Currency (Perth Mint) Determination 2003 (No. 1)
I, IAN GORDON CAMPBELL, Parliamentary Secretary to the Treasurer, make this Determination under paragraph 13 (2) (b) and subsection 13A (1) of the Currency Act 1965.
Dated 8 April 2003
IAN CAMPBELL
Parliamentary Secretary to the Treasurer
Contents
1 Name of Determination
2 Commencement
3 Specification of coins
4 Application of Determination
Schedule 1
Part 1 Specification of coins
Part 2 Explanation of symbols
1 Name of Determination
This Determination is the Currency (Perth Mint) Determination 2003 (No. 1).
2 Commencement
This Determination commences on gazettal.
3 Specification of coins
This Determination specifies, for a coin:
(a) the denomination and standard composition, in columns 2 and 3 of Part 1 of Schedule 1; and
(b) the standard weight, the allowable variation from that weight, the dimensions and the design 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 specification 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, where appropriate, nominal weight in ounces and kilograms) | Standard composition | Standard weight and allowable variation (g) | Dimensions | Design |
(1)
Diameter
(mm) | (2)
Thick-ness
(mm) | (1)
Shape | (2)
Edge | (3)
Obverse | (4)
Reverse |
102 | $1
(1 oz) | Not less than 99.9% silver | 31.635 0.500 | 40.60 | 4.00 | S1 | E1 | O1 | R338 |
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 | Continuous milled |
203 | 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, of the denomination of the coin, followed by the word ‘DOLLAR’ or ‘DOLLARS’, as the case requires; that, in turn, surround an effigy of Queen Elizabeth II, and the monogram ‘IRB’. |
204 | Reverse | R338 | A circle, immediately inside the rim, enclosing: (a) a head and shoulders image of HRH Prince William of Wales and background pad printed in colour; and (b) the inscriptions: (i) ‘H.R.H Prince William of Wales’; and (ii) ‘twenty-first BIRTHDAY 21.06.2003’; and (iii) ‘1oz. 999 SILVER; and (iv) ‘P’ and ‘LC’; and (c) a representation of the full Coat of Arms of HRH the Prince of Wales. |
Overview
The Currency (Perth Mint) Determination 2003 (No. 1) was enacted to specify the details of a commemorative coin produced by the Perth Mint. The determination was made under the authority of the Currency Act 1965 and signed by Ian Gordon Campbell, the Parliamentary Secretary to the Treasurer, on 8 April 2003. The legislation aims to establish the specifications for a coin, including its denomination, composition, weight, dimensions, and design, without affecting any other coin specifications outlined in other determinations. This determination ensures that the commemorative coin adheres to the required standards set forth by the Currency Act, thereby maintaining the integrity and value of Australian currency.
Scope and Application
The Currency (Perth Mint) Determination 2003 (No. 1) applies to coins minted by the Perth Mint, specifying their denomination, composition, weight, dimensions, and design. The Determination outlines the standard composition, weight, dimensions, and design of coins, including the allowable variations and specific design elements such as the obverse and reverse imagery. It operates under the Currency Act 1965, specifically under sections 13(2)(b) and 13A(1), and commenced on the date of its gazettal. This Determination is intended to govern the specifications of particular coins, without affecting other coin specifications established by different Determinations. The scope of the Determination is limited to the specifications outlined within its schedule, and it does not extend to other areas of currency minting or coin design unless explicitly mentioned in subordinate instruments.
Key Provisions
The Currency (Perth Mint) Determination 2003 (No. 1) establishes the specifications for certain coins produced by the Perth Mint, specifically detailing the denomination, composition, weight, dimensions, and design of the coins (section 3). The coins specified in this Determination are the $1 coin, which is not less than 99.9% silver, weighs 31.635 grams with an allowable variation of 0.500 grams, and has dimensions of 40.60 mm in diameter and 4.00 mm in thickness (Schedule 1, Part 1, Item 1).
The obligations imposed by this Determination include adherence to the specified standards for coin production, ensuring that the coins meet the defined criteria for denomination, composition, weight, dimensions, and design. The Determination also mandates that the coins' design features, including the shape, edge, obverse, and reverse, align with the detailed specifications provided in Schedule 1, Part 2. The Perth Mint must ensure that each coin produced meets these specifications to comply with the requirements set out in the Determination.
Failure to comply with the specifications outlined in this Determination could result in legal consequences. However, the Determination itself does not explicitly state any offences, penalties, or consequences for non-compliance. It is likely that any breaches of the specifications would be addressed under the broader legal framework of the Currency Act 1965 and associated regulations, which could include potential administrative, civil, or criminal penalties depending on the severity and intent of the non-compliance. The exact penalties would be determined by the relevant authorities in accordance with the applicable laws.