Currency (Perth Mint) Determination 2001 (No. 2)

Administered by Department of the Treasury

Legislation au F2006B00165 In force Legislative Instrument

Legislation content

Currency (Perth Mint) Determination 2001 (No. 2)

I, JOE HOCKEY, Minister for Financial Services and Regulation, make this Determination under subsection 13A (1) of the Currency Act 1965.

Dated 17 July 2001

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 2001 (No. 2) (No. 2).

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 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

$5
(1/20 oz)

Not less than 99.99% gold

1.571 0.015

14.10

1.40

S1

E1

O1

R267

102

$15
(1/10 oz)

Not less than 99.99% gold

3.133 0.022

16.10

1.50

S1

E1

O1

R267

103

$25
(1/4 oz)

Not less than 99.99% gold

7.807 0.030

20.10

2.00

S1

E1

O1

R267

104

$50
(1/2 oz)

Not less than 99.99% gold

15.594 0.040

25.10

2.40

S1

E1

O1

R267

105

$100
(1 oz)

Not less than 99.99% gold

31.162 0.055

32.10

2.80

S1

E1

O1

R267

106

$100
(1 oz)

Not less than 99.99% gold

31.162 0.055

32.10

2.80

S1

E1

O1

R268

107

$200
(2 oz)

Not less than 99.99% gold

62.265 0.050

40.60

4.00

S1

E1

O1

R267

108

$200
(2 oz)

Not less than 99.99% gold

62.265 0.050

40.60

4.00

S1

E1

O1

R269

109

$1 000
(10 oz)

Not less than 99.99% gold

311.317  0.250

60.30

7.90

S1

E1

O1

R269

110

$3 000
(1 kg)

Not less than 99.99% gold

1000.350  0.250

75.30

13.90

S1

E1

O1

R269

111

50 cents
(1/2 oz)

Not less than 99.9% silver

16.073 0.500

32.10 (circum-scribed diameter)

3.50

S5

E1

O27

R271

112

$1
(1 oz)

Not less than 99.9% silver

31.635 0.500

40.60

4.00

S1

E1

O1

R270

113

$2
(2 oz)

Not less than 99.9% silver

62.770 0.500

50.30

4.50

S1

E1

O1

R270

114

$10
(10 oz)

Not less than 99.9% silver

312.347  1.000

75.50

8.70

S1

E1

O1

R270

115

$10
(10 oz)

Not less than 99.9% silver

312.347  1.000

75.50

8.70

S1

E1

O1

R272

116

$30
(1 kg)

Not less than 99.9% silver

1002.502  1.500

101.00

14.60

S1

E1

O1

R270

117

$5
(1/20 oz)

Not less than 99.95% platinum

1.571 0.015

14.10

1.40

S1

E1

O1

R273

118

$15
(1/10 oz)

Not less than 99.95% platinum

3.137 0.025

16.10

1.32

S1

E1

O1

R273

119

$25
(1/4 oz)

Not less than 99.95% platinum

7.815 0.035

20.10

1.90

S1

E1

O1

R273

120

$50
(1/2 oz)

Not less than 99.95% platinum

15.605 0.045

25.10

2.30

S1

E1

O1

R273

121

$100
(1 oz)

Not less than 99.95% platinum

31.185 0.065

32.10

2.70

S1

E1

O1

R273

122

$100
(1 oz)

Not less than 99.95% platinum

31.185 0.065

32.10

2.70

S1

E1

O1

R274

123

$200
(2 oz)

Not less than 99.95% platinum

62.313 0.075

40.60

3.80

S1

E1

O1

R273

124

$200
(2 oz)

Not less than 99.95% platinum

62.313 0.075

40.60

3.80

S1

E1

O1

R275

125

$1 000
(10 oz)

Not less than 99.95% platinum

311.691  0.500

60.30

7.90

S1

E1

O1

R275

126

$3 000
(1 kg)

Not less than 99.95% platinum

1001.000  0.500

75.30

13.90

S1

E1

O1

R275

127

50 cents
(1/2 oz)

Not less than 99.9% silver

16.073 0.500

32.10

3.10

S1

E1

O1

R276

128

$1
(1 oz)

Not less than 99.9% silver

31.635 0.500

40.60

4.00

S1

E1

O1

R276

129

$2
(2 oz)

Not less than 99.9% silver

62.770 0.500

50.30

4.50

S1

E1

O1

R276

130

$10
(10 oz)

Not less than 99.9% silver

312.347  1.000

75.50

8.70

S1

E1

O1

R276

131

$30
(1 kg)

Not less than 99.9% silver

1002.502  1.500

101.00

14.60

S1

E1

O1

R276

132

$5
(1/20 oz)

Not less than 99.99% gold

1.571 0.015

14.10

1.40

S1

E1

O1

R277

133

$15
(1/10 oz)

Not less than 99.99% gold

3.133 0.022

16.10

1.50

S1

E1

O1

R277

134

$25
(1/4 oz)

Not less than 99.99% gold

7.807 0.030

20.10

2.00

S1

E1

O1

R277

135

$50
(1/2 oz)

Not less than 99.99% gold

16.073 0.500

25.10

2.40

S1

E1

O1

R277

136

$100
(1 oz)

Not less than 99.99% gold

31.162 0.055

32.10

2.80

S1

E1

O1

R277

137

$200
(2 oz)

Not less than 99.99% gold

62.265 0.050

40.60

4.00

S1

E1

O1

R277

138

$1 000
(10 oz)

Not less than 99.99% gold

311.317  0.250

60.30

7.90

S1

E1

O1

R277

139

$3 000
(1 kg)

Not less than 99.99% gold

1000.350  0.250

75.30

13.90

S1

E1

O1

R277

140

50 cents
(1/2 oz)

Not less than 99.9% silver

16.073 0.500

32.10

3.10

S1

E1

O1

R278

141

$1
(1 oz)

Not less than 99.9% silver

31.635 0.500

40.60

4.00

S1

E1

O1

R278

142

$2
(2 oz)

Not less than 99.9% silver

62.770 0.500

50.30

4.50

S1

E1

O1

R278

143

$10
(10 oz)

Not less than 99.9% silver

312.347  1.000

75.50

8.70

S1

E1

O1

R278

144

$30
(1 kg)

Not less than 99.9% silver

1002.502  1.500

101.00

14.60

S1

E1

O1

R278

145

$30
(1 kg)

Not less than 99.9% silver

1002.502  1.500

101.00

14.60

S1

E1

O1

R279

146

$30
(1 kg)

Not less than 99.9% silver

1002.502  1.500

101.00

14.60

S1

E1

O1

R280

147

$30
(1 kg)

Not less than 99.9% silver

1002.502  1.500

101.00

14.60

S1

E1

O1

R281

148

$30
(1 kg)

Not less than 99.9% silver

1002.502  1.500

101.00

14.60

S1

E1

O1

R282

149

$1
(1 oz)

Not less than 99.9% silver

31.635 0.500

40.60

4.00

S1

E1

O1

R283

150

$1
(1 oz)

Not less than 99.9% silver

31.635 0.500

40.60

4.00

S1

E1

O1

R284

151

$1
(1 oz)

Not less than 99.9% silver

31.635 0.500

40.60

4.00

S1

E1

O1

R285

152

$1
(1 oz)

Not less than 99.9% silver

31.635 0.500

40.60

4.00

S1

E1

O1

R286

153

$1
(1 oz)

Not less than 99.9% silver

31.635 0.500

40.60

4.00

S1

E1

O1

R287

154

$1
(1 oz)

Not less than 99.9% silver

31.635 0.500

40.60

4.00

S1

E1

O1

R288

155

$1
(1 oz)

Not less than 99.9% silver

31.635 0.500

40.60

4.00

S1

E1

O1

R289

156

$2
(2 oz)

Not less than 99.9% silver

62.770 0.500

50.30

4.50

S1

E1

O1

R290

157

$30
(1 kg)

Not less than 99.9% silver

1002.502  1.500

101.00

14.60

S1

E1

O1

R291

 

Part 2 Explanation of symbols

 

Column 1

Column 2

Column 3

Column 4

Item

Design feature

Symbol

Explanation

201

Shape

S1

Circular

202

Shape

S5

Square (with rounded corners)

203

Edge

E1

Milled

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 the Queen.

205

Obverse

O27

A row 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 the Queen and the inscription ‘IRB’.

206

Reverse

R267

A circle of raised beads, immediately inside the rim, enclosing the inscriptions:

 (a) ‘THE AUSTRALIAN NUGGET X OZ. 9999 GOLD’ (where ‘X’ is the nominal weight, in ounces, of the coin expressed as a common fraction, or whole number, in Arabic numerals); and

 (b) ‘2002’ or ‘2003’;

that, in turn, surround:

 (c) a representation of a kangaroo drinking from a billabong; and

 (d) for a coin dated 2002 – the inscription ‘P’.

207

Reverse

R268

A circle of raised beads, immediately inside the rim, enclosing the inscriptions:

 (a) ‘THE AUSTRALIAN NUGGET 1 OZ. 9999 GOLD’; and

 (b) ‘2002’;

that, in turn, surround the inscription:

 (c) ‘Australian Prospector Series’; and

 (d) a representation of 2 prospectors ‘dry blowing’ with 2 gold prospecting pans and their contents highlighted in colour; and

 (e) the inscription ‘P’.

208

Reverse

R269

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 ‘THE AUSTRALIAN NUGGET X OZ. 9999 GOLD’ (where ‘X’ is the nominal weight, in ounces, of the coin expressed as a whole number in Arabic numerals); or

 (ii) if the nominal weight of the coin is 1 kilogram — the inscription ‘THE AUSTRALIAN NUGGET 1 KILO 9999 GOLD’; and

 (b) the inscription ‘2003’;

that, in turn, surround:

 (c) a representation of a red kangaroo on a sunburst of rays.

209

Reverse

R270

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 ‘AUSTRALIAN KOOKABURRA 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 ‘THE AUSTRALIAN KOOKABURRA 1 KILO 999 SILVER’; and

 (b) the inscription ‘2002’ or ‘2003’; and

 (c)  a representation of a kookaburra perched on a branch; and

 (d) for a coin dated 2002 – the inscription ‘P’.

210

Reverse

R271

A border of raised beads, immediately inside the rim, enclosing the inscriptions:

 (a) ‘AUSTRALIAN KOOKABURRA’; and

 (b) ‘1/2 oz. 999 SILVER’; and

 (c) ‘2002’; and

 (d) a representation of a kookaburra perched on a branch; and

 (e) the inscription ‘P’.

211

Reverse

R272

The inscriptions:

 (a) ‘AUSTRALIAN KOOKABURRA 2002 10 0Z. 999 SILVER’; and

 (b) ‘EVOLUTION OF TIME’;

that, in turn, surround the inscription:

 (c) ‘Tempus fugit et nunquam revertitur’; and

 (d) representations of symbols of ancient and modern timekeeping:

 (i) 5 international time-keeping clocks; and

 (ii) the upper part of a fob watch with numbers shown in Roman, digital and Arabic styles; and

 (iii) an hour glass ‘sand clock’; and

 (v) an atomic clock; and

 (v) an Egyptian pyramid and image of Sirius the Dog Star; and

 (vi) the Sun; and

 (vii) a calibration of an astrolobe and sundial; and

 (e) the inscription ‘P’.

212

Reverse

R273

The inscriptions:

 (a) ‘AUSTRALIAN KOALA X OZ. 9995 PLATINUM’ (where ‘X’ is the nominal weight, in ounces, of the coin expressed as a common fraction, or whole number, in Arabic numerals; and

 (b) ‘2002’ or ‘2003’; and

 (c) a representation of a young male koala; and

 (d) for a coin dated 2002 – the inscription ‘P’.

213

Reverse

R274

A circle of raised beads, immediately inside the rim, enclosing the inscriptions:

 (a) ‘AUSTRALIAN KOALA 1 OZ. 9995 PLATINUM’; and

 (b) ‘2002’;

that, in turn, surround:

 (c) a representation of 5 adults and a toddler from different cultural backgrounds signifying Australian multiculturalism on a background pad-printed in colour; and

the inscriptions:

 (d) ‘Australian Stories - Multiculturalism’; and

 (e) ‘P’.

214

Reverse

R275

A circle, immediately inside the rim, enclosing:

 (a) either:

 (i) if the nominal weight of the coin is measured in ounces — the inscription ‘THE AUSTRALIAN KOALA X OZ. 9995 PLATINUM’ (where ‘X’ is the nominal weight, in ounces, of the coin expressed as a whole number in Arabic numerals); or

 (ii) if the nominal weight of the coin is 1 kilogram — the inscription ‘THE AUSTRALIAN KOALA 1 KILO 9995 PLATINUM’; and

 (b) the inscription ‘2003’, and

 (c) a representation of a koala on the stump of a tree.

215

Reverse

R276

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 ‘1 KILO 999 SILVER’; and

 (b) a traditional Chinese pattern of bats and clouds; and

 (c) the inscription ‘2002’; and

 (d) a representation of a galloping horse; and

 (e) the Chinese character for ‘horse’; and

 (f) with or without the inscription ‘P’.

216

Reverse

R277

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 9999 GOLD’ (where ‘X’ is the nominal weight, in ounces, of the coin expressed as a whole number in Arabic numerals); or

 (ii) if the nominal weight of the coin is 1 kilogram — the inscription ‘1 KILO 9999 GOLD’; and

 (b) a traditional Chinese pattern of bats and clouds; and

 (c) the inscription ‘2003’, and

 (d) a representation of a goat; and

 (e) the Chinese character for ‘goat’; and

 (f) with or without the inscription ‘P’

217

Reverse

R278

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 ‘1 KILO 999 SILVER’; and

 (b) a traditional Chinese pattern of bats and clouds; and

 (c) the inscription ‘2003’; and

 (d) a representation of a mother and kid goat; and

 (e) the Chinese character for ‘goat’; and

 (f) with or without the inscription ‘P’.

218

Reverse

R279

A circle of raised beads, immediately inside the rim, enclosing:

 (a) a traditional Chinese pattern of bats coloured yellow, and clouds coloured purple; and

 (b) the inscriptions:

 (i) ‘1 KILO 999 SILVER’; and

 (ii) ‘2002’; and

 (iii) the Chinese character for ‘horse’;

that, in turn, surround:

 (c) a representation of a galloping horse with a diamond inset in its eye.

219

Reverse

R280

A circle of raised beads, immediately inside the rim, enclosing:

 (a) a traditional Chinese pattern of bats coloured yellow, and clouds coloured purple; and

 (b) the inscriptions:

 (i) ‘1 KILO 999 SILVER’; and

 (ii) ‘1999’; and

 (iii) the Chinese character for ‘rabbit’;

that, in turn, surround:

 (c) a representation of a rabbit with a diamond inset in its eye.

220

Reverse

R281

A circle of raised beads, immediately inside the rim, enclosing:

 (a) a traditional Chinese pattern of bats coloured yellow, and clouds coloured purple; and

 (b) the inscriptions:

 (i) ‘1 KILO 999 SILVER’; and

 (ii) ‘2001’; and

 (iii) the Chinese character for ‘snake’;

that, in turn, surround:

 (c) a representation of a snake with eggs and a diamond inset in the eye of the snake.

221

Reverse

R282

A circle of raised beads, immediately inside the rim, enclosing:

 (a) a traditional Chinese pattern of bats coloured yellow, and clouds coloured purple; and

 (b) the inscriptions:

 (i) ‘1 KILO 999 SILVER’; and

 (ii) ‘2003’; and

 (iii) the Chinese character for ‘goat’;

that, in turn, surround:

 (c) a representation of a mother and kid goat with a diamond inset in the eye of the kid goat.

222

Reverse

R283

A circle of raised beads, immediately inside the rim, enclosing the inscriptions:

 (a) ‘THE AUSTRALIAN KOOKABURRA 1 OZ. 999 SILVER’; and

 (b) ‘2001’;

that, in turn, surround:

 (c) a representation of 2 kookaburras on a branch; and

 (d) a representation of Santa Claus pad-printed in colour as a privy mark.

223

Reverse

R284

A circle of raised beads, immediately inside the rim, enclosing the inscriptions:

 (a) ‘THE AUSTRALIAN KOOKABURRA 1 OZ. 999 SILVER’; and

 (b) ‘2002’;

that, in turn, surround:

 (c) a representation of a soaring kookaburra superimposed over a map of Australia; and

 (d) a representation of a Christmas candle pad-printed in colour as a privy mark.

224

Reverse

R285

A circle of raised beads, immediately inside the rim, enclosing the inscriptions:

 (a) ‘THE AUSTRALIAN KOOKABURRA 1 OZ. 999 SILVER’; and

 (b) ‘2001’;

that, in turn, surround:

 (c) a representation of 2 kookaburras on a branch; and

 (d) a circular privy mark incorporating a representation of the reverse of a United States Quarter Dollar commemorating the US State of New York.

225

Reverse

R286

A circle of raised beads, immediately inside the rim, enclosing the inscriptions:

 (a) ‘THE AUSTRALIAN KOOKABURRA 1 OZ. 999 SILVER’; and

 (b) ‘2001’;

that, in turn, surround:

 (c) a representation of 2 kookaburras on a branch; and

 (d) a circular privy mark incorporating a representation of the reverse of a United States Quarter Dollar commemorating the US State of North Carolina.

226

Reverse

R287

A circle of raised beads, immediately inside the rim, enclosing the inscriptions:

 (a) ‘THE AUSTRALIAN KOOKABURRA 1 OZ. 999 SILVER’; and

 (b) ‘2001’;

that, in turn, surround:

 (c) a representation of 2 kookaburras on a branch; and

 (d) a circular privy mark incorporating a representation of the reverse of a United States Quarter Dollar commemorating the US State of Rhode Island.

227

Reverse

R288

A circle of raised beads, immediately inside the rim, enclosing the inscriptions:

 (a) ‘THE AUSTRALIAN KOOKABURRA 1 OZ. 999 SILVER’; and

 (b) ‘2001’;

that, in turn, surround:

 (c) a representation of 2 kookaburras on a branch; and

 (d) a circular privy mark incorporating a representation of the reverse of a United States Quarter Dollar commemorating the US State of Vermont.

228

Reverse

R289

A circle of raised beads, immediately inside the rim, enclosing the inscriptions:

 (a) ‘THE AUSTRALIAN KOOKABURRA 1 OZ. 999 SILVER’; and

 (b) ‘2001’;

that, in turn, surround:

 (c) a representation of 2 kookaburras on a branch; and

 (d) a circular privy mark incorporating a representation of the reverse of a United States Quarter Dollar commemorating the US State of Kentucky.

229

Reverse

R290

A circle of raised beads, immediately inside the rim, enclosing the inscriptions:

 (a) ‘THE AUSTRALIAN KOOKABURRA 2 OZ. 999 SILVER’; and

 (b) ‘2001’;

that, in turn, surround:

 (c) a representation of 2 kookaburras on a branch; and

 (d) 5 individual circular privy marks each incorporating a representation of the reverse of a United States Quarter Dollar commemorating the US States of New York, North Carolina, Rhode Island, Vermont and Kentucky.

230

Reverse

R291

A circle of raised beads, immediately inside the rim, enclosing the inscriptions:

 (a) ‘THE AUSTRALIAN KOOKABURRA 1 KILO 999 SILVER’; and

 (b) ‘2001’;

that, in turn, surround:

 (c)  a representation of 2 kookaburras on a branch; and

 (d) 5 individual circular privy marks in gold, each incorporating a representation of the reverse of a United States Quarter Dollar commemorating the US States of New York, North Carolina, Rhode Island, Vermont and Kentucky.

 

Overview

The Currency (Perth Mint) Determination 2001 (No. 2) was enacted to specify the standards for the design and composition of certain commemorative coins minted by the Perth Mint. This legislation was introduced to ensure consistency and quality in the production of these coins, which are often collected for their numismatic value and historical significance. The Currency Act 1965 provides the legal framework under which this Determination was made, with the policy objective being to maintain the integrity and recognition of Australian currency while catering to collector interests. The Determination was made by the Minister for Financial Services and Regulation, Joe Hockey, and it came into effect upon its gazettal on 17 July 2001. This Determination does not affect other Determinations concerning the specifications of coins.

Scope and Application

The Currency (Perth Mint) Determination 2001 (No. 2) applies to the specifications of coins minted by the Perth Mint, particularly those minted under the authority of the Currency Act 1965. This determination sets out the specifications for various denominations of gold, silver, and platinum coins, including their composition, weight, dimensions, and design features. The coins covered by this legislation range from 50 cents to 3,000 dollars, each with specific standards for weight, diameter, thickness, and design. The determination applies to coins produced after its commencement, which is on the date of its gazettal. The determination does not affect any other existing specifications of coins as stated. The scope of this legislation is national, as it pertains to the standards set by the Commonwealth of Australia for its currency.

Key Provisions

The Currency (Perth Mint) Determination 2001 (No. 2) specifies the standard weight, allowable variation from that weight, dimensions, and design for a series of coins. The coins covered by this Determination include various denominations of gold, silver, and platinum coins, with specific details about their composition, weight, and design elements provided in the Schedule. Each coin's specifications are detailed in columns 2 to 6 of Part 1 of Schedule 1, which lists the denomination, standard composition, standard weight, dimensions, and design features. Entities governed by this Determination, such as the Perth Mint, must adhere to the specifications outlined for each coin to ensure consistency and compliance with legal standards. This includes producing coins with the correct weight, dimensions, and design features as specified. The design elements, including obverse and reverse images, inscriptions, and symbols, must also be accurately reproduced as per the detailed explanations provided in Part 2 of Schedule 1. Breaches of this Determination can lead to significant consequences. The Currency Act 1965, under which this Determination is made, includes provisions for both civil and criminal penalties. For instance, section 15 of the Act stipulates that an individual can be fined up to 10,000 penalty units or imprisoned for up to five years, or both, for counterfeiting or forging currency. Additionally, section 16 imposes penalties for possessing or dealing with counterfeit or forged currency, with fines and imprisonment terms similar to those outlined in section 15. These penalties underscore the seriousness with which the law treats violations related to the minting and distribution of currency.

Legal classification tags

Area of Law
Commercial Law
Finance & Banking Law
Instrument
Legislative Instrument
Concepts
Specification of coins
Design of coins
Commencement Provisions

Interactions

Authorises

All Versions

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.