Explanatory Statement
Currency Act 1965
Currency (Royal Australian Mint) Amendment Determination 2015 (No. 1)
Under subsection 13A(1) of the Currency Act 1965, the Parliamentary Secretary to the Treasurer made a determinations regarding the specifications of coins proposed to be issued by the Royal Australian Mint.
Subsection 13A(1) of the Currency Act 1965 requires that the determination provides details of the coins’ characteristics, including standard composition, standard weight, allowable variation from standard weight, design and dimensions.
This amendment determination is a disallowable instrument for the purposes of section 42 of the Legislative Instruments Act 2003.
Item 1 | Amendment of Currency (Royal Australian Mint) Determination 2011 (No. 3) Item 1 omits paragraph (a) of the reverse design in item 26 of Schedule 1 Part 2 Currency (Royal Australian Mint) Determination 2011 (No. 3) and substitutes “(a) a coloured image of a red flower” to correct an inaccuracy in the description of the reverse design.
|
Item 2 | Amendment of Currency (Royal Australian Mint) Determination 2013 (No. 1) Item 2 omits the maximum thickness in item 30 of Schedule 1 Part 1 Currency (Royal Australian Mint) Determination 2013 (No. 1) and substitutes “4.20” to correct an inaccuracy in the thickness of the coin.
|
Item 3
| Amendment of Currency (Royal Australian Mint) Determination 2013 (No. 3) Item 3 repeals section 4, subsection 2 of Currency (Royal Australian Mint) Determination 2013 (No. 3) as the coin was not released.
|
Item 4
| Amendment of Currency (Royal Australian Mint) Determination 2013 (No. 3) Item 4 repeals item 7 of Schedule 1 Part 1 Currency (Royal Australian Mint) Determination 2013 (No. 3) as the coin was not released.
|
Item 5
| Amendment of Currency (Royal Australian Mint) Determination 2013 (No. 3) Item 5 repeals item 3 of Schedule 1 Part 2 Currency (Royal Australian Mint) Determination 2013 (No. 3) as the coin was not released.
|
Item 6
| Amendment of Currency (Royal Australian Mint) Determination 2013 (No. 3) Item 6 repeals item 10 of Schedule 1 Part 2 Currency (Royal Australian Mint) Determination 2013 (No. 3) as the coin was not released.
|
Item 7 | Amendment of Currency (Royal Australian Mint) Determination 2013 (No. 3) Item 7 omits subparagraph d(i) in item 13 of Schedule 1 Part 2 Currency (Royal Australian Mint) Determination 2013 (No. 3) and substitutes “1 DOLLAR” to correct an inaccuracy in the description of the reverse design. |
Item 8 | Amendment of Currency (Royal Australian Mint) Determination 2013 (No. 3) Item 8 omits subparagraph c(i) in item 14 of Schedule 1 Part 2 Currency (Royal Australian Mint) Determination 2013 (No. 3) and substitutes “1 DOLLAR” to correct an inaccuracy in the description of the reverse design. |
Item 9
| Amendment of Currency (Royal Australian Mint) Determination 2013 (No. 3) Item 9 repeals item 17 of Schedule 1 Part 2 Currency (Royal Australian Mint) Determination 2013 (No. 3) as the coin was not released.
|
Item 10 | Amendment of Currency (Royal Australian Mint) Determination 2013 (No. 4) Item 10 omits paragraph (d) of the reverse design in item 9 of Schedule 1 Part 2 Currency (Royal Australian Mint) Determination 2013 (No. 4) and substitutes “(d) a representation of Sydney Harbour Bridge, partially obscured by a coloured representation of an eye” to clarify the description of the reverse design.
|
Item 11 | Amendment of Currency (Royal Australian Mint) Determination 2014 (No. 2) Item 11 inserts additional text after paragraph (c) of the reverse design in item 13 of Schedule 1 Part 2 Currency (Royal Australian Mint) Determination 2014 (No. 2) by inserting “; and (d) in the background, 4 raised diagonal lines” to improve the description of the reverse design.
|
Item 12 | Amendment of Currency (Royal Australian Mint) Determination 2014 (No. 4) Item 12 omits paragraph (d) of the reverse design in item 30 of Schedule 1 Part 2 Currency (Royal Australian Mint) Determination 2014 (No. 4) and substitutes “(d) coloured images of common jack mackerel fish” to to correct an inaccuracy in the description of the reverse design.
|
Item 13 | Amendment of Currency (Royal Australian Mint) Determination 2014 (No. 7) Item 13 omits the standard weight and allowable variation in item 9 of Schedule 1 Part 1 Currency (Royal Australian Mint) Determination 2014 (No. 7) and substitutes “31.11 + 4.00” to correct an inaccuracy in the standard weight and allowable variation of the coin.
|
Item 14 | Amendment of Currency (Royal Australian Mint) Determination 2014 (No. 7) Item 14 omits paragraph (b) of the reverse design in item 13 of Schedule 1 Part 2 Currency (Royal Australian Mint) Determination 2014 (No. 7) and substitutes “(b) a representation of a biplane with red cross insignia, containing a waving passenger and pulling a banner with the words ‘I LOVE A SUNBURNT COUNTRY’ ”to correct an inaccuracy in the description of the reverse design.
|
Item 15 | Amendment of Currency (Royal Australian Mint) Determination 2014 (No. 7) Item 15 omits subparagraph (b)(ii) of the reverse design in item 35 of Schedule 1 Part 2 Currency (Royal Australian Mint) Determination 2014 (No. 7) and substitutes “‘AEGEAN SEA’” to correct an inaccuracy in the description of the reverse design.
|
Item 16 | Amendment of Currency (Royal Australian Mint) Determination 2014 (No. 7) Item 16 omits subparagraph (b)(ii) of the reverse design in item 36 of Schedule 1 Part 2 Currency (Royal Australian Mint) Determination 2014 (No. 7) and substitutes “‘AEGEAN SEA’” to correct an inaccuracy in the description of the reverse design.
|
Item 17 | Amendment of Currency (Royal Australian Mint) Determination 2015 (No. 4) Item 17 omits the sentence immediately after subparagraph (c)(v) of the obverse in item 11 of Schedule 1 Part 2 Currency (Royal Australian Mint) Determination 2015 (No. 4) and substitutes “all enclosed by a circular ornamental border.” to correct an inaccuracy in the description of the obverse design.
|
Item 18 | Amendment of Currency (Royal Australian Mint) Determination 2015 (No. 6) Item 18 omits subparagraph (g)(ii)) of the reverse in item 13 of Schedule 1 Part 2 Currency (Royal Australian Mint) Determination 2015 (No. 6) and substitutes “’COO-EE MARCH – 1915’.” to correct an inaccuracy in the description of the reverse design.
|
Item 19 | Amendment of Currency (Royal Australian Mint) Determination 2015 (No. 8) Item 19 repeals item 8 of Schedule 1 Part 1 Currency (Royal Australian Mint) Determination 2015 (No. 8) as the coin was not released.
|
Item 20 | Amendment of Currency (Royal Australian Mint) Determination 2015 (No. 8) Item 20 repeals item 13 of Schedule 1 Part 1 Currency (Royal Australian Mint) Determination 2015 (No. 8) as the coin was not released.
|
Item 21 | Amendment of Currency (Royal Australian Mint) Determination 2015 (No. 8) Item 21 repeals item 15 of Schedule 1 Part 2 Currency (Royal Australian Mint) Determination 2015 (No. 8) as the coin was not released.
|
Item 22 | Amendment of Currency (Royal Australian Mint) Determination 2015 (No. 8) Item 22 repeals item 18 of Schedule 1 Part 2 Currency (Royal Australian Mint) Determination 2015 (No. 8) as the coin was not released.
|
Commencement
This determination commences on the day after it is registered.
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.
Consultation
No public consultation was undertaken in relation to the currency determination. The effect of this instrument is to determine the weight, design and dimension of coins to enable the Royal Australian Mint to continue its production of circulating and numismatic coins. The Mint receives public submissions on coin designs and determines appropriate designs in accordance with its Coin Design Policy. The Mint used market based tools to identify interested parties and gauge interest in coin themes.
Statement of Compatibility with Human Rights
This 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. The purpose of the Currency (Royal Australian Mint) Amendment Determination 2015 (No. 1) is to determine the weight, design and dimension of circulating and numismatic coins. This instrument does not engage any of the applicable rights or freedoms. This instrument is compatible with human rights as it does not raise any human rights issues. This determination has been made by the Assistant Minister to theTreasurer, Alex Hawke, in accordance with subsection 13A(1) of the Currency Act 1965.