Currency Determination No. 3 of 1993

Administered by Department of the Treasury

Legislation au F2008B00093 In force Legislative Instrument

Legislation content

Commonwealth of Australia

Currency Act 1965

Currency Determination No. 3 of 1993

I, ROBERT McMULLAN, Parliamentary Secretary to the Treasurer, acting for and on behalf of the Treasurer, make the following Determination under subsection 13A (1) of the Currency Act 1965.

Dated 10 March 1993.

Parliamentary Secretary to the Treasurer

Citation

1. This Determination may be cited as Currency Determination No. 3 of 1993.

Commencement

2. This Determination commences on 31 March 1993.

Application of the Determination

3. This Determination does not affect any other determination of the design of a coin.

Specifications and design of a $1 coin

4. (1) This clause sets out the design of a coin of the denomination of $1 the standard composition of which includes not less than 99.9% silver.

(2)       The shape of the coin is circular.

(3)       The edge of the coin is milled.

(4)       The standard weight of the coin is 31.635 grams.

 

(5)      A variation of 0.500 grams from the standard weight is allowed.

(6)      The diameter of the coin is 40.60 millimetres.

(7)      The thickness of the coin is 4.00 millimetres.

(8)      The obverse of the coin bears:

(a)       an effigy of the Queen; and

(b)       the inscriptions “ELIZABETH II”, “AUSTRALIA” and “1 DOLLAR”;

all encircled by raised beads inside the rim of the coin.

(9) The reverse of the coin bears:

(a)       a representation of 2 kookaburras perched on a tree branch; and

(b)       the inscription “THE AUSTRALIAN KOOKABURRA 1 OZ. 999 SILVER”; and

(c)       the inscription “1993” or “1994”;

all encircled by raised beads inside the rim of the coin.

Specifications and design of a $2 coin

5. (1) This clause sets out the design of a coin of the denomination of $2 the standard composition of which includes not less than 99.9% silver.

(2)      The shape of the coin is circular,

(3)      The edge of the coin consists of alternating segments as follows:

(a)       coarse milled segments approximately 10.25 millimetres in length; and

(b)      plain segments approximately 29 millimetres in length.

(4)      The standard weight of the coin is 62.770 grams.

(5)      A variation of 0.500 grams from the standard weight is allowed.

(6)      The diameter of the coin is 50.3 millimetres.

(7)      The thickness of the coin is 4.5 millimetres.

(8) The obverse of the coin bears:

(a)       an effigy of the Queen; and

(b)      the inscriptions “ELIZABETH II”, “AUSTRALIA” and “2 DOLLARS”;

all encircled by raised beads inside the rim of the coin.

(9) The reverse of the coin bears:

(a)       a representation of 2 kookaburras perched on a tree branch; and

(b)       the inscription “THE AUSTRALIAN KOOKABURRA 2 OZ. 999 SILVER”; and

(c)       the inscription “1993” or “1994”;

all encircled by raised beads inside the rim of the coin.

Specifications and design of a $5 coin

6. (1) This clause sets out the design of a coin of the denomination of $5 the standard composition of which includes not less than 99-99% gold.

(2)      The shape of the coin is circular.

(3)      The edge of the coin is milled.

(4)      The standard weight of the coin is 1.571 grams.

(5)      A variation of 0.015 grams from the standard weight is allowed.

(6)      The diameter of the coin is 14.10 millimetres.

(7)      The thickness of the coin is 1.40 millimetres.

(8)      The obverse of the coin bears:

(a) an effigy of the Queen; and

(b) the inscriptions “ELIZABETH II”, “AUSTRALIA” and “5 DOLLARS”;

all encircled by raised beads inside the rim of the coin.

(9) The reverse of the coin bears:

(a)       a representation of a Whiptail Wallaby, with a young wallaby in its pouch, superimposed on a sunburst design; and

(b)       the inscription “THE AUSTRALIAN NUGGET 1/20 OZ. 9999 GOLD”; and

(c) the inscription “1993” or “1994”;

all encircled by raised beads inside the rim of the coin.

Specifications and design of a $5 coin

7. (1) This clause sets out the design of a coin of the denomination of $5 the standard composition of which includes not less than 99.95% platinum.

(2)       The shape of the coin is circular.

(3)       The edge of the coin is milled.

(4)       The standard weight of the coin is 1.571 grams.

(5)      A variation of 0.015 grams from the standard weight is allowed.

(6)       The diameter of the coin is 14.10 millimetres.

(7)       The thickness of the coin is 1.40 millimetres.

(8)       The obverse of the coin bears:

(a)       an effigy of the Queen; and

(b)       the inscriptions “ELIZABETH II”, “AUSTRALIA” and “5 DOLLARS”;

all encircled by raised beads inside the rim of the coin.

(9) The reverse of the coin bears:

(a)       a representation of an adult koala on a tree branch with a young koala clinging to its back; and

(b)       the inscription “THE AUSTRALIAN KOALA 1/20 OZ. 9995 PLATINUM”; and

(c)       the inscription “1993” or “1994”;

all encircled by raised beads inside the rim of the coin.

Specifications and design of a $10 coin

8. (1) This clause sets out the design of a coin of the denomination of $10 the standard composition of which is 92.5% silver and 7.5% other metal.

(2)       The shape of the coin is circular.

(3)       The edge of the coin is milled.

(4)       The standard weight of the coin is 20.00 grams.

(5)       A variation of 0.50 grams from the standard weight is allowed.

(6)      The diameter of the coin is 34.10 millimetres.

(7)      The thickness of the coin is 2.90 millimetres.

(8)      The obverse of the coin bears:

(a)       an effigy of the Queen; and

(b)       the inscriptions “ELIZABETH II”, “AUSTRALIA” and “1993”.

(9) The reverse of the coin bears:

(a)       a representation of the Arms and Crest of the City of Canberra; and

(b)      the inscriptions “AUSTRALIAN CAPITAL TERRITORY” and “10 DOLLARS”.

Specifications and design of a $10 coin

9. (1) This clause sets out the design of a coin of the denomination of $10 the standard composition of which is 92.5% silver and 7.5% other metal.

(2)      The shape of the coin is circular.

(3)      The edge of the coin is milled.

(4)      The standard weight of the coin is 20.00 grams.

(5)      A variation of 0.50 grams from the standard weight is allowed.

(6)      The diameter of the coin is 34.10 millimetres.

(7)      The thickness of the coin is 2.90 millimetres.

(8)      The obverse of the coin bears:

(a)       an effigy of the Queen; and

(b)      the inscriptions “ELIZABETH II”, “AUSTRALIA” and “1993”.

(9) The reverse of the coin bears;

(a)       a representation of the head of a Palm Cockatoo; and

(b)      the inscription “10 DOLLARS”.

Specifications and design of a $10 coin

10. (1) This clause sets out the design of a coin of the denomination of $10 the standard composition of which is 92.5% silver and 7.5% other metal.

(2)      The shape of the coin is circular.

(3)      The edge of the coin is milled.

(4)      The standard weight of the coin is 40.00 grams.

(5)      A variation of 0.50 grams from the standard weight is allowed.

(6)      The diameter of the coin is 34.10 millimetres.

(7)      The thickness of the coin is 5.10 millimetres.

(8)      The obverse of the coin bears:

(a)       an effigy of the Queen; and

(b)      the inscriptions “ELIZABETH II”, “AUSTRALIA” and “1993”.

(9) The reverse of the coin bears;

(a)       a representation of the head of a Palm Cockatoo; and

(b)       the inscription “10 DOLLARS”.

Specifications and design of a $10 coin

11. (1) This clause sets out the design of a coin of the denomination of $10 the standard composition of which includes not less than 99.9% silver.

(2)       The shape of the coin is circular.

(3)       The edge of the coin consists of alternating segments as follows:

(a)       coarse milled segments approximately 15.40 millimetres in length; and

(b)       plain segments approximately 43 millimetres in length.

(4)       The standard weight of the coin is 312.347 grams.

(5)       A variation of 1.0 gram from the standard weight is allowed.

(6)      The diameter of the coin is 75.5 millimetres.

(7)      The thickness of the coin is 8.7 millimetres.

(8)      The obverse of the coin bears:

(a)       an effigy of the Queen; and

(b)       the inscriptions “ELIZABETH II”, “AUSTRALIA” and “10 DOLLARS”;

all encircled by raised beads inside the rim of the coin.

(9) The reverse of the coin bears:

(a)       a representation of 2 kookaburras perched on a tree branch; and

(b)       the inscription “THE AUSTRALIAN KOOKABURRA 10 OZ. 999 SILVER”; and

(c)       the inscription “1993” or “1994”;

all encircled by raised beads inside the rim of the coin.

Specifications and design of a $15 coin

12. (1) This clause sets out the design of a coin of the denomination of $15 the standard composition of which includes not less than 99.99% gold.

(2)      The shape of the coin is circular.

(3)      The edge of the coin is milled.

(4)      The standard weight of the coin is 3.133 grams.

(5)      A variation of 0.025 grams from the standard weight is allowed.

(6)      The diameter of the coin is 16.10 millimetres.

(7)      The thickness of the coin is 1.50 millimetres.

(8)      The obverse of the coin bears:

(a)       an effigy of the Queen; and

(b)       the inscriptions “ELIZABETH II”, “AUSTRALIA” and “15 DOLLARS”;

all encircled by raised beads inside the rim of the coin.

(9) The reverse of the coin bears.”

(a) a representation of a Whiptail Wallaby, with a young wallaby in its pouch, superimposed on a sunburst design; and

(b)       the inscription “THE AUSTRALIAN NUGGET 1/10 OZ. 9999 GOLD”; and

(c)       the inscription “1993” or “1994”;

all encircled by raised beads inside the rim of the coin.

Specifications and design of a $15 coin

13. (1) This clause sets out the design of a coin of the denomination of $15 the standard composition of which includes not less than 99.95% platinum.

(2)       The shape of the coin is circular.

(3)       The edge of the coin is milled.

(4)       The standard weight of the coin is 3.137 grams.

(5)       A variation of 0.025 grams from the standard weight is allowed.

(6)       The diameter of the coin is 16.10 millimetres.

(7)       The thickness of the coin is 1.32 millimetres.

(8)       The obverse of the coin bears:

(a)       an effigy of the Queen; and

(b)      the inscriptions “ELIZABETH II”, “AUSTRALIA” and “15 DOLLARS”;

all encircled by raised beads inside the rim of the coin.

(9) The reverse of the coin bears:

(a)       a representation of an adult koala on a tree branch with a young koala clinging to its back; and

(b)       the inscription “THE AUSTRALIAN KOALA 1/10 OZ. 9995 PLATINUM”; and

(c)       the inscription “1993” or “1994”;

all encircled by raised beads inside the rim of the coin.

Specifications and design of a $25 coin

14. (1) This clause sets out the design of a coin of the denomination of $25 the standard composition of which includes not less than 99.99% gold.

(2) The shape of the coin is circular.

(3)       The edge of the coin is milled.

(4)       The standard weight of the coin is 7.807 grams.

(5)       A variation of 0.030 grams from the standard weight is allowed.

(6)       The diameter of the coin is 20.10 millimetres.

(7)       The thickness of the coin is 2.00 millimetres.

(8)       The obverse of the coin bears:

(a)       an effigy of the Queen; and

(b)       the inscriptions “ELIZABETH II”, “AUSTRALIA” and “25 DOLLARS”;

all encircled by raised beads inside the rim of the coin.

(9) The reverse of the coin bears:

(a)       a representation of a Whiptail Wallaby, with a young wallaby in its pouch, superimposed on a sunburst design; and

(b)       the inscription “THE AUSTRALIAN NUGGET 1/4 OZ. 9999 GOLD”; and

(c)       the inscription “1993” or “1994”;

all encircled by raised beads inside the rim of the coin.

Specifications and design of a $25 coin

15. (1) This clause sets out the design of a coin of the denomination of $25 the standard composition of which includes not less than 99.95% platinum.

(2)      The shape of the coin is circular.

(3)      The edge of the coin is milled.

(4)      The standard weight of the coin is 7.815 grams.

(5)      A variation of 0.035 grams from the standard weight is allowed.

(6)      The diameter of the coin is 20.10 millimetres.

(7)      The thickness of the coin is 1.90 millimetres.

(8) The obverse of the coin bears:

(a)       an effigy of the Queen; and

(b)       the inscriptions “ELIZABETH II”, “AUSTRALIA” and “25 DOLLARS”;

all encircled by raised beads inside the rim of the coin.

(9) The reverse of the coin bears:

(a)       a representation of an adult koala on a tree branch with a young koala clinging to its back; and

(b)       the inscription “THE AUSTRALIAN KOALA 1/4 OZ. 9995 PLATINUM”; and

(c)       the inscription “1993” or “1994”;

all encircled by raised beads inside the rim of the coin.

Specifications and design of a $30 coin

16. (1) This clause sets out the design of a coin of the denomination of $30 the standard composition of which includes not less than 99.9% silver.

(2)       The shape of the coin is circular.

(3)       The edge of the coin consists of alternating segments as follows:

(a)       coarse milled segments approximately 20.50 millimetres in length; and

(b)      plain segments approximately 58 millimetres in length.

(4)       The standard weight of the coin is 1,002.502 grams.

(5)       A variation of 1.5 grams from the standard weight is allowed.

(6)       The diameter of the coin is 101 millimetres.

(7)       The thickness of the coin is 14.6 millimetres.

(8)       The obverse of the coin bears:

(a)       an effigy of the Queen; and

(b)       the inscriptions “ELIZABETH II”, “AUSTRALIA” and “30 DOLLARS”;

all encircled by raised beads inside the rim of the coin.

(9) The reverse of the coin bears:

(a) a representation of 2 kookaburras perched on a tree branch; and

(b)      the inscription “THE AUSTRALIAN KOOKABURRA 1 KILO 999 SILVER”; and

(c)       the inscription “1993” or “1994”;

all encircled by raised beads inside the rim of the coin.

Specifications and design of a $50 coin

17. (1) This clause sets out the design of a coin of the denomination of $50 the standard composition of which includes not less than 99.99% gold.

(2)       The shape of the coin is circular.

(3)       The edge of the coin is milled.

(4)       The standard weight of the coin is 15.594 grams.

(5)      A variation of 0.040 grams from the standard weight is allowed.

(6)       The diameter of the coin is 25.10 millimetres.

(7)       The thickness of the coin is 2.40 millimetres.

(8)       The obverse of the coin bears:

(a)       an effigy of the Queen; and

(b)      the inscriptions “ELIZABETH II”, “AUSTRALIA” and “50 DOLLARS”;

all encircled by raised beads inside the rim of the coin.

(9) The reverse of the coin bears:

(a)       a representation of a Whiptail Wallaby, with a young wallaby in its pouch, superimposed on a sunburst design; and

(b)      the inscription “THE AUSTRALIAN NUGGET 1/2 OZ. 9999 GOLD”; and

(c)       the inscription “1993” or “1994”;

all encircled by raised beads inside the rim of the coin.

Specifications and design of a $50 coin

18. (1) This clause sets out the design of a coin of the denomination of $50 the standard composition of which includes not less than 99.95% platinum.

(2) The shape of the coin is circular.

(3)       The edge of the coin is milled.

(4)       The standard weight of the coin is 15.605 grams.

(5)       A variation of 0.045 grams from the standard weight is allowed.

(6)       The diameter of the coin is 25.10 millimetres.

(7)       The thickness of the coin is 2.30 millimetres.

(8)       The obverse of the coin bears:

(a)       an effigy of the Queen; and

(b)      the inscriptions “ELIZABETH II”, “AUSTRALIA” and “50 DOLLARS”;

all encircled by raised beads inside the rim of the coin.

(9) The reverse of the coin bears:

(a)       a representation of an adult koala on a tree branch with a young koala clinging to its back; and

(b)      the inscription “THE AUSTRALIAN KOALA 1/2 OZ. 9995 PLATINUM”; and

(c)       the inscription “1993” or “1994”;

all encircled by raised beads inside the rim of the coin.

Specifications and design of a $100 coin

19. (1) This clause sets out the design of a coin of the denomination of $100 the standard composition of which includes not less than 99.99% gold.

(2)      The shape of the coin is circular.

(3)      The edge of the coin is milled.

(4)      The standard weight of the coin is 31.162 grams.

(5)      A variation of 0.055 grams from the standard weight is allowed.

(6)      The diameter of the coin is 32.10 millimetres.

(7)      The thickness of the coin is 2.80 millimetres.

(8) The obverse of the coin bears:

(a)       an effigy of the Queen; and

(b)       the inscriptions “ELIZABETH II”, “AUSTRALIA” and ‘TOO DOLLARS”;

all encircled by raised beads inside the rim of the coin.

(9) The reverse of the coin bears:

(a)       a representation of a Whiptail Wallaby, with a young wallaby in its pouch, superimposed on a sunburst design; and

(b)       the inscription “THE AUSTRALIAN NUGGET 1 OZ. 9999 GOLD”; and

(c)       the inscription “1993” or “1994”;

all encircled by raised beads inside the rim of the coin.

Specifications and design of a $100 coin

20. (1) This clause sets out the design of a coin of the denomination of $100 the standard composition of which includes not less than 99.95% platinum.

(2)       The shape of the coin is circular.

(3)       The edge of the coin is milled.

(4)       The standard weight of the coin is 31.185 grams.

(5)       A variation of 0.065 grams from the standard weight is allowed.

(6)       The diameter of the coin is 32.10 millimetres.

(7)       The thickness of the coin is 2.70 millimetres.

(8)       The obverse of the coin bears:

(a)       an effigy of the Queen; and

(b)      the inscriptions “ELIZABETH II”, “AUSTRALIA” and ‘TOO DOLLARS”;

ail encircled by raised beads inside the rim of the coin.

(9) The reverse of the coin bears:

(a)       a representation of an adult koala on a tree branch with a young koala clinging to its back; and

(b)       the inscription “THE AUSTRALIAN KOALA 1 02. 9995 PLATINUM”; and

(c)       the inscription “1993” or “1994”;

all encircled by raised beads inside the rim of the coin.

Specifications and design of a $200 coin

21. (1) This clause sets out the design of a coin of the denomination of $200 the standard composition of which includes not less than 99.99% gold.

(2)       The shape of the coin is circular.

(3)       The edge of the coin is milled.

(4)       The standard weight of the coin is 62.265 grams.

(5)       A variation of 0.05 grams from the standard weight is allowed.

(6)       The diameter of the coin is 40.6 millimetres.

(7)       The thickness of the coin is 4.0 millimetres.

(8)       The obverse of the coin bears:

(a)       an effigy of the Queen; and

(b)       the inscriptions “ELIZABETH II”, “AUSTRALIA” and “200 DOLLARS”;

all encircled by raised beads inside the rim of the coin.

(9) The reverse of the coin bears:

(a)       a representation of a Whiptail Wallaby, with a young wallaby in its pouch, superimposed on a sunburst design; and

(b)       the inscriptions “THE AUSTRALIAN NUGGET 2 OZ. 9999 GOLD” and “1993”;

all encircled by raised beads inside the rim of the coin.

Specifications and design of a $200 coin

22. (1) This clause sets out the design of a coin of the denomination of $200 the standard composition of which includes not less than 99.95% platinum.

(2)      The shape of the coin is circular.

(3)      The edge of the coin is milled.

(4)      The standard weight of the coin is 62.313 grams.

(5)      A variation of 0.075 grams from the standard weight is allowed.

(6)      The diameter of the coin is 40.6 millimetres.

(7)      The thickness of the coin is 3.8 millimetres.

(8)      The obverse of the coin bears:

(a)       an effigy of the Queen; and

(b)       the inscriptions “ELIZABETH II”, “AUSTRALIA” and “200 DOLLARS”;

all encircled by raised beads inside the rim of the coin.

(9) The reverse of the coin bears:

(a)       a representation of an adult koala on a tree branch with a young koala clinging to its back; and

(b)       the inscriptions “THE AUSTRALIAN KOALA 2 OZ. 9995 PLATINUM” and “1993”;

all encircled by raised beads inside the rim of the coin.

Specifications and design of a $200 coin

23. (1) This clause sets out the design of a coin of the denomination of $200 the standard composition of which is 1 l/12ths gold and 1/12th other metal.

(2)      The shape of the coin is circular.

(3)      The edge of the coin is milled.

(4)      The standard weight of the coin is 10.00 grams.

(5)      A variation of 0.06 grams from the standard weight is allowed.

(6)       The diameter of the coin is 24.20 millimetres.

(7)       The thickness of the coin is 2,00 millimetres.

(8)       The obverse of the coin bears:

(a)       an effigy of the Queen; and

(b)       the inscriptions “ELIZABETH II”, “AUSTRALIA” and “1993”.

(9) The reverse of the coin bears:

(a)       a representation of a Sugar Glider possum, clinging to, and partially obscured by, a part of a tree; and

(b)       the inscriptions “PRIDE OF AUSTRALIA” and “TWO HUNDRED DOLLARS”;

all encircled by raised beads inside the rim of the coin.

Specifications and design of a $1,000 coin

24. (1) This clause sets out the design of a coin of the denomination of $1,000 the standard composition of which includes not less than 99.99% gold.

(2)      The shape of the coin is circular.

(3)      The edge of the coin is milled.

(4)      The standard weight of the coin is 311.317 grams.

(5)       A variation of 0.25 grams from the standard weight is allowed.

(6)      The diameter of the coin is 60.3 millimetres.

(7)      The thickness of the coin is 7.9 millimetres.

(8)      The obverse of the coin bears:

(a)       an effigy of the Queen; and

(b)      the inscriptions “ELIZABETH II”, “AUSTRALIA” and “1,000 DOLLARS”;

all encircled by raised beads inside the rim of the coin.

(9) The reverse of the coin bears:

(a)       a representation of a Whiptail Wallaby, with a young wallaby in its pouch, superimposed on a sunburst design; and

(b)      the inscriptions “THE AUSTRALIAN NUGGET 10 OZ. 9999 GOLD” and “1993”;

all encircled by raised beads inside the rim of the coin.

Specifications and design of a $1,000 coin

25. (1) This clause sets out the design of a coin of the denomination of $1,000 the standard composition of which includes not less than 99.95% platinum.

(2)       The shape of the coin is circular.

(3)       The edge of the coin is milled.

(4)       The standard weight of the coin is 311.691 grams.

(5)       A variation of 0.5 grams from the standard weight is allowed.

(6)       The diameter of the coin is 60.3 millimetres.

(7)       The thickness of the coin is 7.9 millimetres.

(8)       The obverse of the coin bears:

(a)       an effigy of the Queen; and

(b)      the inscriptions “ELIZABETH II”, “AUSTRALIA” and “1,000 DOLLARS”;

all encircled by raised beads inside the rim of the coin.

(9) The reverse of the coin bears:

(a)       a representation of an adult koala on a tree branch with a young koala clinging to its back; and

(b)       the inscriptions “THE AUSTRALIAN KOALA 10 OZ. 9995 PLATINUM” and “1993”;

all encircled by raised beads inside the rim of the coin.

Specifications and design of a $3,000 coin

26. (1) This clause sets out the design of a coin of the denomination of $3,000 the standard composition of which includes not less than 99.99% gold.

(2)      The shape of the coin is circular.

(3)      The edge of the coin is milled.

(4)      The standard weight of the coin is 1,000.350 grams.

(5)      A variation of 0.25 grams from the standard weight is allowed.

(6)      The diameter of the coin is 75.3 millimetres.

(7)      The thickness of the coin is 13.9 millimetres.

(8)      The obverse of the coin bears:

(a)       an effigy of the Queen; and

(b)      the inscriptions “ELIZABETH II”, “AUSTRALIA” and “3,000 DOLLARS”;

all encircled by raised beads inside the rim of the coin.

(9) The reverse of the coin bears;

(a)       a representation of a Whiptail Wallaby, with a young wallaby in its pouch, superimposed on a sunburst design; and

(b)      the inscriptions “THE AUSTRALIAN NUGGET 1 KILO 9999 GOLD” and “1993”;

all encircled by raised beads inside the rim of the coin.

Specifications and design of a $3,000 coin

27. (1) This clause sets out the design of a coin of the denomination of $3,000 the standard composition of which includes not less than 99.95% platinum.

(2)      The shape of the coin is circular.

(3)      The edge of the coin is milled.

(4)      The standard weight of the coin is 1,001.00 grams.

(5)      A variation of 0.5 grams from the standard weight is allowed.

(6)      The diameter of the coin is 75.3 millimetres.

(7)      The thickness of the coin is 13.9 millimetres.

(8)      The obverse of the coin bears:

(a)       an effigy of the Queen; and

(b)      the inscriptions “ELIZABETH II”, “AUSTRALIA” and “3,000 DOLLARS”;

all encircled by raised beads inside the rim of the coin.

(9) The reverse of the coin bears:

(a)       a representation of an adult koala on a tree branch with a young koala clinging to its back; and

(b)      the inscriptions “THE AUSTRALIAN KOALA 1 KILO 9995 PLATINUM” and “1993”;

all encircled by raised beads inside the rim of the coin.

9300893

 

Overview

The Currency Act 1965 was enacted to regulate the issuance and management of Australian currency. A significant gap it addressed was the need for a legal framework to define the design, composition, and specifications of new coins to be introduced into circulation. The Currency Determination No. 3 of 1993, made by the Parliamentary Secretary to the Treasurer on behalf of the Treasurer under the Currency Act, specifies the detailed design and composition of various gold and silver coins. This determination ensures that each coin has a unique and legally defined standard, which includes specific weight, diameter, thickness, and design elements, such as the effigy of the Queen and national inscriptions. The objective of this determination is to maintain the integrity and legal tender status of the coins while also providing detailed specifications for minting and circulation.

Scope and Application

The Currency Determination No. 3 of 1993, made under the Currency Act 1965, pertains to the specifications and design of various Australian coins with denominations ranging from $1 to $3,000. This legislative instrument applies to the Commonwealth of Australia and governs the physical attributes and imagery of the specified coins. The coins are made of different precious metals, including silver, gold, and platinum, and are intended for circulation or as collector's items. The determination details the design elements for both the obverse and reverse sides of the coins, including the mandatory inscriptions and permissible variations in weight and size. These coins are to be minted in 1993 and 1994, as indicated by the inscriptions on the reverse. The act does not specify any exclusions or exemptions, and its application is confined to the defined parameters of the coins' design and composition as set out in the determination. The act does not extend or restrict its application through subordinate instruments.

Key Provisions

The Currency Determination No. 3 of 1993 sets forth the detailed specifications and designs for a range of Australian coins, detailing aspects such as composition, weight, diameter, thickness, and the visual elements featured on both the obverse and reverse sides of each coin. For example, the $1 coin must be composed of at least 99.9% silver, weigh 31.635 grams with a permissible variation of 0.5 grams, and bear an effigy of the Queen along with specific inscriptions on the obverse, while the reverse should feature a representation of two kookaburras perched on a tree branch, among other details (clause 4). Similar specifications are provided for coins of $2, $5, $10, $15, $25, $30, $50, $100, $200, $1,000, and $3,000, each with unique design elements and precious metal compositions. The Act imposes specific obligations on entities involved in the minting and distribution of these coins. Manufacturers and mints must adhere strictly to the prescribed specifications in terms of composition, weight, dimensions, and design elements. This includes ensuring that each coin meets the exact standards for weight and material composition, and that the design elements are accurately and precisely replicated on both the obverse and reverse sides. Failure to comply with these specifications can render the coins non-compliant with legal standards, potentially impacting their legal tender status and marketability. Violating the provisions of this Determination can lead to legal consequences. While the Determination itself does not explicitly state penalties for non-compliance, breaches of related legislative provisions under the Currency Act 1965 could result in substantial fines and imprisonment. For instance, under section 13D of the Currency Act, any person who makes or has in their possession any counterfeit coin, or who knowingly uses or passes off as genuine any counterfeit coin, can be subject to penalties including fines of up to $100,000 or imprisonment for up to 10 years, or both, for individual offences. For corporate entities, the penalties can be significantly higher, reaching up to $500,000 for each day of the offence. These penalties underscore the importance of strict compliance with the coin specifications and design requirements stipulated in the Determination.

Legal classification tags

Area of Law
Currency Law
Instrument
Statutory Instrument
Concepts
Commencement Provisions
Specifications and Design
Composition Standards
Weight Standards

Interactions

Authorises

All Versions

Sourced from the Federal Register of Legislation at 26 August 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au.