EXPLANATORY STATEMENT
STATUTORY RULES 1985, NO. 241
Issued by the Authority of the Treasurer.
CURRENCY REGULATIONS (AMENDMENT)
Paragraph 14 (2)(b) of the Currency Act 1965 (the Act) provides that a coin to be made and issued by the Treasurer shall be of the standard weight, design and dimensions as prescribed (by regulation) in relation to that coin.
On 18 June 1985, the Minister Assisting the Treasurer announced the issue in 1985 of the first of a planned series of $10 commemorative sterling silver coins incorporating the Coat of Arms of each of the States, the Northern Territory and the Commonwealth.
The consent of the Victorian Premier has been obtained for the use of the Victorian Coat of Arms as the reverse side design on the 1985 $10 silver coin, which will be issued to coincide with the Victorian sesquicentenary.
The proposed amendment to regulation 4 of the Currency Regulations prescribes the design details for the 1985 $10 silver coin pursuant to paragraph 14(2)(b) of the Act.