, aluminium and nickel	28.00		38.90	3.50	0.80
22	$5	92.5% silver and 7.5% other metal	35.79		38.90	3.50	0.63
23	$5	Not less than 99.99% gold	1.571		14.1	1.4	0.015
24	$5	Not less than 99.95% platinum	1.571		14.10	1.40	0.015
25	$5	Not less than 99.9% silver	31.635		40.60	4.00	0.500
26	$2	Copper, aluminium and nickel	6.60		20.62	3.00	0.26
27	$2	92.5% silver and 7.5% other metal	8.43		20.62	3.00	0.20
28	$1	Copper, aluminium and nickel	9.00		25.12	2.80	0.28
29	$1	92.5% silver and 7.5% other metal	11.49		25.12	2.80	0.23
30	$1	Not less than 99.9% silver	31.935		38.20	4.3	0.800
31	50 cents	Copper and nickel	15.55		51.65	2.80	0.40
32	50 cents	92.5% silver and 7.5% other metal	18.00		31.65	2.80	0.35
33	25 cents	Not less than 99.9% silver	7.984		16.70	4.3	0.200
34	20 cents	Copper and nickel	11.30		26.65	2.52	0.33
35	10 cents	Copper and nickel	5.65		23.72	1.98	0.20
36	5 cents	Copper and nickel	2.83		19.53	1.55	0.13
37	2 cents	Copper, tin and zinc	5.20		21.72	2.03	0.20
38	1 cent	Copper, tin and zinc	2.60		17.65	1.58	0.13

NOTES

1. Notified in the Commonwealth of Australia Gazette on 28 December 1990.

2. Statutory Rules 1966 No. 21 as amended to date. For previous amendments see Note 2 to Statutory Rules 1990 No. 60 and see also Statutory Rules 1990 Nos. 60 and 300.

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