Currency (Royal Australian Mint) Determination 2003 (No. 3)
I, IAN GORDON CAMPBELL, Parliamentary Secretary to the Treasurer, make this Determination under subsection 13A (1) of the Currency Act 1965.
Dated 29 April 2003
IAN CAMPBELL
Parliamentary Secretary to the Treasurer
Contents
1 Name of Determination
2 Commencement
3 Specification of coins
4 Application of Determination
Schedule 1
Part 1 Specifications of coin
Part 2 Explanation of symbols
1 Name of Determination
This Determination is the Currency (Royal Australian Mint) Determination 2003 (No. 3).
2 Commencement
This Determination commences on gazettal.
3 Specification of coins
This Determination specifies, for a coin having the determination 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 Schedule 1 to this Determination do not affect any other Determination of the specification of a coin.
Schedule 1
(section 3)
Part 1 Specifications of coin
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 | Not less than 99.9% silver with a selected area plated with 99.99% gold | 31.635 0.5 silver 0.02 0.005 gold Total mass
31.655 0.5005 | 40.10 | 3.50 | S1 | E1 | O32 | R320 |
|
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 | O32 | An effigy of Queen Elizabeth II, and the monogram ‘IRB’, surrounded by the inscriptions: (a) ‘ELIZABETH II’; and (b) ‘AUSTRALIA 2003’. |
204 | Reverse | R320 | A design made up of: (a) a representation of the Webb Ellis trophy within a gold plated oval in the centre of the coin; and (b) two logos, on either side of the central image, each consisting of: (i) a stylised image of a rugby ball; and (ii) the inscription ‘iRB’ above the ball; and (iii) the inscription ‘RUGBY WORLD CUP 2003’ below the ball; surrounded by the inscriptions: (c) ‘THE WORLD IN UNION’; and (d) ‘FIVE DOLLARS’. |
Overview
The Currency (Royal Australian Mint) Determination 2003 (No. 3) was enacted to provide specific specifications for the design and composition of certain coins issued by the Royal Australian Mint. This legislative instrument was made by Ian Gordon Campbell, the Parliamentary Secretary to the Treasurer, under the authority granted by subsection 13A(1) of the Currency Act 1965. The determination aims to ensure that the coins meet the required standards of weight, dimension, and design. This legislation was introduced to address the need for precise specifications in the minting process to maintain the integrity and recognisability of Australian currency. The Currency (Royal Australian Mint) Determination 2003 (No. 3) provides detailed specifications for the design and composition of coins, ensuring that they meet the standards set forth by the Currency Act 1965. The determination specifies the standard weight, allowable variation, dimensions, and design for the coins, ensuring consistency and quality in the production of Australian currency.
Scope and Application
The Currency (Royal Australian Mint) Determination 2003 (No. 3) applies to the specifications of certain coins minted by the Royal Australian Mint, detailing their standard composition, weight, dimensions, and design. This Determination is made under the authority of the Currency Act 1965, and it specifies the details for coins having the determination and standard composition outlined in the Schedule 1 of the Determination. The specifications do not affect any other Determination of the specification of a coin. This Determination applies to the coins listed in Part 1 of Schedule 1, which includes details such as the standard weight and allowable variation, dimensions, and design specifications for each coin. The scope of this Determination is national, as it pertains to the minting of currency within Australia and is applicable to any entity involved in the production of these coins, including the Royal Australian Mint itself. The Determination extends its application through the detailed specifications provided in Schedule 1, which serves as a subordinate instrument to the primary legislation.
Key Provisions
The Currency (Royal Australian Mint) Determination 2003 (No. 3) specifies the details for certain coins, including their composition, weight, dimensions, and design. Under section 3, the Determination lays out the standard weight, allowable variations, dimensions, and design specifications for the coins listed in Schedule 1. This Determination complements other specifications for coins by explicitly stating that it does not affect any other Determination of coin specifications (section 4).
The obligations imposed by the Determination primarily concern the Royal Australian Mint, which must manufacture coins in accordance with the detailed specifications provided. This includes ensuring the coins have the correct weight, dimensions, and design as outlined in Schedule 1. For example, a $5 coin must be made from at least 99.9% silver with a selected area plated with 99.99% gold, have a diameter of 40.10 mm, a thickness of 3.50 mm, and must feature a specific design on both the obverse and reverse sides.
Breaches of the Determination could potentially lead to legal consequences, though the Determination itself does not explicitly state offences or penalties. However, by virtue of being made under the Currency Act 1965, any contravention of the Determination could be subject to the penalties outlined in that Act. This may include fines or other sanctions for producing coins that do not meet the specified standards, potentially affecting the integrity and uniformity of the nation's currency.