Currency (Perth Mint) Determination 2000 (No. 6)
I, JOE HOCKEY, Minister for Financial Services and Regulation, make this Determination under subsection 13A (1) of the Currency Act 1965.
Dated 10 October 2000
JOE HOCKEY
Minister for Financial Services and Regulation
Contents
Page
1 Name of Determination
2 Commencement
3 Specification of coins
4 Application of Determination
Schedule 1
Part 1 Specifications of coins
Part 2 Explanation of Symbols
1 Name of Determination
This Determination is the Currency (Perth Mint) Determination 2000 (No. 6).
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 Specifications of coins
Column 1 | Column 2 | Column 3 | Column 4 | Column 5 | Column 6 |
Item | Denomination (and, where relevant, nominal weight in ounces) | 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 | $1
(1oz) | Not less than 99.9% silver | 31.635 0.500 | 40.50 | 4.00 | S1 | E1 | O1 | R254 |
102 | $20 | Bi-metallic: (a) centre piece –99.9% silver (b) surround – 99.99% gold | 14.53 0.500 | 32.00 | 2.80 | S1 | E1 | O26 | R255 |
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 | Obverse | O1 | A circle of raised beads, immediately inside the rim, enclosing the inscriptions: (a) ‘ELIZABETH II’; and (b) ‘AUSTRALIA’; and (c) ‘1 DOLLAR’; that, in turn, surround an effigy of Queen Elizabeth II. |
204 | Obverse | O26 | A silver disc bearing an effigy of Queen Elizabeth II, surrounded by a gold annulus bearing the inscriptions: (a) ‘ELIZABETH II’; and (b) ‘AUSTRALIA’; and (c) ‘20 DOLLARS’. |
205 | Reverse | R254 | A silver disc bearing: (a) the inscription ‘AUSTRALIA 2001 1oz. 999 SILVER’; and (b) a circular design comprising a series of Egyptian symbols, deities and hieroglyphs, surrounding, and partially superimposed on: (i) a depiction of a satellite view of the earth, pad printed in colour; and (ii) a representation of the sun, depicted as a gold insert; and (c) as a mint mark, the letter ‘P’. |
206 | Reverse | R255 | A gold annulus bearing a circle of raised beads and the inscriptions ‘GREGORIAN’ and ‘MILLENNIUM 2001’, surrounding a silver disc bearing: (a) a chronograph superimposed on a design composed of an observatory and the night sky, pad printed in colour, surrounded by 3 depictions of the earth in rotation; and (b) as a mint mark, the letter ‘P’. |
Overview
The Currency (Perth Mint) Determination 2000 (No. 6) was enacted to address the need for specific standards and specifications for certain coins minted by the Perth Mint. Made under the authority of subsection 13A(1) of the Currency Act 1965 by the Minister for Financial Services and Regulation, this Determination aims to ensure consistency and quality in the coins produced. It provides detailed specifications for the weight, dimensions, and design of specific coins, ensuring they meet the required standards without affecting other coin specifications. This legislative instrument was designed to maintain the integrity and value of Australian currency by specifying the precise characteristics of certain coins, thereby supporting the broader policy objective of maintaining trust and confidence in the nation's currency.
Scope and Application
The Currency (Perth Mint) Determination 2000 (No. 6) applies specifically to the minting of coins by the Perth Mint, setting out the specifications for coins including their weight, dimensions, and design. This Determination is made under the authority of the Currency Act 1965 and comes into effect immediately upon gazettal. It specifies the standards for coins in terms of weight, allowable variations, dimensions, and design, ensuring consistency and quality in the coins minted. This Determination applies to the Perth Mint and governs the production of coins with the specified denominations and compositions, ensuring that they meet the stringent criteria outlined in the Determination. The jurisdictional reach of this Determination is limited to the Commonwealth, affecting the Perth Mint directly. There are no exclusions, exemptions, or thresholds specified within the text of the Determination itself; however, the application may be extended or restricted through subordinate instruments under the Currency Act 1965.
Key Provisions
The Currency (Perth Mint) Determination 2000 (No. 6) outlines specific specifications for coins minted at the Perth Mint, under section 13A(1) of the Currency Act 1965. This Determination sets out the required standards for coins minted in terms of their weight, composition, dimensions, and design (section 3). Specifically, it details the denomination and standard composition of the coins, along with their standard weight, allowable variation from that weight, dimensions, and design features (Schedule 1, Part 1). For example, for a $1 coin, the standard composition must be at least 99.9% silver, with a standard weight of 31.635 grams plus or minus 0.500 grams, and a diameter of 40.50 millimetres.
The Determination imposes clear specifications on the entities responsible for minting the coins, ensuring that each coin meets the prescribed standards for weight, composition, dimensions, and design (section 3). For instance, the $1 coin must adhere to the specifications regarding its silver content, weight, diameter, and design elements such as the obverse and reverse sides. The minting process must comply with these standards to ensure consistency and quality across all minted coins.
Breaches of the specifications set out in this Determination may result in legal consequences. Although the Determination itself does not explicitly state penalties for non-compliance, it is enacted under the Currency Act 1965, which includes provisions for offences and penalties. For example, under the Currency Act, there are penalties for counterfeiting, dealing in counterfeit currency, and other related offences. The maximum penalties for such offences can include substantial fines and imprisonment, reflecting the seriousness of these violations.
In summary, the Currency (Perth Mint) Determination 2000 (No. 6) provides detailed specifications for the minting of coins, ensuring they meet certain standards for weight, composition, dimensions, and design. This Determination imposes obligations on minting entities to adhere to these specifications, with potential legal consequences for non-compliance as outlined under the Currency Act 1965.