Currency (Perth Mint) Determination 2006 (No. 1)

Administered by Department of the Treasury

Legislation au F2006L01070 In force Legislative Instrument

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EXPLANATORY STATEMENT

Currency Act 1965

Currency (Perth Mint) Determination 2006 (No. 1)

 

Under subsection 13A(1) of the Currency Act 1965, the Parliamentary Secretary to the Treasurer has made a determination regarding the specifications of coins proposed to be issued by the Perth Mint.

Subsection 13A(1) of the Currency Act 1965 requires that the determination provide details of coin characteristics including standard composition, standard weight, allowable variation from standard weight, design and dimensions.

A determination made by the Treasurer is a disallowable instrument for the purposes of section 42 of the Legislative Instruments Act 2003 (Subsections 13(6) and 13A(4) of the Currency Act 1965, section 57 of the Legislative Instruments Act 2003).

This Determination covers 48 coins to be released from May to November 2006. 

Some of the coins will be dated with a year other than that of the year of minting. Gold Corporation has been directed to advise consumers of the variation between the year indicated on the coin and the year in which it was minted.

•                 Gold Pig

A design for the 2007 Lunar Proof Gold Pig (1oz, 1/2oz, 1/4oz 1/10oz and 1/20oz) coin features a representation of a pig standing on soil amongst five mushrooms.

•                 Gold Pig

A design for the 2007 Lunar Bullion Gold Pig (1 kilo, 10oz, 2oz, 1oz, 1/2oz, 1/4oz 1/10oz and 1/20oz) coin features a representation of a piglet standing on wet rocks amongst grass.

•                 Gold Pig with Bats and Clouds

A design for the 2007 Lunar Bullion Gold Pig (10 kilo) coin features a representation of a piglet standing on wet rocks amongst grass.  The border design incorporates a traditional Chinese pattern of bats and clouds. 

•                 Coloured Gold Pig

A design for the 2007 Lunar Bullion Gold Pig (1oz, 1/2oz, 1/4oz 1/10oz and 1/20oz) coin consists of a coloured representation of a piglet standing on wet rocks amongst grass.

•                 Silver Pig

A design for the 2007 Lunar Proof Silver Pig (1 kilo, 10oz, 2oz, 1oz and 1/2oz) coin features a representation of a pig standing on a flowerbed.

•                 Silver Pig

A design for the 2007 Lunar Bullion Silver Pig (1 kilo, 1/2 kilo, 10oz, 5oz, 2oz, 1oz and 1/2oz) coin incorporates a representation of a piglet standing on leaves.

•                 Silver Pig with Bats and Clouds

A design for the 2007 Lunar Bullion Silver Pig (10 kilo) coin features a representation of a piglet standing on leaves.  The border design incorporates a traditional Chinese pattern of bats and clouds.

•                 Coloured Silver Pig with Bats and Clouds

A design for the 2007 Lunar Bullion Silver Pig (1 kilo, 1/2 kilo, 10oz, 5oz, 2oz, 1oz and 1/2oz) coin features a representation of a coloured piglet standing on coloured leaves.  The border design incorporates a traditional Chinese pattern of bats and clouds. 

•                 Silver Pig with Diamond Eye

A design for the 2007 Lunar Bullion Silver Pig (1 kilo) coin features a representation of a piglet with a diamond inset in an eye, standing on leaves. The border design incorporates a traditional Chinese pattern of bats and clouds highlighted in colour. 

•                 Gilded Silver Pig with Bats and Clouds

A design for the 2007 Lunar Bullion Silver Pig (1oz) coin consists of a gilded representation of a piglet standing on leaves.  The border design incorporates a traditional Chinese pattern of bats and clouds.

•                 Aluminium Bronze Pig

A design for the 2007 Lunar Pig series (aluminium bronze) coin features a representation of a pig standing on cobblestones against a background of a pagoda and a tree on top of a hill.

•                 Bullion Gold Nugget With ‘M7’ Privy Mark

A new design for the 2006 Bullion Australian Nugget series that incorporates a circular ‘M7’ privy mark on the 1/4oz gold coin.  The coin will become part of the ‘Magnificent 7’ collection, which includes six other popular gold coins produced by other international mints.

•                 50th Anniversary Of Australian Television

The design commemorates the 50th anniversary of Australian television.  The design of the silver (1oz) coin features a representation of an early television set screen.  Six images, each depicting an image of a favourite television show over the past 50 years, are presented as lenticular images on the screen.  The images are Graham Kennedy in Straw Boater in ‘Graham Kennedy’, ‘Countdown’ Logo, Daryl and Ossie in ‘Hey Hey It’s Saturday’, ‘Playschool’ logo, Sonny cuddling Skippy in ‘Skippy The Bush Kangaroo’ and ‘The Movie Show’ logo.

•                 Australian Antarctic Territory:  Davis Station

The design of this 2007 Australian Antarctic Territory (1oz) coin commemorates 50 years since the naming ceremony to officially open the new Davis Station held on 13 January 1957.  The coin depicts a coloured representation of Davis Station on the horizon against a colour washed sky and a partially coloured representation of the ice-breaker Kista Dan cutting through ice.  All superimposed on the outline map of Antarctica.

•                 Silver Koala holding on to a Branch

The design on this Bullion Silver Koala (1oz) coin features a representation of a koala holding on to a branch.


•                 Pre-Decimal Square Locket

The design of the silver (1oz) coin features a square transparent capsule holding six miniature replicas of the Australian pre-decimal coins.  The replicas include the 1923 one penny; the 1911 sixpence, one half penny, one shilling and threepence; and the 1916 one florin — two shillings, all with the effigy of King George V on the obverse of the coin.  The design incorporates an outer border with pattern of triangles enclosing the inscription and a representation of the Coat of Arms, and an inner border with stylised patterns.

•                 Australia-Japan Year Of Exchange

The design of this coin commemorates the Australia-Japan Year of Exchange.  The bullion silver (1oz) coin features a circular pattern of small kangaroos surrounding a large hopping kangaroo and the Australia-Japan Year of Exchange logo in colour.

Obverse

Consistent with all Australian legal tender coinage, an effigy of Her Majesty Queen Elizabeth II will appear on the obverse sides of the coins.

Public consultation

No public consultation was undertaken in relation to the currency determination as it has limited public interest and the design of the coins is based on the commercial decisions by the Perth Mint.

The determination commences on the day after it is registered. 

 

 

Overview

The Currency (Perth Mint) Determination 2006 (No. 1) was enacted under the Currency Act 1965 to address the need for the specification of coins proposed to be issued by the Perth Mint. The determination was made by the Parliamentary Secretary to the Treasurer and provides details on the characteristics of 48 coins to be released from May to November 2006. These coins include various designs and compositions, such as gold and silver pigs, gold and silver bullion coins, and commemorative coins for events like the 50th anniversary of Australian television and the Australia-Japan Year of Exchange. The determination also includes instructions for Gold Corporation to inform consumers about the discrepancy between the year indicated on the coin and the actual year of minting. This determination is a disallowable instrument under the Legislative Instruments Act 2003. No public consultation was undertaken as the designs of the coins were based on commercial decisions by the Perth Mint and had limited public interest.

Scope and Application

The Currency (Perth Mint) Determination 2006 (No. 1) pertains to the specifications of coins proposed to be issued by the Perth Mint under subsection 13A(1) of the Currency Act 1965. The determination is applicable to the entities responsible for minting and issuing these coins, specifically the Perth Mint, and covers 48 coins scheduled for release from May to November 2006. The determination includes details of coin characteristics such as standard composition, standard weight, allowable variation from standard weight, design, and dimensions. Notably, some of the coins will bear a year on the coin that differs from the year of minting, and the Gold Corporation has been directed to inform consumers of this variation. The determination is a disallowable instrument under the Legislative Instruments Act 2003, meaning it can be reviewed and potentially disallowed by Parliament. This Determination does not extend its application through subordinate instruments and applies nationally within Australia, adhering to the specifications set out under the Currency Act 1965.

Key Provisions

The Currency (Perth Mint) Determination 2006 (No. 1) made under subsection 13A(1) of the Currency Act 1965, specifies the characteristics of 48 coins proposed to be issued by the Perth Mint between May and November 2006. The determination details the standard composition, weight, allowable variation from standard weight, design, and dimensions of each coin (subsection 13A(1)). The coins include various designs, such as representations of pigs, Nugget coins, and commemorative coins for events such as the 50th anniversary of Australian television and the Australia-Japan Year of Exchange. Each coin's obverse side features an effigy of Her Majesty Queen Elizabeth II, consistent with all Australian legal tender coinage. Notably, some coins will be dated with a year other than that of minting, and Gold Corporation has been directed to inform consumers of the discrepancy between the coin's indicated year and the actual year of minting. The obligations imposed by the Currency (Perth Mint) Determination 2006 (No. 1) primarily revolve around the specification and production of the coins in accordance with the detailed characteristics outlined in the determination. The Perth Mint must ensure that each coin adheres to the prescribed standards for composition, weight, design, and dimensions. Additionally, the Gold Corporation is mandated to clearly communicate to consumers any variance between the year indicated on the coins and the actual year of minting. These obligations are critical to maintaining the integrity and consistency of Australian legal tender and to ensuring consumer transparency. Under the Currency Act 1965, breaches of the Currency (Perth Mint) Determination 2006 (No. 1) may lead to various civil or criminal consequences. Offences under the Currency Act can result in fines and penalties. For example, under section 13D of the Currency Act, penalties for counterfeiting or currency fraud can include fines up to a substantial amount and imprisonment for a significant duration. While the specific penalties are not detailed in the determination, they are subject to the broader provisions of the Currency Act, which provide for severe penalties to deter non-compliance. The determination itself being a disallowable instrument means that it can be reviewed and potentially disallowed by Parliament under the Legislative Instruments Act 2003.

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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.