EXPLANATORY STATEMENT
Currency Act 1965
Currency (Perth Mint) Determination 2005 (No. 4) Amendment Determination 2005 (No. 2)
Under subsection 13A(1) of the Currency Act 1965, the Parliamentary Secretary to the Treasurer made a determination earlier in 2005 regarding the specifications of precious coins proposed to be issued by the Perth Mint. The determination is Currency (Perth Mint) Determination 2005 (No. 1).
As required by subsection 13A(1), the determination provides details of the coins’ characteristics including standard composition, standard weight, allowable variation from standard weight, design and dimensions.
The maximum diameter of one coin in that determination has now been varied at the request of the Perth Mint. Specifically, schedule 1, item 5 of Currency (Perth Mint) Determination 2005 (No. 1) has been varied so that the maximum diameter of the coin described in that item is now 25.10mm, rather than 25.00mm.
The variation has been made by Currency (Perth Mint) Determination 2005 (No. 4) Amendment Determination 2005 (No. 2).
Such a determination is a disallowable instrument for the purposes of section 42 of the Legislative Instruments Act 2003 (section 13A(4) of the Currency Act 1965, section 57 of the Legislative Instruments Act 2003).
Public consultation
No public consultation was undertaken in relation to the amending currency determination as it made a minor technical amendment.
The determination commences on the day after it is registered.