EXPLANATORY STATEMENT
Issued by authority of the Assistant Minister for Treasury and Finance
Currency Act 1965
Currency (Perth Mint) Determination (No. 5) 2018
Subsection 13(2) and section 13A of the Currency Act 1965 (the Act) provide that the Treasurer may, by legislative instrument, determine details of Australian coin characteristics including denomination, standard composition, standard weight, allowable variation from standard weight, design and dimensions.
The purpose of this legislative instrument is to determine the characteristics of 37 new numismatic coins proposed to be issued by The Perth Mint.
The Treasurer may authorise the making and issuing of coins specified, or taken to be specified, in the Schedule to the Currency Act 1965. A payment of money is a legal tender if it is made in coins that are made and issued under the Currency Act 1965. Through the issue of a currency determination, the Treasurer can add, remove and alter the coin characteristics specified, or taken to be specified, in the Schedule to the Currency Act 1965.
In accordance with section 19 of the Acts Interpretations Act 1901, any Minister in the Treasury portfolio may, by legislative instrument, determine details of Australian coin characteristics.
Details of the legislative instrument are set out in the Attachment.
The legislative instrument commenced on day after it was registered on the Federal Register of Legislation.
The legislative instrument is subject to disallowance under section 42 of the Legislation Act 2003.
Consultation
The Perth Mint undertook consultation among its network of Australian and international wholesale distributors. Authorised Australian distributors of The Perth Mint products are consulted regularly during business meetings and participation at the Australian Numismatic Dealers’ Association Coin, Banknote and Stamp shows. Likewise, international distributors were consulted during a schedule of individual meetings hosted during the World Money Fair held in Berlin and the American Numismatic Association’s World’s Fair of Money.
Limited consultation was conducted with external parties due to the confidentiality of coin themes and artwork, due to the risk of competitors viewing the innovations and potentially releasing similar coins into the market prior to the release.
Members of the public have the opportunity to contact The Perth Mint to present any themes they would like to see commemorated on Australian legal tender. These concepts are then researched and presented to The Perth Mint’s sales and marketing department for consideration and feedback.
Statement of Compatibility with Human Rights
Prepared in accordance with Part 3 of the Human Rights (Parliamentary Scrutiny) Act 2011
Currency (Perth Mint) Determination (No. 5) 2018
This Legislative Instrument is compatible with the human rights and freedoms recognised or declared in the international instruments listed in section 3 of the Human Rights (Parliamentary Scrutiny) Act 2011.
Overview of the Legislative Instrument
The purpose of this legislative instrument is to determine the characteristics of 37 new numismatic coins proposed to be issued by The Perth Mint.
Human rights implications
This Legislative Instrument does not engage any of the applicable rights or freedoms.
Conclusion
This Legislative Instrument is compatible with human rights as it does not raise any human rights issues.
ATTACHMENT
Details of the Currency (Perth Mint) Determination (No. 5) 2018
This Attachment sets out further details of the Currency (Perth Mint) Determination (No. 5) 2018 (the Determination).
Section 1 – Name
This section specifies the name of the Determination is the Currency (Perth Mint) Determination (No. 5) 2018.
Section 2 – Commencement
This section prescribes that the Determination commences the day after the Determination is registered.
Section 3 – Authority
This section provides that the Determination is made under the Currency Act 1965.
Section 4 – Definitions
This section provides definitions for the purposes of the Determination.
Sections 5 and 6 – Coin characteristics
These sections provide that the coin characteristics set out in Schedule 1 are taken to be specified in the Schedule to the Currency Act 1965. The Treasurer may authorise the making and issuing coins specified, or taken to be specified by currency determinations, in the Schedule to the Currency Act 1965. A payment of money is a legal tender if it is made in coins that are made and issued under the Currency Act 1965.
Schedule 1 – Standard composition, standard weight, design and dimensions of coins of specified denominations
Schedule 1 sets out the details of new coin characteristics. The newly determined coins characteristics are set out below.
2019 Australian Kangaroo – Gold Collector Coins
The design on the 2019 Australian Kangaroo (1oz, 1/2oz, 1/4oz, 1/10oz, 1/20oz) gold proof coins, consists of a circular border and in the foreground, partially obscuring the border is a representation of a kangaroo atop a grassy mound with stylised trees and sun in the background. The coins include the following inscriptions “AUSTRALIAN KANGAROO”, “2019 Xoz 9999 GOLD” (where “X” is the nominal weight in ounces of the coin, expressed as a whole number or a common fraction in Arabic numerals) and the initials of the designer Aleysha Howarth “AH”.
2019 Australian Kangaroo – Mini – Gold Collector Coin
The design on the 2019 Australian Kangaroo – Mini (0.5g) gold bullion coin, consists of a representation of a kangaroo. The coin includes the following inscription “0.5 GRAM 9999 GOLD”.
2019 Australian Kangaroo - Antiqued - Silver Collector Coin
The design on the Australian Kangaroo – Antiqued (2kg) silver bullion coin, with an antique finish, consists of a circular border with a representation of a bounding kangaroo against a landscape of its natural habitat that depict trees, grass trees, grasses, kangaroo paws, ground, scrub and a lizard on a log. The coin includes the following inscriptions “AUSTRALIAN KANGAROO”, “2019 2KILO 9999 SILVER” and the initials of the designer Wade Robinson ‘WR’.
2019 Australian Kookaburra – Coloured – Silver Bullion Coin
The design on the 2019 Australian Kookaburra (1oz) silver coloured bullion coin, consists of a circular border and in the foreground, partially obscuring the border is a representation of a coloured kookaburra perched on a branch partially submerged in a body of water and coloured grass and a tree in the background. The coin includes the following inscriptions “AUSTRALIAN KOOKABURRA”, “2019 1oz 9999 SILVER” and the initials of the designer Aleysha Howarth “AH”.
2019 Australian Kookaburra – Lunar Pig Privy – Silver Bullion Coin
The design on the 2019 Australian Kookaburra – Lunar Pig Privy (1oz) silver bullion coin, consists of a circular border and in the foreground, partially obscuring the border is a representation of a kookaburra perched on a branch partially submerged in a body of water and stylised sunset, grass and a tree in the background, and a circle enclosing a representation of a pig. The coin includes the following inscriptions “AUSTRALIAN KOOKABURRA”, “2019 1oz 9999 SILVER” and the initials of the designer Aleysha Howarth “AH”.
2019 Australian Kookaburra – F15 Privy – Silver Bullion Coin
The design on the 2019 Australian Kookaburra – F15 Privy (1oz) silver bullion coin, consists of a circular border and in the foreground, partially obscuring the border is a representation of a kookaburra perched on a branch partially submerged in a body of water and stylised sunset, grass and a tree in the background, and a circle enclosing the inscription “f15”. The coin includes the following inscriptions “AUSTRALIAN KOOKABURRA”, “2019 1oz 9999 SILVER” and the initials of the designer Aleysha Howarth “AH”.
2018 Australian Koala Mother and Baby – Piedfort – Silver Bullion Coin
The design on the 2018 Australian Koala Mother and Baby – Piedfort (10oz) silver bullion coin, consists of a representation of a koala with its joey on its back, perched on a branch with leaves superimposed over radial lines. The coin includes the initials of the designer Aleysha Howarth “AH”.
2019 Australian Wedge-Tailed Eagle – High Relief – Gold Collector Coins
The design on the 2019 Australian Wedge-Tailed Eagle – High Relief (2oz, 1oz) gold proof coins, consist of a circular border and in the foreground, partially obscuring the border is a representation of a flying eagle superimposed over converging lines. The coins include the following inscriptions “AUSTRALIAN WEDGE-TAILED EAGLE”, “2019 Xoz 9999 GOLD” (where “X” is the nominal weight in ounces of the coin, expressed as a whole number in Arabic numerals) and the initials of the designer John Mercanti “JM”.
2019 Australian Wedge-Tailed Eagle – High Relief – Silver Collector Coins
The design on the 2019 Australian Wedge-Tailed Eagle – High Relief (5oz, 1oz) silver proof coins, consist of a circular border and in the foreground, partially obscuring the border is a representation of a flying eagle superimposed over converging lines. The coins include the following inscriptions “AUSTRALIAN WEDGE-TAILED EAGLE”, “2019 Xoz 9999 SILVER” (where “X” is the nominal weight in ounces of the coin, expressed as a whole number in Arabic numerals) and the initials of the designer John Mercanti “JM”.
2019 Australian Wedge-Tailed Eagle – Silver Bullion Coin
The design on the 2019 Australian Wedge-Tailed Eagle (1oz) silver bullion coin, consists of a circular border and in the foreground, partially obscuring the border is a representation of a flying eagle superimposed over converging lines. The coin includes the following inscriptions “AUSTRALIAN WEDGE-TAILED EAGLE”, “2019 1oz 9999 SILVER” and the initials of the designer John Mercanti “JM”.
2019 Australian Bird of Paradise – Gold Collector Coin
The design on the 2019 Australian Bird of Paradise (1oz) gold proof coin, consists of a circular border and partially obscuring the border is a representation of a bird of paradise perched on a branch and displaying its plumage. The coin includes the following inscriptions “AUSTRALIAN BIRD OF PARADISE”, “1oz 9999 GOLD” and the initials of the designer Jennifer McKenna “JM”.
2019 Australian Bird of Paradise – Silver Collector Coin
The design on the 2019 Australian Bird of Paradise (1oz) silver proof coin, consists of a circular border and partially obscuring the border is a representation of a bird of paradise perched on a branch and displaying its plumage. The coin includes the following inscriptions “AUSTRALIAN BIRD OF PARADISE”, “1oz 9999 SILVER” and the initials of the designer Jennifer McKenna “JM”.
2019 Dragon – Rectangle – Gold Bullion Coin
The design on the 2019 Dragon – Rectangle (1oz) gold bullion coin, consists of stylised representations of a dragon and a fireball with stylised clouds in the background. The coin includes the initials of the designer Jennifer McKenna “JM”.
2019 Dragon – Rectangle – Silver Bullion Coin
The design on the 2019 Dragon – Rectangle (1oz) silver bullion coin, consists of stylised representations of a dragon and a fireball with stylised clouds in the background. The coin includes the initials of the designer Jennifer McKenna “JM”.
2019 Dragon and Tiger – Gold Bullion Coin
The design on the 2019 Dragon and Tiger (1oz) gold bullion coin, consists of stylised representations of a dragon, a tiger and a fireball and in the background stylised representation of clouds. The coin includes the initials of the designer Tom Vaughan “TV”.
2019 Dragon and Phoenix – Silver Bullion Coin
The design on the 2019 Dragon and Phoenix (10oz) silver bullion coin, consists of stylised representations of a dragon, a phoenix and a fireball and in the background stylised representation of clouds. The coin includes the initials of the designer Tom Vaughan “TV”.
2019 Australian Wedding – Silver Collector Coin
The design on the 2019 Australian Wedding (1oz) silver proof coin, consists of a male wearing a suit and tie, holding a female wearing a veil and a long flowing layered dress and a coloured representation of two rings entwined. The coin includes the following inscriptions “Congratulations”, “1oz 9999 SILVER” and the initials of the designer Jennifer McKenna “JM”.
2019 Australian Happy Birthday – Silver Collector Coin
The design on the 2019 Australian Happy Birthday (1oz) silver bullion coin, consists of stylised streamers and musical notes superimposed over coloured representations of gifts with bows, an iced cupcake with a cherry on top, party hat and blowers. The coin includes the following inscriptions “Happy Birthday”, “2019 1oz 9999 SILVER” and the initials of the designer Jennifer McKenna “JM”.
2019 Australian Graduation – Silver Collector Coin
The design on the 2019 Graduation (1oz) silver bullion coin, consists of a coloured stylised representation of an owl mid-flight wearing a mortar board with a scroll and ribbon in its talons and several mortar boards in the background. The coin includes the following inscription “CONGRATULATIONS!” and the initials of the designer Natasha Muhl “NM”.
2019 Australian Newborn – Silver Collector Coin
The design on the 2019 Australian Newborn (1/2oz) silver proof coin, consists of a circular border and partially obscuring the border is a coloured representation of a human baby resting its head on a pillow and lying in a cloth sling with a bow at each end and a representation of a stork partially obscuring the moon in the background. The coin includes the following inscription “CONGRATULATIONS” and the initials of the designer Lucas Bowers “LB”.
2019 Year of the Pig – Opal – Silver Collector Coin
The design on the 2019 Opal Year of the Pig (1oz) silver proof coin, consists of a symmetrical border with stylised leaves, flowers and grapes enclosing an inset design of a pig detailed in opal. The coin includes the following inscriptions “YEAR OF THE PIG”, the Chinese pictograph pronounced “zhū” under the Pinyin system and meaning pig, “2019 1oz 9999 SILVER” and the initials of the designer Aleysha Howarth “AH”.
2019 150th Anniversary of the Welcome Stranger Gold Nugget – Copper and Zinc Collector Coin
The design on the 2019 150th Anniversary of the Welcome Stranger Gold Nugget (13.5g) base metal coin, consists of a border formed of dots surrounding a representation of the gold nugget Welcome Stranger. The coin includes the following inscriptions “THE WELCOME STRANGER NUGGET”, “1869 - 2019” and the designer “Stuart Devlin”.
2019 50th Anniversary of the Moon Landing – Gold Collector Coin
The design on the 2019 50th Anniversary of the Moon Landing (1oz) gold proof coin, consists of a representation of the surface of the moon with a footprint and a Lunar Module. The coin includes the following inscription “MOON LANDING 1969-2019” and the initials of the designer Lucas Bowers “LB”.
2019 50th Anniversary of the Moon Landing – Gold Bullion Coin
The design on the 2019 50th Anniversary of the Moon Landing (1oz) gold bullion coin, consists of a representation of the surface of the moon with a footprint and a Lunar Module. The coin includes the following inscription “MOON LANDING 1969-2019” and the initials of the designer Lucas Bowers “LB”.
2019 50th Anniversary of the Moon Landing – Silver Collector Coin
The design on the 2019 50th Anniversary of the Moon Landing (1oz) silver proof coin, consists of a representation of the surface of the moon with a footprint and a Lunar Module. The coin includes the following inscription “MOON LANDING 1969-2019” and the initials of the designer Lucas Bowers “LB”.
2019 50th Anniversary of the Moon Landing – Silver Bullion Coin
The design on the 2019 50th Anniversary of the Moon Landing (1oz) silver bullion coin, consists of a representation of the surface of the moon with a footprint and a Lunar Module. The coin includes the following inscription “MOON LANDING 1969-2019” and the initials of the designer Lucas Bowers “LB”.
2019 50th Anniversary of the Moon Landing – High Relief – Silver Collector Coin
The design on the 2019 50th Anniversary of the Moon Landing – High Relief (5oz) silver proof coin, consists of a representation of the surface of the moon with a footprint and a Lunar Module. The coin includes the following inscription “MOON LANDING 1969-2019” and the initials of the designer Lucas Bowers “LB”.
2019 Koi ‘8’ – Antiqued – Silver Collector Coin
The design on the Koi ‘8’ – Antiqued (2oz) silver bullion coin, with an antique finish, consists of stylised representations of 2 koi’s and lily pads. The coin includes the initials of the designer Ing Ing Jong “IJ”.
2019 Dragon – Platinum Bullion Coin
The design on the 2019 Dragon (1oz) platinum bullion coin consists of a circular border and partially obscuring the border is stylised representations of a dragon and a fireball. The coin includes the following inscription “2019 1oz 9995 PLATINUM” and the initials of the designer Jennifer McKenna “JM”.
2018 End of World War I – Gold Bullion Coin
The design on the 2018 End of World War I (1/10oz) gold bullion coin consists of a circular border and partially obscuring the border is a representation of a flying dove with a poppy in its beak. The coin includes the following inscription “1918”, “END of WORLD WAR I” and the initials of the designer Aleysha Howarth “AH”.
2018 End of World War I – Piedfort - Silver Bullion Coin
The design on the 2018 End of World War I – Piedfort (2oz) silver bullion coin consists of a circular border, partially obscuring the border and superimposed over a stylised background of the word “PEACE” is a representation of a flying dove with a poppy in its beak. The coin includes the following inscription “1918”, “END of WORLD WAR I” and the initials of the designer Aleysha Howarth “AH”.