Currency Legislation (Perth Mint) Amendment Determination 2013 (No. 1)

Administered by Department of the Treasury

Legislation au F2013L00735 Not in force Legislative Instrument

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Explanatory Statement

 

Currency Act 1965

 

Currency Legislation (Perth Mint) Amendment Determination 2013 (No. 1)

 

Under subsection 13A(1) of the Currency Act 1965, the then Assistant Treasurer, Bill Shorten made the Currency (Perth Mint) Determination 2011 (No. 2) and the Currency (Perth Mint) Determination 2011 (No.3), and Parliamentary Secretary to the Treasurer, Bernie Ripoll, Currency (Perth Mint) Determination 2013 (No. 1) regarding the design and specifications of coins proposed to be issued by the Perth Mint. 

 

Subsection 13A (1) of the Currency Act 1965 requires that the determination provides details of the coins’ characteristics, including standard composition, standard weight, allowable variation from standard weight, design and dimensions.

 

This amendment determination is a disallowable instrument for the purposes of section 42 of the Legislative Instruments Act 2003. 

 

Amendment of Currency (Perth Mint) Determination 2011 (No. 2)

 

Item 85 of Schedule 1, Part 1 Currency (Perth Mint) Determination 2011 (No. 2) Omit “LORD HOWE ISLAND” and insert “LORD HOWE ISLAND GROUP” instead of “LORD HOWE ISLAND”.

 

Amendment of Currency (Perth Mint) Determination 2011 (No. 3)

 

Item 78 of Schedule 1, Part 1 Currency (Perth Mint) Determination 2011 (No. 3) was not manufactured within the determined specifications. Section 4, Schedule 1 – Amendments of Currency (Perth Mint) Amendment Determination 2013 (No.1) corrects the allowable variation for the said coin to reflect the actual coin specifications achieved by the manufacturing process.

 

Item 80 of Schedule 1, Part 1 Currency (Perth Mint) Determination 2011 (No. 3) was not manufactured within the determined specifications. Section 4, Schedule 1 – Amendments of Currency (Perth Mint) Amendment Determination 2013 (No.1) corrects the allowable variation for the said coin to reflect the actual coin specifications achieved by the manufacturing process.

 

Item 82 of Schedule 1, Part 1 Currency (Perth Mint) Determination 2011 (No. 3) was not manufactured within the determined specifications. Section 4, Schedule 1 – Amendments of Currency (Perth Mint) Amendment Determination 2013 (No.1) corrects the allowable variation for the said coin to reflect the actual coin specifications achieved by the manufacturing process.

 

Item 18 of Schedule 1, Part 2 Currency (Perth Mint) Determination 2011 (No. 3) was not released in 2012 as stated. Section 4, Schedule 1 – Amendments of Currency (Perth Mint) Amendment Determination 2013 (No.1) omits “2012” and substitutes “2015”.  

 

Item 19 of Schedule 1, Part 2 Currency (Perth Mint) Determination 2011 (No. 3) was not released in 2012 as stated. Section 4, Schedule 1 – Amendments of Currency (Perth Mint) Amendment Determination 2013 (No.1) omits “2012” and substitutes “2015”. 

 

Amendment of Currency (Perth Mint) Determination 2013 (No. 1)

 

Item 67 of Schedule 1, Part 2 Currency (Perth Mint) Determination 2013 (No. 1) will not be released in 2014 as stated. Section 4, Schedule 1 – Amendments of Currency (Perth Mint) Amendment Determination 2013 (No.1) omits “O8” and substitutes “O8” which amends the release date to 2015. 

 

Item 68 of Schedule 1, Part 2 Currency (Perth Mint) Determination 2013 (No. 1) will not be released in 2014 as stated. Section 4, Schedule 1 – Amendments of Currency (Perth Mint) Amendment Determination 2013 (No.1) omits “O8” and substitutes “O8” which amends the release date to 2015. 

 

Item 69 of Schedule 1, Part 2 Currency (Perth Mint) Determination 2013 (No. 1) will not be released in 2014 as stated. Section 4, Schedule 1 – Amendments of Currency (Perth Mint) Amendment Determination 2013 (No.1) omits “O8” and substitutes “O8” which amends the release date to 2015. 

 

Item 70 of Schedule 1, Part 2 Currency (Perth Mint) Determination 2013 (No. 1) will not be released in 2014 as stated. Section 4, Schedule 1 – Amendments of Currency (Perth Mint) Amendment Determination 2013 (No.1) omits “O8” and substitutes “O8” which is for a release date of 2015. 

 

Item 71 of Schedule 1, Part 2 Currency (Perth Mint) Determination 2013 (No. 1) will not be released in 2014 as stated. Section 4, Schedule 1 – Amendments of Currency (Perth Mint) Amendment Determination 2013 (No.1) omits “O8” and substitutes “O8” which amends the release date to 2015. 

 

 

 

 

The proposed amendments do not contravene subsection 12 (2) of the Legislative Instruments Act 2003 by having either of the following effects:

 

(a)  affecting the rights of a person (other than the Commonwealth or an authority of the Commonwealth) as at the date of registration as to disadvantage that person; or

(b)  imposing liabilities on a person (other than the Commonwealth or an authority of the Commonwealth) in respect of anything done or omitted to be done before the date of registration.

 

 

 

 

 

 

 

 

Consultation

 

GoldCorp Australia has undertaken consultation among its network of Australian and international wholesale distributors. Authorised Australian distributors of Perth Mint products are consulted regularly during business meetings and participation at the Australian Numismatic Dealers’ Association Coin, Banknote and Stamp shows and Licensed Post Office Conferences held throughout Australia.  Likewise, international distributors are consulted during a schedule of individual meetings hosted during the World Money Fair held in Berlin and the American Numismatic Association’s World’s Fair of Money. 

 

In some instances when a major program is in concept stage Perth Mint would conduct market research through focus groups to assist in preparing designs.

 

Limited consultation is conducted with external parties due to the confidentiality of coin themes and artwork, due to the risk of competitors viewing Perth Mint’s innovations and potentially releasing similar coins into the market prior to release.
 

Members of the public have the opportunity to contact Perth Mint to present any themes they would like to see commemorated on Australian legal tender.  These concepts are then researched and presented to GoldCorp Australia’s sales and marketing department for consideration and feedback.

 

 

 

 

 


Statement of Compatibility with Human Rights

 

Prepared in accordance with Part 3 of the Human Rights (Parliamentary Scrutiny) Act 2011

 

Currency (Perth Mint) Amendment Determination 2013 (No. 1)

 

This Legislative Instrument is compatible with the human rights and freedoms recognised or declared in the international instruments listed in section 3 of the Human Rights (Parliamentary Scrutiny) Act 2011.

 

Overview of the Legislative Instrument

 

The purpose of this Legislative Instrument is to determine the weight, dimension, design and composition of 11 amended numismatic coins to be released by the Perth Mint. 

 

Human rights implications

 

This Legislative Instrument does not engage any of the applicable rights or freedoms.

 

Conclusion

 

This Legislative Instrument is compatible with human rights as it does not raise any human rights issues.

 

Overview

The Currency (Perth Mint) Amendment Determination 2013 (No. 1) was enacted under subsection 13A(1) of the Currency Act 1965, and introduced by the then Assistant Treasurer, Bill Shorten, and the Parliamentary Secretary to the Treasurer, Bernie Ripoll. This amendment determination addresses issues regarding the design and specifications of coins proposed to be issued by the Perth Mint, ensuring that coins are manufactured to the required standards. The determination specifies the characteristics of the coins, including their standard composition, weight, allowable variation, design and dimensions. This amendment determination is a disallowable instrument for the purposes of section 42 of the Legislative Instruments Act 2003. The policy objective is to ensure that coins meet the required specifications, while also taking into consideration the feedback from distributors and the public. The proposed amendments do not affect the rights or impose liabilities on persons other than the Commonwealth or an authority of the Commonwealth.

Scope and Application

The Currency Legislation (Perth Mint) Amendment Determination 2013 (No. 1) is a legislative instrument under the Currency Act 1965, which pertains to the design and specifications of coins issued by the Perth Mint. It applies to the Commonwealth of Australia and governs the characteristics of the coins, including their standard composition, standard weight, allowable variation from standard weight, design and dimensions. The determination is applicable to the entities responsible for manufacturing and releasing these coins, specifically the Perth Mint. The amendment addresses specific coins that did not meet their specified manufacturing standards and adjusts their allowable variations to reflect the actual specifications achieved. Additionally, it corrects release dates for certain coins that were inaccurately scheduled in previous determinations. This legislative instrument does not apply to any persons, entities, or industries outside of the scope of coin design and specifications set forth by the Currency Act 1965. The instrument is a disallowable legislative instrument, meaning it can be annulled by either House of the Parliament under the Legislative Instruments Act 2003. There are no exclusions, exemptions, or thresholds outlined in the determination itself, although the Currency Act 1965 may impose certain limitations on coin issuance and specifications.

Key Provisions

The Currency Legislation (Perth Mint) Amendment Determination 2013 (No. 1) amends the Currency (Perth Mint) Determination 2011 (No. 2) and Currency (Perth Mint) Determination 2011 (No. 3), providing specific details about the coins’ characteristics, including the standard composition, standard weight, allowable variation from standard weight, design, and dimensions (subsection 13A(1) of the Currency Act 1965). The amendment corrects the specifications for certain coins that were not manufactured within the determined specifications and adjusts the release dates of coins that were originally scheduled for release in 2012 and 2014, now set for 2015 (Section 4, Schedule 1 of the Currency (Perth Mint) Amendment Determination 2013 (No. 1)). These changes are aimed at ensuring the coins meet manufacturing standards and are released in the correct year. The obligations imposed by the Act include the requirement for the Perth Mint to ensure that all coins meet the specified standards and are manufactured accurately to those standards (subsection 13A(1) of the Currency Act 1965). Additionally, the Perth Mint must also adhere to the amended release dates set forth in the Currency (Perth Mint) Amendment Determination 2013 (No. 1). The Mint is also required to consult with its network of Australian and international wholesale distributors, and to conduct market research as needed to prepare coin designs (Consultation section). The Perth Mint must ensure that its activities do not affect the rights of any person adversely or impose liabilities on them for actions taken before the date of registration (subsection 12(2) of the Legislative Instruments Act 2003). There are no specific offences, penalties, or civil/criminal consequences outlined in the Currency (Perth Mint) Amendment Determination 2013 (No. 1) for breaches of the provisions. However, any failure to comply with the Currency Act 1965 or the Legislative Instruments Act 2003 could result in legal actions being taken against the Perth Mint or any associated parties, potentially leading to fines, injunctions, or other remedies as deemed appropriate by the courts. The determination itself does not specify the maximum penalties but references the broader legislative framework within which any breaches would be addressed.

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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.