Currency (Royal Australian Mint) Determination 2003 (No. 7)
I, ROSS CAMERON, Parliamentary Secretary to the Treasurer, make this Determination under subsection 13A (1) and paragraph 14 (2) (b) of the Currency Act 1965.
Dated 15 October 2003
ROSS CAMERON
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. 7).
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 Schedule 1 to this Determination do not affect any other determination of the specifications 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) max. | (2)
Thickness
(mm)
max. | (1)
Shape | (2)
Edge | (3)
Obverse | (4)
Reverse |
101 | $1 | Copper, aluminium and nickel | 9.00 0.280 | 25.12 | 2.80 | S1 | E3 | O32 | R330 |
|
Part 2 Explanation of symbols
Column 1 | Column 2 | Column 3 | Column 4 |
Item | Design Feature | Symbol | Explanation |
201 | Shape | S1 | Circular |
202 | Edge | E3 | 14 segments, of which 7 are milled and 7 are plain |
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 | R330 | A representation of a Women’s Suffrage Banner, painted by Dora Meeson, and the inscriptions: (a) ‘CENTENARY OF WOMEN’S SUFFRAGE’; and (b) ‘1 DOLLAR’. |
Overview
The Currency (Royal Australian Mint) Determination 2003 (No. 7), made by Ross Cameron, the Parliamentary Secretary to the Treasurer, is a legislative instrument introduced to address the need for updating the specifications of Australian currency coins. Enacted under the Currency Act 1965, this Determination sets forth the specifications for certain coins, ensuring that they meet the standards for weight, dimensions, and design. This instrument aims to maintain the integrity and recognisability of Australian currency, aligning with the policy objectives of the Currency Act to regulate and standardise the nation's currency. The Determination provides detailed specifications in its schedule, ensuring the coins remain consistent with legal and aesthetic standards while commemorating significant events such as the centenary of women's suffrage.
Scope and Application
The Currency (Royal Australian Mint) Determination 2003 (No. 7) applies to coins of a specified denomination and standard composition as detailed in the Schedule to the Determination. This includes setting the standard weight and allowable variation, dimensions, and design of these coins. The Determination does not affect other specifications of coins, ensuring that its scope is limited to the particular coins mentioned. Geographically, the Determination applies under the authority of the Currency Act 1965, which is a Commonwealth Act, thereby extending its application across Australia. It is important to note that the Determination does not introduce any exclusions, exemptions, or thresholds, but rather provides specific details about the physical specifications of the coins. The application of this Determination is further governed by subordinate instruments, which may extend or restrict its application, although no such instruments are specified in the text provided.
Key Provisions
The Currency (Royal Australian Mint) Determination 2003 (No. 7) establishes specific details about the design and physical specifications of certain coins issued by the Royal Australian Mint. This Determination, under the authority of the Currency Act 1965, specifies the denomination, standard composition, weight, dimensions, and design of the coins listed in Schedule 1, Part 1. For instance, a one-dollar coin is specified to be made of copper, aluminium, and nickel, with a weight of 9.00 grams plus or minus 0.28 grams, a diameter of 25.1 mm, and a thickness of 2.8 mm (section 3).
Under this Determination, the Royal Australian Mint and any other parties involved in the production and distribution of these coins are obligated to adhere to the specifications outlined in Schedule 1. This includes producing coins that meet the exact weight, dimensions, and design requirements to ensure uniformity and quality in the currency. The design specifications further include the shape, edge, and both obverse and reverse images of the coin, ensuring that each coin produced has a consistent and recognisable appearance (section 4).
The Determination does not affect other determinations of coin specifications, thereby allowing for flexibility in producing different types of coins with unique characteristics (section 4). The obligations extend to ensuring that the coins' physical attributes and designs do not deviate from the specified standards, thereby maintaining the integrity and recognisability of the currency.
Failure to comply with the specifications outlined in this Determination could potentially lead to legal consequences. While specific penalties are not detailed within the text provided, breaches of the Currency Act 1965 or associated legislative instruments can result in both civil and criminal penalties. Civil penalties may include fines, while criminal penalties could encompass imprisonment, reflecting the seriousness of ensuring the accuracy and reliability of the nation's currency. The exact penalties would depend on the severity of the breach and any additional provisions within the overarching Currency Act 1965.