Currency (Perth Mint) Determination 2002 (No. 1)

Overview

The Currency (Perth Mint) Determination 2002 (No. 1), enacted under subsection 13A(1) of the Currency Act 1965, was introduced to address the need for specific specifications of certain commemorative coins to be minted by the Perth Mint. This Determination was made by Ian Gordon Campbell, the Parliamentary Secretary to the Treasurer, and it came into effect upon its gazettal on 11 September 2002. The primary objective of this Determination is to outline the specifications for certain coins, including their standard weight, allowable variations, dimensions, and design elements, without affecting any other coin specifications as per other Determinations. The detailed specifications of the coins and their design features are provided in the accompanying schedule, which includes particulars such as the denomination, standard composition, and the designs for both the obverse and reverse of the coins.

Scope and Application

The Currency (Perth Mint) Determination 2002 (No. 1) applies to the coins specified within its provisions, detailing their standard weight, allowable variation, dimensions, and design. This Determination is made under subsection 13A(1) of the Currency Act 1965 and sets out the specifications for certain commemorative coins produced by the Perth Mint, thereby ensuring consistency and compliance with legal standards. The Determination applies nationwide as it is a legislative instrument of the Commonwealth of Australia. It is important to note that this Determination does not alter any other specification of coins established by previous Determinations. The detailed specifications are set out in Schedule 1, which provides comprehensive information on the physical attributes and designs of the coins, ensuring clarity and precision in their production and circulation.

Key Provisions

The Currency (Perth Mint) Determination 2002 (No. 1) outlines specific specifications for certain coins, including their denomination, standard composition, weight, dimensions, and design (sections 3 and 4). The coins in question are the $1 coin and various $2 coins, each with particular attributes such as weight, diameter, thickness, and design elements. The design specifications include details such as shape, edge, and the imagery and inscriptions on both the obverse and reverse sides of the coins. This Determination imposes specific obligations on the Perth Mint, requiring it to produce coins that meet the detailed specifications outlined in the Schedule (section 3). The Perth Mint must ensure that each coin adheres to the specified denomination, standard composition, weight with allowable variations, dimensions, and design features. These requirements ensure consistency and quality control in the production of Australian currency. Failure to comply with the specifications outlined in this Determination can result in significant consequences. Although the Determination does not explicitly state offences or penalties, any breach of the Currency Act 1965, under which this Determination is made, could lead to civil or criminal penalties. The Currency Act includes provisions for penalties, including fines and imprisonment, for those found guilty of offences such as counterfeiting or producing substandard currency. The exact penalties would depend on the nature and severity of the offence under the broader legislative framework.