Overview

The Currency (Perth Mint) Amendment Determination (No. 1) 2018 was enacted to address a discrepancy in the specifications of a numismatic coin manufactured by the Perth Mint that did not meet the initially determined standards. This amendment was made under subsection 13A(1) of the Currency Act 1965 by the Assistant Minister to the Treasurer, ensuring the coins’ characteristics, including composition, weight, design, and dimensions, align with the actual specifications achieved by the manufacturing process. This amendment aims to rectify the manufacturing variance without imposing any liabilities or disadvantaging the public, as per the requirements of the Legislation Act 2003. The determination was not subject to public consultation, but the public is encouraged to propose themes for future commemorative coins through The Perth Mint. Additionally, the amendment is compatible with human rights as it does not engage any applicable rights or freedoms, as stipulated in the Human Rights (Parliamentary Scrutiny) Act 2011.

Scope and Application

The Currency (Perth Mint) Amendment Determination (No. 1) 2018 amends the Currency (Perth Mint) Determination (No. 1) 2018 under subsection 13A(1) of the Currency Act 1965, providing details of the coins’ characteristics, including standard composition, standard weight, allowable variation from standard weight, design and dimensions, as required by the Act. This amendment applies to the Perth Mint and any coins it produces that fall under the specifications detailed in the Determination. The amendment is made to reflect the actual specifications achieved by the manufacturing process and does not extend to affect any rights or impose any liabilities on any person as per subsection 12(2) of the Legislation Act 2003. The determination is a disallowable instrument under section 42 of the Legislation Act 2003, and it is compatible with human rights as stated in the Statement of Compatibility with Human Rights. The amendment comes into effect on the day after it is registered.

Key Provisions

The Currency (Perth Mint) Amendment Determination (No. 1) 2018, issued under subsection 13A(1) of the Currency Act 1965, amends the specifications of coins proposed to be issued by the Perth Mint. The amendment pertains to the thickness of a specific numismatic coin (section 10 of Schedule 1, Part 1). This legislative instrument provides the necessary adjustments to reflect the actual manufacturing specifications achieved by the Mint, ensuring compliance with the original legislative intent outlined in the Currency (Perth Mint) Determination (No. 1) 2018. The amendment ensures that the coins produced meet the required standards, including composition, weight, allowable variations, design, and dimensions, as stipulated in the original determination. The obligations imposed by this determination on the Perth Mint are to adhere strictly to the amended specifications for the coin in question. This includes ensuring that the coins are manufactured to the new maximum thickness as specified, thereby aligning the production process with the legal requirements set forth in the Currency Act 1965. The Mint is also required to maintain accurate records and documentation of these manufacturing processes to demonstrate compliance with the legislative requirements. Failure to comply with the specifications outlined in the Currency (Perth Mint) Amendment Determination (No. 1) 2018 may result in legal consequences. Although the determination does not explicitly state offences or penalties, non-compliance with the Currency Act 1965 and its related determinations can lead to enforcement actions by the relevant authorities. This may include civil or criminal penalties, depending on the nature and extent of the non-compliance. The Currency Act 1965 provides for significant penalties, including fines and imprisonment, for serious breaches, underscoring the importance of adhering to the legislative requirements. The precise penalties would be determined in accordance with the specific provisions of the Currency Act and any applicable regulations.