Explanatory Statement
Currency Act 1965
Currency Determination (Royal Australian Mint) 2005 (4)
Under subsections 13 (2) and 13A (1) of the Currency Act 1965, the Parliamentary Secretary to the Treasurer has made a determination regarding the specification of coins proposed to be issued by the Royal Australian Mint
Subsections 13(2) and 13A (1) of the Currency Act 1965 require that the determination provide details of coin characteristics including standard composition, standard weight, allowable variation from standard weight, design and dimensions.
Subsections 13(6) and 13A (4) of the Currency Act 1965 provide that a determination made by the Treasurer is a disallowable instrument for the purposes of Section 42 of the Legislative Instruments Act 2003.
The determination commences on the day after it is registered.
The Currency Determination (Royal Australian Mint) 2005 (4) include the following coins:
Denomination | Brief Design | Standard Composition |
$1
$1
$1 | 2006 $1 Silver Proof – 50 Years of Australian Television
Obverse design: An effigy of Queen Elizabeth II by Ian Rank-Broadley, ELIZABETH II and AUSTRALIA 2006
Reverse design: A representation of television tower and an historic television camera, surrounded by the text: FIFTY YEARS OF AUSTRALIAN TELEVISION, 1 DOLLAR.
As above with letter “ A” added to the reverse design
As above with any of the following mint mark added to the reverse design: “A”, “B”, “C”, “M”, “S”, “H”, “P”, and “TV” | Silver (99.9%)
Silver (99.9%)
Copper, Aluminium and Nickel |
$5
$10
$5
| 2006 $5 Silver Proof- Duyfken Voyage of Discovery Obverse design: An effigy of Queen Elizabeth II by Ian Rank-Broadley, ELIZABETH II , AUSTRALIA 2006 and 5 DOLLARS.
Reverse design: A representation of Duyfken ship and a compass; surrounded by the text: “VOYAGE OF DISCOVERY” and “DUYFKEN”, “1606” and “2006”, a tulip (representing a Dutch Privy Mark) and the outline of a ship ( representing a Dutch Mint Mark)
Obverse & Reverse design: As above
Obverse :As above Reverse: Without Dutch Privy or Mint Mark; and “ GZ” added | Silver (99.9%)
Gold (99.99%)
Copper, Aluminium, Zinc and Tin |
Denomination | Brief Design | Standard Composition |
$1
| 2006 $1 M Mintmark coin- M2006 Commonwealth Games Obverse design: An effigy of Queen Elizabeth II by Ian Rank-Broadley, ELIZABETH II and AUSTRALIA 2006
Reverse design: A representation of the logo of the Melbourne 2006 Commonwealth Games; a group of abstract lines and patterns symbolising the water, land and the hills surrounding Melbourne, and the text- XVIII COMMONWEALTH GAMES, 1 DOLLAR and “M”
| Copper, Aluminium and Nickel
|
50 cents
50cents
| 2006 50 cent Silver Proof- partially plated two coin set
Royal 80th Birthday Obverse design: An effigy of Queen Elizabeth II by Ian Rank-Broadley, ELIZABETH II and AUSTRALIA 2006
Reverse design: In the centre- a gold plated circle featuring Commonwealth Crown; a line pattern showing the number 80 and the inscription “ E II R”
In an outer ring- alternating flags of Australia and United Kingdom; and the inscription “50”
Royal Visit Obverse design: An effigy of Queen Elizabeth II by Ian Rank-Broadley, ELIZABETH II and AUSTRALIA 2006
Reverse design: In the centre- a circle featuring a globe, maps of Australia and a Star representing Queen’s link with Australia.
In a gold plated outer ring- Her Majesty’s crown; and the inscription “50” | Silver (99.9%) Partially plated with 24ct gold
Silver (99.9%) Partially plated with 24ct gold |
50 cents
50cents
| 2006 50 cent Uncirculated coin-Royal 80th Birthday
Obverse design: An effigy of Queen Elizabeth II by Ian Rank-Broadley, ELIZABETH II and AUSTRALIA 2006
Reverse design: In the centre- a circle featuring Commonwealth Crown; a line pattern showing the number 80 and the inscription “ E II R”
In an outer ring- alternating flags of Australia and United Kingdom; and the inscription “50”
2006 50 cent Uncirculated coin - Royal Visit Obverse design: An effigy of Queen Elizabeth II by Ian Rank-Broadley, ELIZABETH II and AUSTRALIA 2006
Reverse design: In the centre- a circle featuring a globe, maps of Australia and a Star representing Queen’s link with Australia.
In an outer ring- Her Majesty’s crown; and the inscription “50” | Copper and nickel
Copper and nickel |
Denomination | Brief Design | Standard Composition |
1 cent 2 cent 5 cent 10 cent 20 cent 50 cent $1 $2
| 2006 Fine Silver 8 Coin Proof Set- 40 Years of Decimal Currency (Refer Schedule 1 of the determination for variation to the standard composition)
Common Obverse design: An effigy of the (1966) Queen Elizabeth II by Arnold Machin, ELIZABETH II and AUSTRALIA 2006
Reverse design: Standard circulating coin designs with an exception of 50 cent as represented below:
| Silver (99.9%) |
1 cent 2 cent 5 cent 10 cent 20 cent 50 cent $1 $2
| 2006 Gold Proof Set- 40 Years of Decimal Currency (Refer Schedule 1 of the determination for variation to the standard composition)
Common Obverse design : An effigy of Queen Elizabeth II by Ian Rank-Broadley, ELIZABETH II and AUSTRALIA 2006
Reverse design: Standard circulating coin designs with an exception of 50 cent as represented below:
| Gold (99.99%) |
Public consultation
The coins covered in the determination are part of the mint’s annual collector coin program and stakeholder consultation was undertaken to ensure appropriate themes and designs were chosen for this program. However, no public consultation was undertaken in respect of the actual specifications of these coins as they do not have a direct, or a substantially indirect, effect on business, nor do they restrict competition.