Currency Regulations (Amendment) (Cth)

Statutory Rules 1988 No. 2001

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 19 August 1988.

N. M. STEPHEN

Governor-General

By His Excellency’s Command,

Peter Morris

Minister of State for Transport and Communications Support

for and on behalf of the Treasurer

Designs of coins

1. Regulation 4 of the Currency Regulations is amended:

(a) by omitting from subparagraph (a) (i) “and” (last occurring);

(b) by omitting subparagraph (a) (ii) and substituting the following subparagraphs:

“(ii) in the case of a coin of the denomination of $1—circular:

(a) having a circular excision concentric with the circumference of the coin (in these Regulations called ‘a holey dollar coin’); or

(b) having no such excision; and

(iii) in any other case—circular;”;

(c) by inserting in paragraph (b) “external” after “in respect of the”;

(d) by inserting in subparagraph (b) (i) “, 25 cents” after “2 cents”;

(e) by inserting after paragraph (b) the following paragraph:

“(ba) in respect of the internal edge of a holey dollar coin— plain;”;

(f) by inserting before subparagraph (c) (i) the following subparagraphs:

“(iaa) in the case of a coin of the denomination of 25 cents— an effigy of the Queen and the inscriptions ‘ELIZABETH II AUSTRALIA’ and ‘25 CENTS’, all encircled by raised beads inside the rim of the coin;

(S.R. 238/88) Cat. No. 14/15.8.1988

 

(iab) in the case of a holey dollar coin—an effigy of the Queen and the inscriptions ‘ELIZABETH II’, ‘AUSTRALIA’ and ‘ONE DOLLAR’, all encircled by raised beads inside the rim of the coin;”;

(g) by inserting after subparagraph (d) (v) the following subparagraph:

“(va) in the case of a coin of the denomination of 25 cents—a representation, in traditional Australian Aboriginal style, of 2 persons against a stippled background, the inscription ‘QUARTER OZ.•THE DUMP•999 SILVER’ and a reference (in figures) to the year of the coin, all encircled by raised beads inside the rim of the coin;”;

(h) by omitting from subparagraph (d) (viiiba) “sub-paragraph (viiibb) or (viiibc)” and substituting “subparagraph (viiibb), (viiibc) or (viiibca)”;

(i) by inserting after subparagraph (d) (viiibc) the following subparagraph:

“(viiibca) in the case of a holey dollar coin—a representation, in traditional Australian Aboriginal style, of a snake, the inscription ‘ONE OUNCE•THE HOLEY DOLLAR•999 SILVER’ and a reference (in figures) to the year of the coin, all encircled by raised beads inside the rim of the coin;”;

(j) by inserting in subparagraph (d) (viiif) “, other than a coin referred to in subparagraph (viiifa)” after “$15”;

(k) by inserting after subparagraph (d) (viiif) the following subparagraph:

“(viiifa) in the case of a coin of the denomination of $15 the composition of which is not less than 99.95% platinum—the inscription ‘THE AUSTRALIAN KOALA 1/10 OZ 9995 PLATINUM’, a representation of a koala and a reference (in figures) to the year of the coin;”;

(l) by inserting in subparagraph (d) (viiig) “, other than a coin referred to in subparagraph (viiiga)” after “$25”;

(m) by inserting after subparagraph (d) (viiig) the following subparagraph:

“(viiiga) in the case of a coin of the denomination of $25 the composition of which is not less than 99.95% platinum—the inscription ‘THE AUSTRALIAN KOALA 1/4 OZ 9995 PLATINUM’, a representation of a koala and a reference (in figures) to the year of the coin;”;

(n) by inserting in subparagraph (d) (viiih) “, other than a coin referred to in subparagraph (viiiha)” after “$50”;

(o) by inserting after subparagraph (d) (viiih) the following subparagraph:

“(viiiha) in the case of a coin of the denomination of $50 the composition of which is not less than 99.95% platinum—the inscription ‘THE AUSTRALIAN KOALA 1/2 OZ 9995 PLATINUM’, a representation of a koala and a reference (in figures) to the year of the coin;”;

(p) by inserting in subparagraph (d) (viiij) “, other than a coin referred to in subparagraph (viiija)” after “$100”;

(q) by inserting after subparagraph (d) (viiij) the following subparagraph:

“(viiija) in the case of a coin of the denomination of $100 the composition of which is not less than 99.95% platinum— the inscription ‘THE AUSTRALIAN KOALA 1 OZ 9995 PLATINUM’, a representation of a koala and a reference (in figures) to the year 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:

“(5) The Act shall have effect, on and after 23 August 1988, as if:

(a) the reference in the Schedule to the Act, opposite to the reference to the denomination ‘One hundred dollars’, to the standard composition of coins of that denomination were a reference to the standard compositions ‘not less than 99.99% gold’ and ‘not less than 99.95% platinum’;

(b) the reference in that Schedule, opposite to the reference to the denomination ‘Fifty dollars’, to the standard composition of coins of that denomination were a reference to the standard compositions ‘not less than 99.99% gold’ and ‘not less than 99.95% platinum’;

(c) the reference in that Schedule, opposite to the reference to the denomination ‘Twenty-five dollars’, to the standard composition of coins of that denomination were a reference to the standard compositions ‘not less than 99.99% gold’ and ‘not less than 99.95% platinum’;

(d) the reference in that Schedule, opposite to the reference to the denomination ‘Fifteen dollars’, to the standard composition of coins of that denomination were a reference to the standard compositions ‘not less than 99.99% gold’ and ‘not less than 99.95% platinum’;

(e) the reference in that Schedule, opposite to the reference to the denomination ‘One dollar’, 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 99.9% silver’;

(f) there were included in that Schedule a reference to a denomination of ‘Twenty-five cents’; and

(g) there were specified in that Schedule opposite to that denomination of Twenty-five cents, as the standard composition of coins of that denomination, the standard composition ‘not less than 99.9% silver’.”.

Schedule

3. The Schedule to the Currency Regulations is repealed and the following Schedule substituted:

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	$200	11/12ths gold and 1 /12th other metal	10.00	24.20	2.00	0.06
2	$100	not less than 99.99% gold	31.162	32.10	2.80	0.055
3	$100	not less than 99.95% platinum	31.185	32.10	2.70	0.065
4	$50	not less than 99.99% gold	15.594	25.10	2.40	0.040
5	$50	not less than 99.95% platinum	15.605	25.10	2.30	0.045
6	$25	not less than 99.99% gold	7.807	20.10	2.00	0.030
7	$25	not less than 99.95% platinum	7.815	20.10	1.90	0.035
8	$15	not less than 99.99% gold	3.133	16.10	1.50	0.022
9	$15	not less than 99.95% platinum	3.137	16.10	1.32	0.025
10	$10	92.5% silver and 7.5% other metal	20.00	34.10	2.90	0.50
11	$5	copper, aluminium and nickel	28.00	38.90	3.50	0.80
12	$5	92.5% silver and 7.5% other metal	35.79	38.90	3.50	0.63
13	$2	copper, aluminium and nickel	6.60	20.62	3.00	0.26
14	$2	92.5% silver and 7.5% other metal	8.43	20.62	3.00	0.20
15	$1	copper, aluminium and nickel	9.00	25.12	2.80	0.28
16	$1	92.5% silver and 7.5% other metal	11.49	25.12	2.80	0.23
17	$1	not less than 99.9% silver	31.935	38.20	4.3	0.800
18	50 cents	copper and nickel	15.55	31.65	2.80	0.40
19	50 cents	92.5% silver and 7.5% other metal	18.00	31.65	2.80	0.35
20	25 cents	not less than 99.9% silver	7.984	16.70	4.3	0.200
21	20 cents	copper and nickel	11.30	28.65	2.52	0.33
22	10 cents	copper and nickel	5.65	23.72	1.98	0.20
23	5 cents	copper and nickel	2.83	19.53	1.55	0.13
24	2 cents	copper, tin and zinc	5.20	21.72	2.03	0.20
25	1 cent	copper, tin and zinc	2.60	17.65	1.58	0.13

NOTES

1. Notified in the Commonwealth of Australia Gazette on 22 August 1988.

2. Statutory Rules 1966 No. 21 as amended to date. For previous amendments see Note 2 to Statutory Rules 1988 No. 31 and see also Statutory Rules 1988 Nos. 31, 45 and 137.

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