Overview

The Currency (Perth Mint) Amendment Determination (No. 3) 2018 is a legislative instrument made under subsection 13A(1) of the Currency Act 1965 by the Assistant Minister to the Treasurer. This amendment determination aims to reflect the actual specifications achieved by the manufacturing process for certain coins to be issued by The Perth Mint. Specifically, it modifies items 12 and 13 of Schedule 1, Part 1 of the Currency (Perth Mint) Determination (No. 1) 2018 to adjust the maximum diameter and maximum thickness of two numismatic coins. The determination is subject to disallowance by either House of the Parliament under section 42 of the Legislation Act 2003. The amendment was made without public consultation, although the public is invited to submit themes for future coin designs to The Perth Mint. This legislative instrument has been reviewed under the Human Rights (Parliamentary Scrutiny) Act 2011 and is considered compatible with human rights as it does not engage any of the applicable rights or freedoms.

Scope and Application

The Currency (Perth Mint) Amendment Determination (No. 3) 2018 amends the Currency (Perth Mint) Determination (No. 1) 2018, which was made under subsection 13A(1) of the Currency Act 1965. This amendment applies specifically to the Perth Mint, an entity authorised to mint and issue coins, and concerns the maximum diameter and thickness of 2 numismatic coins. The amendment reflects the actual specifications achieved through the manufacturing process, ensuring that the coins meet the required standards for legal tender. The amendment operates within the scope of the Commonwealth of Australia and comes into effect on the day after its registration. It is important to note that this legislative instrument does not engage any human rights issues, and therefore, it is compatible with human rights as declared in international instruments. The amendment is a legislative instrument that can be disallowed by either House of the Parliament under section 42 of the Legislation Act 2003.

Key Provisions

The Currency (Perth Mint) Amendment Determination (No. 3) 2018 amends the Currency (Perth Mint) Determination (No. 1) 2018 to reflect the actual specifications achieved by the manufacturing process for coins to be issued by the Perth Mint. This includes adjustments to the maximum diameter and maximum thickness of two numismatic coins (items 12 and 13 of Schedule 1, Part 1 of the Currency (Perth Mint) Determination (No. 1) 2018). This amendment is made under subsection 13A(1) of the Currency Act 1965, which requires the determination to provide details of the coins' characteristics, including standard composition, standard weight, allowable variation from standard weight, design, and dimensions. The Amendment Determination imposes a requirement on the Perth Mint to ensure that the coins they manufacture meet the specifications outlined in the amended determination. This includes adhering to the new maximum diameter and maximum thickness for the specified numismatic coins. The determination does not impose any additional obligations on other parties but rather refines the specifications for the coins already outlined in the original determination. There are no specific offences, penalties, or civil/criminal consequences outlined in the Amendment Determination itself. However, any failure by the Perth Mint to comply with the specifications could potentially lead to issues under other parts of the Currency Act 1965 or related regulations, which might include administrative actions or penalties as prescribed by those laws. The Amendment Determination itself does not specify any penalties for non-compliance. Given that this legislative instrument is a determination under the Currency Act 1965, it is disallowable by either House of the Parliament under section 42 of the Legislation Act 2003. The determination commences on the day after it is registered. It is noteworthy that no public consultation was undertaken for this Amendment Determination, as its effect is solely to reflect the actual specifications achieved by the manufacturing process. The public remains able to suggest themes for commemoration on Australian legal tender, which are then considered by The Perth Mint's sales and marketing department.