Currency Regulations (Amendment) (Cth)

Statutory Rules 1988 No. 1371

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 17 June 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

1. Regulation 3 of the Currency Regulations is repealed and the following regulation substituted:

Weight, dimensions and remedy of coins

“3. (1) In respect of a coin of the denomination specified in Column 2 of an item in the Schedule, being a coin of the standard composition specified in Column 3 of that item:

(a) the standard weight specified in Column 4 of that item is prescribed;

(b) dimensions in respect of diameter and thickness not exceeding the dimensions in respect of diameter and thickness specified in Columns 5 and 6 respectively of that item are prescribed; and

(c) the remedy in respect of weight specified in Column 7 of that item is prescribed.

“(2) In this regulation, ‘diameter’ means:

(a) in the case of a coin of the denomination of 50 cents—the shortest diameter of the coin; and

(b) in the case of a coin of any other denomination—the diameter of the coin.”.

(S.R. 164/88)—Cat. No. 16/8.6.1988

 

Design of coins

2. Regulation 4 of the Currency Regulations is amended:

(a) by omitting from subparagraph (d) (ix) “subparagraph (x), (xi) or (xii)” and substituting “subparagraph (x), (xi), (xii) or (xiii)”;

(b) by omitting from subparagraph (d) (xi) “and” (last occurring);

(c) by adding at the end of paragraph (d) the following word and subparagraph:

“; and (xiii) in the case of a coin of the denomination of $200 that refers on its obverse side to the year 1988 as the year of the coin—the inscriptions “AUSTRALIA TWO HUNDRED YEARS”, “TWO HUNDRED DOLLARS” and “SYDNEY COVE”, the figures “1788” and a representation of Governor Arthur Phillip standing and, in the background, a sailing ship.”.

Repeal of regulations 5 and 6

3. Regulations 5 and 6 of the Currency Regulations are repealed.

The Schedule to the Act

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

“(4) The Act shall have effect, on and after 20 June 1988, as if:

(a) 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’ and ‘92.5% silver and 7.5% other metal’;

(b) the reference in that Schedule, opposite to the reference to the denomination ‘Two dollars’, to the standard composition of coins of that denomination were a reference to the standard compositions ‘copper, aluminium and nickel’ and ‘92.5% silver and 7.5% other metal’;

(c) 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’ and ‘92.5% silver and 7.5% other metal’; and

(d) the reference in that Schedule, opposite to the reference to the denomination ‘Fifty cents’, to the standard composition of coins of that denomination were a reference to the standard compositions ‘copper and nickel’ and ‘92.5% silver and 7.5% other metal’.”.

Schedule

5. 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	2.65	0.055
3	$50	not less than 99.99% gold	15.594	25.10	2.20	0.040
4	$25	not less than 99.99% gold	7.807	20.10	1.80	0.030
5	$15	not less than 99.99% gold	3.133	16.10	1.30	0.022
6	$10	92.5% silver and 7.5% other metal	20.00	34.10	2.90	0.50
7	$5	copper, aluminium and nickel	28.00	38.90	3.50	0.80
8	$5	92.5% silver and 7.5% other metal	35.79	38.90	3.50	0.63
9	$2	copper, aluminium and nickel	6.60	20.62	3.00	0.26
10	$2	92.5% silver and 7.5% other metal	8.43	20.62	3.00	0.20
11	$1	copper, aluminium and nickel	9.00	25.12	2.80	0.28
12	$1	92.5% silver and 7.5% other metal	11.49	25.12	2.80	0.23
13	50 cents	copper and nickel	15.55	31.65	2.80	0.40
14	50 cents	92.5% silver and 7.5% other metal	18.00	31.65	2.80	0.35
15	20 cents	copper and nickel	11.30	28.65	2.52	0.33
16	10 cents	copper and nickel	5.65	23.72	1.98	0.20
17	5 cents	copper and nickel	2.83	19.53	1.55	0.13
18	2 cents	copper, tin and zinc	5.20	21.72	2.03	0.20
19	1 cent	copper, tin and zinc	2.60	17.65	1.58	0.13

NOTES

1. Notified in the Commonwealth of Australia Gazette on 24 June 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 and 45.

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