Currency (Perth Mint) Amendment Determination (No. 4) 2018

Administered by Department of the Treasury

Legislation au F2018L01439 Not in force Legislative Instrument

Legislation content

EXPLANATORY STATEMENT

Issued by authority of the Assistant Minister for Treasury and Finance

 

Currency Act 1965

Currency (Perth Mint) Amendment Determination (No. 4) 2018

Subsection 13(2) and section 13A of the Currency Act 1965 (the Act) provide that the Treasurer may, by legislative instrument, determine details of Australian coin characteristics including denomination, standard composition, standard weight, allowable variation from standard weight, design and dimensions.

The purpose of this legislative instrument is to amend previously determined details of Australian coin characteristics of six numismatic coins to be issued by The Perth Mint. The instrument amends the Currency (Perth Mint) Determination (No. 1) 2018 and the Currency (Perth Mint) Determination (No. 4) 2018.

The Treasurer may authorise the making and issuing of coins specified, or taken to be specified, in the Schedule to the Act. A payment of money is a legal tender if it is made in coins that are made and issued under the Act. Through the issue of a currency determination, the Treasurer can add, remove and alter the coin characteristics specified, or taken to be specified, in the Schedule to the Act.

In accordance with section 19 of the Acts Interpretations Act 1901, any Minister in the Treasury portfolio may, by legislative instrument, determine details of Australian coin characteristics.

Details of the legislative instrument are set out in the Attachment.

The legislative instrument commenced on day after it was registered on the Federal Register of Legislation.

The legislative instrument is subject to disallowance under section 42 of the Legislation Act 2003.

Consultation

No public consultation was taken on this amending legislative instrument. The effect of this legislative instrument is to adjust the determined dimensions, weight and composition of proposed coins to enable The Perth Mint to continue its production of numismatic coins.

Members of the public have the opportunity to contact The Perth Mint to present any themes they would like to see commemorated on Australian legal tender. These concepts are then researched and presented to The Perth Mint’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 (No. 4) 2018

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 amend previously determined details of Australian coin characteristics of six numismatic coins to be issued by The Perth Mint. The instrument amends the Currency (Perth Mint) Determination (No. 1) 2018 and the Currency (Perth Mint) Determination (No. 4) 2018.

 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.


ATTACHMENT

Details of the Currency (Perth Mint) Amendment Determination (No. 4) 2018

This Attachment sets out further details of the Currency (Perth Mint) Amendment Determination (No. 4) 2018 (the Amending Determination).

Section 1 – Name

This section specifies the name of the Determination is the Currency (Perth Mint) Amendment Determination (No. 4) 2018.

Section 2 – Commencement

This section prescribes that the Amending Determination commences the day after the Amending Determination is registered.

Section 3 – Authority

This section provides that the Amending Determination is made under the Act.

Section 4 – Schedules

This section provides that each instrument identified in a Schedule to the Amending Determination is amended or repealed in accordance with this Amending Determination.

Schedule 1 – Amendments

Amendment of Currency (Perth Mint) Determination (No. 1) 2018

The amendments to the Currency (Perth Mint) Determination (No. 1) 2018 correct typographical errors in the specified details of certain Australian numismatic coin characteristics, including in the way the maximum diameter, maximum thickness, and standard weight and allowable variation from the standard weight are expressed.

These errors occurred due to an administrative error of The Perth Mint. The coins have yet to issue.

Amendment of Currency (Perth Mint) Determination (No. 4) 2018

The amendments to the Currency (Perth Mint) Determination (No. 4) 2018 correct typographical errors in the specified details of Australian numismatic coin characteristics, including in the way the standard weight and allowable variation from the standard weight were expressed.

These errors occurred due to an administrative error of The Perth Mint. The coins have yet to issue.

Further, due to a supply oversight by The Perth Mint, a change the standard composition of another coin has had to be made.

Overview

The Currency (Perth Mint) Amendment Determination (No. 4) 2018, enacted by the Australian government, amends the previously determined details of Australian coin characteristics for six numismatic coins to be issued by The Perth Mint. The determination corrects typographical errors in the specified details of the coins' characteristics, including diameter, thickness, weight, and allowable variations, as well as addressing a supply oversight in the standard composition of one coin. This instrument amends the Currency (Perth Mint) Determination (No. 1) 2018 and the Currency (Perth Mint) Determination (No. 4) 2018, providing the Treasurer with the authority to determine these coin characteristics under the Currency Act 1965. The legislative instrument commenced on the day after it was registered on the Federal Register of Legislation, and it is subject to disallowance under section 42 of the Legislation Act 2003. The determination ensures the continued production of numismatic coins by The Perth Mint and aligns 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.

Scope and Application

The Currency (Perth Mint) Amendment Determination (No. 4) 2018 applies to the Perth Mint, an entity authorised under the Currency Act 1965 to produce Australian coins. This legislative instrument amends previously determined details of Australian coin characteristics for six numismatic coins set to be issued by the Perth Mint. The changes involve corrections of typographical errors in the coins' specifications, including adjustments to the maximum diameter, thickness, standard weight, and allowable variation from the standard weight. Additionally, a change in the standard composition of one coin has been made due to a supply oversight. The determination impacts the characteristics of coins listed in the Currency (Perth Mint) Determination (No. 1) 2018 and the Currency (Perth Mint) Determination (No. 4) 2018, which are yet to be issued. The instrument is subject to disallowance under section 42 of the Legislation Act 2003 and is compatible with human rights, as it does not engage any of the applicable rights or freedoms. The legislative instrument commenced on the day after it was registered on the Federal Register of Legislation.

Key Provisions

The Currency (Perth Mint) Amendment Determination (No. 4) 2018 amends the previously determined details of Australian coin characteristics for six numismatic coins to be issued by The Perth Mint. This legislative instrument addresses typographical errors and a supply oversight in the previously issued determinations. These amendments are critical for ensuring the accuracy and consistency of the coin specifications, which are necessary for their legal tender status and production. Under this legislation, The Perth Mint is obligated to adhere to the corrected specifications as outlined in the amending determination. The Mint must ensure that the coins meet the revised standards for dimensions, weight, and composition as specified. This requirement is essential to maintain the integrity and quality of Australian coins, ensuring they meet legal and market standards. Failure to comply with the amended specifications could result in the coins not meeting the legal tender requirements, potentially leading to complications in their acceptance and circulation. While the legislation does not explicitly outline specific penalties for non-compliance, the implications could include the coins not being accepted as legal tender, which would impact their value and utility. The Perth Mint must ensure strict adherence to the new specifications to avoid these consequences. The Currency (Perth Mint) Amendment Determination (No. 4) 2018 is subject to disallowance under section 42 of the Legislation Act 2003. This means that the instrument can be reviewed and potentially disallowed by Parliament, providing an additional layer of scrutiny and accountability. The absence of public consultation on this amending instrument suggests that the changes were deemed necessary and urgent to correct administrative errors and supply oversights.

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Currency Law
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Legislative Instrument
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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.