Currency (Royal Australian Mint) Determination 2000 (No. 8)
I, JOE HOCKEY, Minister for Financial Services and Regulation, make this Determination under subsection 13A (1) of the Currency Act 1965.
Dated 26 September 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
1 Name of Determination
This Determination is the Currency (Royal Australian Mint) Determination 2000 (No. 8).
2 Commencement
This Determination commences on gazettal.
3 Specification of coins
(1) 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.
(2) A reference in Part 1 of Schedule 1 to the diameter of a coin is, for a coin that is not circular, a reference to the distance between 2 parallel faces of the edge of the coin.
4 Application of Determination
This Determination does 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) max. | (2)
Thickness
(mm)
max. | (1)
Shape | (2)
Edge | (3)
Obverse | (4)
Reverse |
101 | $1 | Not less than 99.9% silver | 20.30 0.50 | 34.10 | 2.90 | S1 | E1 | O15 | R256 |
102 | $10 | Not less than 99.9% silver | 312.347 1.00 | 75.50 | 8.70 | S1 | E9 | O15 | R257 |
|
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 | E9 | Plain edge with two inscriptions, being ‘GAMES OF THE XI PARALYMPIAD’ and ‘10 oz 999 SILVER’ evenly spread and separated by two images of the Sydney Paralympic Organising Committee logo, to read with the reverse of the coin facing up. |
204 | Obverse | O15 | An effigy of Queen Elizabeth II, and the monogram ‘IRB’, surrounded by: (a) the inscriptions ‘ELIZABETH II’ and ‘AUSTRALIA 2000’; and (b) an inscription stating in Arabic numerals the amount in dollars of the denomination of the coin, followed by the word ‘DOLLAR’ or ‘DOLLARS’. |
205 | Reverse | R256 | A representation of the design used on the obverse of the Victory Medals for the Sydney 2000 Paralympic Games, comprising: (a) the official logo of the Sydney Paralympic Organising Committee and the official logo of the International Paralympic Committee, against a background of intertwined ribbons and medal shapes; and (b) the inscription ‘PARALYMPIC SUMMER GAMES SYDNEY 2000’. |
206 | Reverse | R257 | A representation of the design used on the reverse of the Victory Medals for the Sydney 2000 Paralympic Games, comprising an image of the Sydney Harbour Bridge and the Sydney Opera House, surrounded by images of sporting venues used in the Paralympic Games. |
Overview
The Currency (Royal Australian Mint) Determination 2000 (No. 8) was made under subsection 13A(1) of the Currency Act 1965 by Joe Hockey, the Minister for Financial Services and Regulation. The legislation addresses the need for a detailed specification of coins issued by the Royal Australian Mint, ensuring consistency and compliance with legal standards. This Determination provides the specific weights, dimensions, and designs for certain coins, ensuring they meet the required standards for circulation and legal tender. This instrument aims to uphold the integrity and quality of Australian currency by establishing precise specifications for the coins produced.
Scope and Application
The Currency (Royal Australian Mint) Determination 2000 (No. 8) applies specifically to coins minted by the Royal Australian Mint, detailing the specifications for the weight, dimensions, and design of coins with particular denominations and compositions. This includes the allowable variation from standard weight, diameter, thickness, shape, edge, obverse, and reverse design features, as outlined in Schedule 1 of the Determination. The legislation does not affect any other determination of coin specifications and extends its reach to ensure uniformity and adherence to prescribed standards for the production of legal tender. The Determination applies from the date of its gazettal, thereby immediately establishing the legal parameters for minting the specified coins.
Key Provisions
The Currency (Royal Australian Mint) Determination 2000 (No. 8) provides detailed specifications for certain coins issued by the Royal Australian Mint. Under section 3, the Determination specifies the standard weight, allowable variations, dimensions, and designs for coins of particular denominations and standard compositions as detailed in Part 1 of Schedule 1. For example, a $1 coin must be not less than 99.9% silver, weigh 20.30 grams with a permissible variation of 0.50 grams, and have a diameter of 34.10 mm and a thickness of 2.90 mm. The coins must also adhere to the design specifications outlined in columns 5 and 6 of Schedule 1, including the shape, edge, and both obverse and reverse designs.
This Determination imposes specific obligations on the Royal Australian Mint regarding the production of the coins. The Mint must ensure that each coin meets the specified standards for weight, dimensions, and design. These obligations are intended to maintain the integrity and uniformity of the nation's currency, ensuring that coins are consistent in quality and appearance. Furthermore, the Determination ensures that coins do not conflict with any other specifications outlined in previous Determinations, as stated in section 4.
Breaches of the specifications set out in this Determination can lead to legal consequences. Although the Determination itself does not explicitly outline penalties, the underlying Currency Act 1965 and associated regulations may impose penalties for non-compliance. These could include fines or other sanctions for producing coins that do not meet the specified standards. Given the importance of maintaining the integrity of the nation's currency, severe penalties could be imposed for significant or deliberate non-compliance.