Currency Regulations (Amendment) (Cth)

Statutory Rules 1987 No. 3001

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 11 December 1987.

N. M. STEPHEN

Governor-General

By His Excellency's Command,

Clyde Holding

Minister of State for Employment Services and Youth Affairs

for and on behalf of the Treasurer

Commencement

1. These Regulations shall come into operation on 1 January 1988.

Principal Regulations

2. In these Regulations, "Principal Regulations" means the Currency Regulations.

Designs of coins

3. Regulation 4 of the Principal Regulations is amended:

(a) by omitting from paragraph (b) (ii) "and";

(b) by omitting paragraph (b) (iii) and substituting the following paragraphs:

"(iii) in the case of a coin of the denomination of $2—4 coarse milled segments of the same length separated by 4 plain segments each approximately 13 millimetres in length; and

(iv) in any other case—milled;";

(c) by omitting from subparagraph (d) (vi) "(viiia) or (viiib)" and substituting "(viiia), (viiib) or (viiibaa)";

(d) by inserting after subparagraph (d) (viiib) the following paragraph:

"(viiibaa) in the case of a coin of the denomination of 50 cents that refers on its obverse side to the year 1988 as the

(S.R. 348/87)—Cat. No. 15/7.12.1987

 

year of the coin—the inscriptions "AUSTRALIA 1788-1988" and "FIFTY CENTS", a representation of a sailing ship under sail superimposed on a representation of an historical map of Australia bearing the words 'New Holland', a representation of a compass and a representation of the Southern Cross;";

(e) by omitting from subparagraph (d) (viiiba) "sub-paragraph (viiibb)" and substituting "subparagraph (viiibb) or (viiibc)"; and

(f) by inserting after subparagraph (d) (viiibb) the following subparagraphs:

"(viiibc) in the case of a coin of the denomination of $1 that refers on its obverse side to the year 1988 as the year of the coin—the inscription "ONE DOLLAR" and a representation of an Australian Aboriginal drawing of a kangaroo superimposed on a representation of abstract Aboriginal art work;

(viiibd) in the case of a coin of the denomination of $2—the inscription "2 DOLLARS" and a representation of the head and shoulders of a traditional Australian Aboriginal, a representation of the Southern Cross and a representation of Australian flora;

(viiibe) in the case of a coin of the denomination of $5 that refers on its obverse side to the year 1988 as the year of the coin—the inscription "5 DOLLARS" and a representation of the new Parliament House in Canberra in the Australian Capital Territory;".

The Schedule to the Act

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

"(3) The Act shall have effect, on and after 1 January 1988, as if:

(a) there were included in the Schedule to the Act a reference to a denomination of 'Two dollars';

(b) there were specified in that Schedule opposite to that denomination of $2, as the standard composition of coins of that denomination, the standard composition 'copper, aluminium and nickel';

(c) there were included in the Schedule to the Act a reference to a denomination of 'Five dollars'; and

(d) there were specified in that Schedule opposite to that denomination of $5, as the standard composition of coins of that denomination, the standard composition 'copper, aluminium and nickel'.".

Schedule

5. The Schedule to the Principal Regulations is amended by omitting:

"$10 20.00 34.10 2.90 0.50"

and substituting:

"$10	20.00	34.10	2.90	0.50
$5	28.00	38.90	3.40	0.80
$2	6.60	20.62	3.00	0.26".

NOTES

1. Notified in the Commonwealth of Australia Gazette on 17 December 1987.

2. Statutory Rules 1966 No. 21 as amended to date. For previous amendments see Note 2 to Statutory Rules 1987 No. 142 and see also Statutory Rules 1987 Nos. 142 and 196.

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