Currency (Perth Mint) Determination 2000 (No. 3)
I, JOE HOCKEY, Minister for Financial Services and Regulation, make this Determination under subsection 13A (1) of the Currency Act 1965.
Dated 7 September 2000
JOE HOCKEY
Minister for Financial Services and Regulation
1 Name of Determination
This Determination is the Currency (Perth Mint) Determination 2000 (No. 3).
2 Commencement
This Determination commences on gazettal.
3 Specification of coins
This Determination specifies, for a coin having the denomination and standard composition specified in columns 2 and 3 of Part 1 of Schedule 1, the standard weight, the allowable variation from that weight, the dimensions and the design specified in columns 4, 5 and 6 of that Part.
4 Application of Determination
The specifications in this Determination do not affect any other Determination of the specifications of a coin.
Schedule 1
(section 3)
Part 1 Specification of coins
Column 1 | Column 2 | Column 3 | Column 4 | Column 5 | Column 6 |
Item | Denomination and nominal weight in ounces or kilograms | Standard
composition | Standard weight and allowable variation (g) | Dimensions | Design |
| | | | (1)
Diameter
(mm) | (2)
Thickness
(mm) | (1)
Shape | (2)
Edge | (3)
Obverse | (4)
Reverse |
101 | 50 cents
(1/2 oz) | Not less than 99.9% silver | 16.086 ± 0.500 | 32.10 | 2.80 | S1 | E1 | O1 | R235 |
102 | $1
(1 oz) | Not less than 99.9% silver | 31.635 ± 0.500 | 40.60 | 4.00 | S1 | E1 | O1 | R235 |
103 | $2
(2 oz) | Not less than 99.9% silver | 62.770 ± 0.500 | 50.30 | 4.50 | S1 | E2 | O1 | R235 |
104 | $10
(10 oz) | Not less than 99.9% silver | 312.347 ± 1.000 | 75.50 | 8.70 | S1 | E2 | O1 | R235 |
105 | $30
(1 kg) | Not less than 99.9% silver | 1002.502 ± 1.500 | 101.00 | 14.60 | S1 | E2 | O1 | R235 |
|
Part 2 Explanation of symbols
Column 1 | Column 2 | Column 3 | Column 4 |
Item | Design Feature | Symbol | Explanation |
201 | Shape | S1 | Circular |
202 | Edge | E1 | Continuously milled |
203 | Edge | E2 | 8 segments, of which 4 are milled and 4 are plain |
204 | Obverse | O1 | A circle of raised beads, immediately inside the rim, enclosing: (a) the inscriptions: (i) ‘ELIZABETH II’; and (ii) ‘AUSTRALIA’; and (b) an inscription stating, in Arabic numerals, the amount, in dollars or cents, of the denomination of the coin, followed by the word ‘DOLLAR’, ‘DOLLARS’ or ‘CENTS’ as the case requires; that, in turn, surround an effigy of Queen Elizabeth II. |
205 | Reverse | R235 | A circle of raised beads, immediately inside the rim, enclosing: (a) either: (i) if the nominal weight of the coin is measured in ounces — the inscription ‘X OZ 999 SILVER’ (where ‘X’ is the nominal weight, in ounces, of the coin expressed as a common fraction, or whole number, in Arabic numerals); or (ii) if the nominal weight of the coin is 1 kilogram — the inscription ‘1KILO 999 SILVER’; and (b) the inscription ‘2001’; and (c) the Chinese character for ‘snake’; and (d) a pattern of bats and clouds; that, in turn, surround: (e) a representation of a snake with 3 unhatched eggs, 1 cracked egg and 1 egg from which a baby snake is hatching; with or without the inscription ‘P’. |
Overview
The Currency (Perth Mint) Determination 2000 (No. 3) was made under subsection 13A(1) of the Currency Act 1965 by Joe Hockey, the Minister for Financial Services and Regulation. This legislative instrument specifies the standards for coins minted by the Perth Mint, including their weight, dimensions, and design. It was introduced to ensure consistency and quality in the minting process of Australian coins. The Determination outlines specific details for various denominations, including the allowable variations in weight, the dimensions, and the design elements such as the obverse and reverse features. This legislation ensures that all coins produced adhere to the prescribed specifications, thereby maintaining the integrity and uniformity of Australian currency.
Scope and Application
The Currency (Perth Mint) Determination 2000 (No. 3) applies to the specifications of coins minted by the Perth Mint under the Currency Act 1965. This legislation outlines the precise standards for coins, including their weight, composition, dimensions, and design, as detailed in the attached schedule. The Determination sets forth the allowable variations and the specific features that must be present on each coin, such as the obverse and reverse designs and inscriptions, ensuring uniformity and quality in the production of Australian currency. The provisions of this Determination do not supersede any other specifications established for coins under different determinations. The application of this Determination is confined to the specifications of coins, and it does not extend to other aspects of the minting process or to other types of currency. The scope of this legislation is limited to the Commonwealth level, impacting the Perth Mint and any entities involved in the production of the specified coins. There are no stated exclusions or exemptions within the text, but the Determination itself does not affect other coin specifications unless explicitly mentioned. The Determination can be extended or further specified through subordinate instruments, which may provide additional details or amendments to the existing specifications.
Key Provisions
The Currency (Perth Mint) Determination 2000 (No. 3) specifies the particulars of coins minted by the Perth Mint. The Determination outlines the denomination, standard composition, standard weight, allowable variation, dimensions, and design of the coins (s. 3). The coins specified are those with a denomination and nominal weight in ounces or kilograms (Schedule 1, Part 1). For instance, the coin with a denomination of 1/2 ounce must be not less than 99.9% silver, weigh 16.086 grams with an allowable variation of ± 0.500 grams, have a diameter of 32.1 millimetres, a thickness of 2.8 millimetres, a circular shape, a continuously milled edge, and particular obverse and reverse designs (Schedule 1, Part 1, Item 1).
The Determination imposes obligations on the Perth Mint to adhere to the specifications provided. This includes ensuring that the coins minted meet the required standards in terms of weight, composition, and design. The Perth Mint must also ensure that the coins bear the correct inscriptions, images, and patterns as specified. Failure to comply with these specifications could result in the production of coins that do not meet the legal standards set by the Currency Act 1965.
There are no specific offences, penalties, or consequences outlined in the Determination itself. However, any breach of the specifications would likely be addressed under the broader provisions of the Currency Act 1965. Penalties for contraventions of the Currency Act could include fines or imprisonment, depending on the severity of the offence. The maximum penalties are not specified in the Determination but would be determined under the relevant sections of the Currency Act. The Act provides that an offence against it is punishable by a fine not exceeding 50 penalty units or imprisonment for a term not exceeding two years, or both (Currency Act 1965, s. 16). These penalties may be increased for repeat offences or for offences that cause significant financial loss.