Currency Regulations (Amendment) (Cth)

Statutory Rules 1989 No. 2291

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 16 August 1989.

BILL HAYDEN

Governor-General

 

By His Excellency’s Command,

Peter Morris

Minister of State for Industrial Relations for

and on behalf of the. Treasurer

Designs of coins

1. Regulation 4 of the Currency Regulations is amended:

(a) by inserting after subparagraph 4 (c) (iab) the following subparagraph:

“(iac) in the case of a coin of the denomination of $5—an effigy of the Queen and the inscriptions ‘ELIZABETH II AUSTRALIA’ and ‘5 DOLLARS’, all encircled by raised beads inside the rim of the coin;”;

(b) by inserting after subparagraph (d) (viiibd) the following subparagraph:

“(viiibda) in the case of a coin of the denomination of $5, other than a coin referred to in subparagraph (viiibe)—the inscription ‘THE AUSTRALIAN NUGGET 1/20 OZ. 9999 GOLD’, an inscription of the name of a species of macropod marsupial and a representation of an animal of that species superimposed on a sunburst design, and a reference (in figures) to the

(S.R. 238/89)—Cat. No. 14/27.7.1989

 

year of the coin, all encircled by raised beads inside the rim of the coin;”;

(c) by omitting subparagraph (viiif) and substituting the following paragraph:

“(viiif) in the case of a coin of the denomination of $15, other than a coin referred to in subparagraph (viiifa):

(a) the inscription ‘THE AUSTRALIAN NUGGET 1/10 OZ. 9999 GOLD’, a representation of an Australian gold nugget and an inscription of the name of the nugget and the year (in figures) of its discovery superimposed on a sunburst design, and a reference (in figures) to the year of the coin, all encircled by raised beads inside the rim of the coin; or

(b) the inscription ‘THE AUSTRALIAN NUGGET 1/10 OZ. 9999 GOLD’, an inscription of the name of a species of macropod marsupial and a representation of an animal of that species superimposed on a sunburst design, and a reference (in figures) to the year of the coin, all encircled by raised beads inside the rim of the coin;”;

(d) by omitting subparagraph (viiig) and substituting the following paragraph:

“(viiig) in the case of a coin of the denomination of $25, other than a coin referred to in subparagraph (viiiga):

(a) the inscription ‘THE AUSTRALIAN NUGGET 1/4 OZ. 9999 GOLD’, a representation of an Australian gold nugget and an inscription of the name of the nugget and the year (in figures) of its discovery superimposed on a sunburst design, and a reference (in figures) to the year of the coin, all encircled by raised beads inside the rim of the coin; or

(b) the inscription ‘THE AUSTRALIAN NUGGET 1/4 OZ. 9999 GOLD’, an inscription of the name of a species of macropod marsupial and a representation of an animal of that species superimposed on a sunburst design, and a reference (in figures) to the year of the coin, all encircled by raised beads inside the rim of the coin;”;

(e) by omitting subparagraph (viiih) and substituting the following subparagraph:

“(viiih) in the case of a coin of the denomination of $50, other than a coin referred to in subparagraph (viiiha):

(a) the inscription THE AUSTRALIAN NUGGET 1/2 OZ. 9999 GOLD’, a representation of an Australian gold nugget and an inscription of the name of the nugget and the year (in figures) of its discovery superimposed on a sunburst design, and a reference (in figures) to the year of the coin, all encircled by raised beads inside the rim of the coin; or

(b) the inscription ‘THE AUSTRALIAN NUGGET 1/2 OZ. 9999 GOLD’, an inscription of the name of a species of macropod marsupial and a representation of an animal of that species superimposed on a sunburst design, and a reference (in figures) to the year of the coin, all encircled by raised beads inside the rim of the coin;”;

(f) by omitting subparagraph (viiij) and substituting the following subparagraph:

“(viiij) in the case of a coin of the denomination of $100, other than a coin referred to in subparagraph (viiija):

(a) the inscription ‘THE AUSTRALIAN NUGGET 1 OZ. 9999 GOLD’, a representation of an Australian gold nugget and an inscription of the name of the nugget and the year (in figures) of its discovery superimposed on a sunburst design, and a reference (in figures) to the year of the coin, all encircled by raised beads inside the rim of the coin; or

(b) the inscription ‘THE AUSTRALIAN NUGGET 1 OZ. 9999 GOLD’, an inscription of the name of a species of macropod marsupial and a representation of an animal of that species superimposed on a sunburst design, and a reference (in figures) to the year of the coin, all encircled by raised beads inside the rim of the coin;”.

The Schedule to the Act

2. Regulation 7 of the Currency Regulations is amended by adding at the end the following subregulation:

“(6) The Act has effect, on and after 28 August 1989, as if the reference in the Schedule to the Act, opposite to the reference to the denomination ‘Five dollars’, to the standard composition of coins of that denomination were a reference to the standard compositions ‘copper, aluminium and nickel’, ‘92.5% silver and 7.5% other metal’ and ‘not less than 99.99% gold’.”.

Schedule

3. The Schedule to the Currency Regulations is amended by inserting after item 12 the following item:

“12a $5 not less than 99.99% gold 1.571 14.1 1.4 0.015”.

NOTES

1. Notified in the Commonwealth of Australia Gazette on 23 August 1989.

2. Statutory Rules 1966 No. 21 as amended to date. For previous amendments see Note 2 to Statutory Rules 1989 No. 103 and see also Statutory Rules 1989 No. 103.

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