EXPLANATORY STATEMENT
Currency Act 1965
Currency (Perth Mint) Determination 2008 (No. 2) Amendment Determination 2008 (No. 1)
Under subsection 13A(1) of the Currency Act 1965, the Minister for Superannuation and Corporate Law made a determination earlier in 2008 regarding the specifications of numismatic coins proposed to be issued by the Perth Mint. The determination is the Currency (Perth Mint) Determination 2008 (No. 2).
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.
Due to an administrative oversight during the preparation of Currency (Perth Mint) Determination 2008 (No. 2) the year of issue for two coins was not included in the text of the determination, as required. This oversight has been corrected by Currency (Perth Mint) Determination 2008 (No. 2) Amendment Determination 2008 (No. 1).
Such a determination is a disallowable instrument for the purposes of section 42 of the Legislative Instruments Act 2003.
Retrospective affect
Treasury has received advice from the Office of Legislative Drafting and Publishing that the proposed amendments do not contravene subsection 12 (2) of the Legislative Instruments Act 2003 by having either of the following effects:
(a) affecting the rights of a person (other than the Commonwealth or an authority of the Commonwealth) as at the date of registration so as to disadvantage that person; or
(b) imposing liabilities on a person (other than the Commonwealth or an authority of the Commonwealth) in respect of anything done or omitted to be done before the date of registration.
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 1 November 2008.