Currency (Royal Australian Mint) Determination 2002 (No. 3)
I, IAN GORDON CAMPBELL, Parliamentary Secretary to the Treasurer, make this Determination under subsection 13A (1) of the Currency Act 1965.
Dated 2 May 2002
IAN CAMPBELL
Parliamentary Secretary to the Treasurer
Contents
1 Name of Determination
2 Commencement
3 Specification of coins
4 Application of Determination
Schedule 1 Specifications of coins
Part 1 Specifications
Part 2 Explanation of symbols
1 Name of Determination
This Determination is the Currency (Royal Australian Mint) Determination 2002 (No. 3).
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 the item 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 the item.
4 Application of Determination
This Determination does not affect any other Determination of the specifications of a coin.
Schedule 1 Specifications of coins
(section 3)
Part 1 Specifications
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 | $5 | At least 99.99% silver | 31.635 ± 0.50 | 40.60 | 4.00 | S1 | E1 | O30 | R302 |
|
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 | Obverse | O30 | An effigy of Queen Elizabeth II, and the monogram ‘IRB’, surrounded by the inscriptions: (a) ‘ELIZABETH II’; and (b) ‘AUSTRALIA 2002’; and (c) ‘5 DOLLARS’. |
204 | Reverse | R302 | A representation of Queen Elizabeth, the Queen Mother sitting on a chair and holding a pair of binoculars, surrounded by: (a) a ring of roses and wattle blossoms; and (b) the inscription ‘THE QUEEN MOTHER 1900 – 2002’. |
Overview
The Currency (Royal Australian Mint) Determination 2002 (No. 3) was enacted to specify the characteristics of certain coins under the Currency Act 1965. This Determination was made by Ian Gordon Campbell, the Parliamentary Secretary to the Treasurer, and it came into effect upon its gazettal on 2 May 2002. The primary objective of this Determination is to ensure uniformity in the physical properties and design of coins minted by the Royal Australian Mint, thereby maintaining the integrity and recognisability of the nation's currency. The Determination outlines the specifications for coins, including their weight, dimensions, and design features, without affecting other coin specifications previously determined.
Scope and Application
The Currency (Royal Australian Mint) Determination 2002 (No. 3) specifies the detailed characteristics of certain coins, namely their weight, dimensions, and design, which are essential for the production of currency by the Royal Australian Mint. This legislation applies directly to the Royal Australian Mint, ensuring that the coins minted meet the specified standards. The determination is made under the authority of the Currency Act 1965 and comes into effect upon gazettal. It explicitly states that this determination does not alter any previous specifications for other coins, thereby maintaining the integrity and consistency of Australia's currency standards. The specifications outlined in Schedule 1 provide precise details, including the weight, dimensions, and design elements such as the obverse and reverse features, which are crucial for the minting process and the circulation of legal tender.
Key Provisions
The Currency (Royal Australian Mint) Determination 2002 (No. 3) outlines specific details regarding the specifications of certain coins minted by the Royal Australian Mint. Section 1 of the Determination names it as the Currency (Royal Australian Mint) Determination 2002 (No. 3), and Section 2 states that it commences upon gazettal. Section 3 specifies the characteristics of a coin, detailing the denomination, standard composition, weight, allowable variation, dimensions, and design. Section 4 clarifies that this Determination does not override any other existing Determinations about coin specifications.
The obligations under this Determination require the Royal Australian Mint to adhere strictly to the specifications outlined in Schedule 1. These include ensuring that coins of a particular denomination and composition meet the specified weight, dimension, and design criteria. The mint must also ensure that the coins possess the exact shape, edge, obverse, and reverse designs as defined. The mint's adherence to these specifications is critical to maintaining the integrity and uniformity of the nation's currency.
Breaches of this Determination may lead to legal consequences. Although the Determination does not explicitly list offences or penalties, any failure to comply with the specified coin characteristics could result in legal action under the Currency Act 1965. Non-compliance might be viewed as producing counterfeit currency or substandard legal tender, which are serious offences. The penalties for such offences can include fines and imprisonment, as stipulated under the Currency Act 1965, which governs the production and circulation of currency in Australia.