Explanatory Statement
Currency Act 1965
Currency Determination (Royal Australian Mint) 2005 (3)
Sub-sections 13(6) and 13A(4) of the Currency Act 1965 provided that a determination made by the Treasurer is a disallowable instrument for the purposes of Section 46A of the Acts Interpretation Act 1901 and so is subject to the same Parliamentary scrutiny that applies at present to the regulations making new coins.
Sub-sections 13(2)(a) and 13A (1) of the Currency Act 1965 also provide for the determination of coin characteristics ie standard composition, standard weight, allowable variation from standard weight, design and dimensions.
The Currency Determination (Royal Australian Mint) 2005 (3) provides for several coins as listed below:
- 2006 $50 Tri-colour Proof coin ( Item 1 of the determination)
- 2006 $5 Silver Proof coin ( Item 2)
- 2006 $5 Uncirculated coin ( Item 3)
- 2005 $10 Silver Proof coin ( Item 4)
- 2006 $30 One Kilo Silver coin ( Item 5)
- 2006 $5 Masterpieces in Silver Set- consisting of four coins ( Item 6 to Item 9)
- 2006 $1 Silver Kangaroo coin ( Item 10)
- 2006 $1 Silver Kangaroo gold plated coin ( Item 11)
The specifications are summarised below:
Denomination | Brief Design | Standard Composition |
$50
|
Item 1: $50 Tri-colour Proof Coin- commemorating the Melbourne 2006 Commonwealth Games
Obverse design: An effigy of Queen Elizabeth II- a collage of floral patterns, and the inscriptions- ELIZABETH II, AUSTRALIA 2006 and 50 DOLLARS.
Reverse design:
|
Copper, Silver (99.9%) and 24ct Gold plated silver centre
|
Denomination | Brief Design | Standard Composition |
$5
|
Item 2: 2006 $5 Silver Proof coin- commemorating the Melbourne 2006 Commonwealth Games
Obverse design: An effigy of Queen Elizabeth II- ELIZABETH II, AUSTRALIA 2006 and 5 DOLLARS.
Reverse design: A representation of Melbourne City landscape and its reflection on the Yarra River, the M2006 logo, and the inscription “XVIII COMMONWEALTH GAMES’ above the Melbourne City landscape
|
Silver (99.9%) |
$5
| Item 3: 2006 $5 Uncirculated coin – commemorating the Melbourne 2006 Commonwealth Games
Obverse design: An effigy of Queen Elizabeth II- ELIZABETH II, AUSTRALIA 2006 and 5 DOLLARS.
Reverse design: A crown and the M2006 logo at the centre, surrounded by the text: XVIII COMMONWEALTH GAMES’, and COMMONWEALTH NATIONS”. A ring of images of the athletes representing 71 Commonwealth nations. |
Copper, Zinc, Aluminium and Tin |
$10
| Item 4: 2005 $10 Silver Proof coin, commemorating the 150th anniversary of the Sydney Mint
Obverse design: A gold plated circle containing the effigy of Queen Elizabeth II, AUSTRALIA 2005; a gold plated plaque of the Sydney Mint., with a crown, SYDNEY MINT, AUSTRALIA, and 1855 In the centre of the design, an inscription about the opening of the Sydney Mint.
Reverse design: A representation of the Sydney Mint building at the centre plated in gold, surrounded by the inscriptions: 1855-2005, SYDNEY MINT and 10 DOLLARS. | Silver (99.9%) with partially plated with 24 ct gold |
Denomination | Brief Design | Standard Composition |
$30
| Item 5: 2006 $30 One Kilo Silver coin, commemorating the Melbourne 2006 Commonwealth Games
Obverse design: An effigy of Queen Elizabeth II, ELIZABETH II, AUSTRALIA 2006 and 30 DOLLARS.
Reverse design: Featuring the logo of the Melbourne 2006 Commonwealth Games; a representation of the Southern Cross; and around the rim of the design, pictograms of 16 Commonwealth Games Sports, with each image depicted in a halo ring. |
Silver (99.9%) |
$5
|
Item 6 to 9: 2006 Masterpieces in Silver Coin Set- Australian Art of the 20th Century. The set consisting of four silver proof coins, each featuring the works of one of the following artists: Artists names:
Obverse design: An effigy of Queen Elizabeth II surrounded by the inscriptions: “ELIZABETH II” and “AUSTRALIA 2006” Reverse design for the four coins feature one of the following:
|
Silver (99.9%) |
Denomination | Brief Design | Standard Composition |
$1
|
Item 10: 2006 $1 Silver Kangaroo coin, part of the annual Kangaroo coin series.
Obverse design: An effigy of Queen Elizabeth II surrounded by the inscriptions: “ELIZABETH II” and “AUSTRALIA 2006
Reverse design: A Kangaroo with Joey in flight, surrounded by the inscriptions: “ONE OUNCE FINE SILVER” and “ ONE DOLLAR” |
Silver (99.9%) |
$1
|
Item 11: 2006 $1 Silver Kangaroo- gold plated coin, part of the annual Kangaroo coin series
Obverse design: An effigy of Queen Elizabeth II surrounded by the inscriptions: “ELIZABETH II” and “AUSTRALIA 2006
Reverse design: A gold plated Kangaroo with Joey in flight, surrounded by the inscriptions: “ONE OUNCE FINE SILVER” and “ ONE DOLLAR”
|
Silver (99.9%) with partial 24ct gold plating |