Currency (Royal Australian Mint)Determination 2000 (No. 5)
I, JOE HOCKEY, Minister for Financial Services and Regulation, make this Determination under subsection 13A (1) of the Currency Act 1965.
Dated 9 June 2000
JOE HOCKEY
Minister for Financial Services and Regulation
Contents
Page
1 Name of Determination
2 Commencement
3 Specification of coins
4 Application of Determination
Schedule 1
Part 1 Specifications of coins
Part 2 Explanation of symbols
Do not delete : Part Placeholder
Do not delete : Division Placeholder
1 Name of Determination
This Determination is Currency (Royal Australian Mint)
Determination 2000 (No. 5).
2 Commencement
This Determination commences on gazettal.
3 Specification of coins
This Determination specifies, for a coin having the denomination and standard composition specified in columns 2 and 3 of Part 1 of Schedule 1, the standard weight, the allowable variation from that weight, the dimensions and the design specified in columns 4, 5 and 6 of that Part.
4 Application of Determination
The specifications in this Determination do not affect any other Determination of the specifications of a coin.
Schedule 1
(section 3)
Part 1 Specifications of coins
Column 1 | Column 2 | Column 3 | Column 4 | Column 5 | Column 6 |
Item | Denomination | Standard
composition | Standard weight and allowable variation (g) | Dimensions | Design |
| | | | (1)
Diameter
(mm) | (2)
Thickness
(mm) | (1)
Shape | (2)
Edge | (3)
Obverse | (4)
Reverse |
101 | $100 | Not less than 99.99% gold | 10.021 0.020 | 25.10 | 2.40 | S1 | E1 | O15 | R235 |
102 | $5 | Not less than 99.9% silver | 31.635 0.50 | 40.60 | 4.00 | S1 | E4 | O14 | R236 |
103 | $5 | Copper, aluminium, zinc and tin | 20.00 0.50 | 38.90 | 2.65 | S1 | E1 | O14 | R237 |
Part 2 Explanation of symbols
Column 1 | Column 2 | Column 3 | Column 4 |
Item | Design Feature | Symbol | Explanation |
201 | Shape | S1 | Circular |
202 | Edge | E1 | Continuously milled |
203 | Edge | E4 | Plain |
204 | Obverse | O14 | An effigy of Queen Elizabeth II, and the monogram ‘IRB’, surrounded by the inscriptions: (a) ‘ELIZABETH II’; and (b) ‘AUSTRALIA 2000’. |
205 | Obverse | O15 | An effigy of Queen Elizabeth II, and the monogram ‘IRB’, surrounded by: (a) the inscriptions: (i) ‘ELIZABETH II’; and (ii) ‘AUSTRALIA 2000’; and (b) an inscription stating, in arabic numerals, the amount, in dollars, of the denomination of the coin, followed by the word ‘DOLLARS’. |
206 | Reverse | R235 | A design, immediately inside the rim, comprising: (a) a representation of part of an athletic track; and (b) a representation of the Paralympics Games logo, printed in colour; and (c) the inscription ‘PARALYMPIC GAMES SYDNEY 2000’ and, under it, the trademark symbol ‘TM’ and the copyright symbol ‘©’; superimposed on an artist’s representation of the world. |
207 | Reverse | R236 | A design, immediately inside the rim, comprising: (a) an artist’s representation of an athlete in a wheel chair with right hand on top of a ball and left hand holding a wheel of the chair, superimposed on straight and circular lines; and (b) a representation of the Paralympics Games logo, printed in colour; and (c) the inscription ‘PARALYMPIC GAMES SYDNEY 2000’ and, under it, the trademark symbol ‘TM’ and the copyright symbol ‘©’; and (d) the inscription ‘5 DOLLARS’. |
208 | Reverse | R237 | A design, immediately inside the rim, comprising (a) an artist’s representation of an athlete in a wheel chair racing on an athletic track; and (b) a representation of the Paralympics Games logo, printed in colour; and (c) the inscription ‘PARALYMPIC GAMES SYDNEY 2000’ and, under it, the trademark symbol ‘TM’ and the copyright symbol ‘©’; and (d) the inscription ‘5 DOLLARS’. |
Overview
The Currency (Royal Australian Mint) Determination 2000 (No. 5) was enacted to address the need for a detailed specification of certain commemorative coins to be issued by the Royal Australian Mint. This legislative instrument was made by Joe Hockey, the Minister for Financial Services and Regulation, under the authority of subsection 13A(1) of the Currency Act 1965. The objective of this Determination is to ensure that specific coins, including those commemorating the Paralympic Games in Sydney 2000, meet the required standards in terms of weight, dimensions, and design. These specifications are outlined in Schedule 1 of the Determination, which includes detailed information on the coins' composition, allowable weight variations, and the design elements featured on both the obverse and reverse sides. The Determination ensures that these coins adhere to the standards set by the relevant authorities, maintaining the integrity and recognisability of Australian currency.
Scope and Application
The Currency (Royal Australian Mint) Determination 2000 (No. 5) applies to the production and specifications of certain commemorative coins, with a particular focus on those issued in celebration of the Paralympic Games held in Sydney in 2000. This legislation applies to the entities involved in the minting and distribution of these coins, including the Royal Australian Mint. The coins specified in this determination are those with a denomination of $10, $5, and 50 cents, all of which have a standard composition, weight, dimension, and design as detailed in the Schedule to the Determination. The geographic reach of this legislation is limited to the Commonwealth of Australia. This Determination does not affect any other specifications of coins, thereby maintaining the integrity and distinct characteristics of other coins within the Australian currency system. The specifications and details provided in this Determination are crucial for ensuring the coins meet the required standards for legal tender and commemorative purposes.
Key Provisions
The Currency (Royal Australian Mint) Determination 2000 (No. 5) specifies the design and composition of certain commemorative coins. Section 3 of the Determination sets out the standards for coins with specific denominations and standard compositions. These standards include the weight, dimensions, and design elements of the coins. For example, a $10 coin is to be made of at least 99.99% gold, with a weight of 10.02 grams, a diameter of 25.10 mm, and a thickness of 2.40 mm. Similarly, the $5 coin is to be made of at least 99.9% silver, with a weight of 31.635 grams, a diameter of 40.60 mm, and a thickness of 4.00 mm. The coin’s design includes the obverse and reverse sides, each with specific elements such as an effigy of Queen Elizabeth II, inscriptions, and thematic representations relevant to the occasion commemorated.
The Determination imposes specific obligations on the Royal Australian Mint and any other entities involved in the production of these coins. The Mint must ensure that the coins adhere to the specifications outlined in the Determination, including the weight, dimensions, composition, and design elements. This includes the use of specific materials for the coins, such as gold, silver, copper, aluminium, zinc, and tin. The Mint must also ensure that the coins are produced in accordance with the design specifications, which include the shape, edge, obverse, and reverse designs. Any deviation from these specifications could result in non-compliance with the Determination.
The Determination does not explicitly outline offences, penalties, or civil/criminal consequences for breaches of its provisions. However, non-compliance with the specifications set out in the Determination could potentially lead to legal consequences under the Currency Act 1965 or other relevant legislation. The Currency Act provides for offences related to the unauthorised production of coins and the counterfeiting of currency, which could apply if the Mint or other entities produce coins that do not meet the standards specified in the Determination. Penalties for such offences can include substantial fines and imprisonment, depending on the severity of the breach and the intent behind it.