EXPLANATORY STATEMENT
Statutory Rules 1984, No. 29
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 8 July 1983 the Treasurer announced the Government’s decision to introduce, in the first half of 1984, a $1 coin for general circulation.
The proposed amendments of the Currency Regulations prescribe the design details, composition and physical characteristics of the $1 coin pursuant to paragraph 14(2)(b) of the Act.
The proposed amendments of the Currency Regulations will have effect, on and after 1 March 1984.