Explanatory Statement
Currency Act 1965
Currency Determination (Royal Australian Mint) 2006 (No. 2)
Amendment Determination 2006 (No. 1)
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 (Royal Australian Mint) Determination 2006 (No. 2) Amendment Determination 2006 (No. 1) states the following coins to be issued with the year 2006 on the obverse design.
Denomination | Brief Design | Standard Composition |
$5
$5
$5
| 2006 $5 Silver Proof- State Government series (Item 1 to Item 3) Victoria: Obverse design: An effigy of Queen Elizabeth II by Ian Rank-Broadley, ELIZABETH II , AUSTRALIA 2006
Reverse design: A series of Australian maps showing the development of state boundaries over time; and an outline map of Victoria enclosing repetitions of the word “ VICTORIA”; and the inscriptions: “ 150 YEARS OF STATE GOVERNMENT” and “ 5 DOLLARS”.
New South Wales: Obverse design: An effigy of Queen Elizabeth II by Ian Rank-Broadley, ELIZABETH II , AUSTRALIA 2006
Reverse design: A series of Australian maps showing the development of state boundaries over time; and an outline map of New South Wales enclosing repetitions of the word “ NEW SOUTH WALES”; and the inscriptions: “ 150 YEARS OF STATE GOVERNMENT” and “ 5 DOLLARS”.
Tasmania: Obverse design: An effigy of Queen Elizabeth II by Ian Rank-Broadley, ELIZABETH II , AUSTRALIA 2006
Reverse design: A series of Australian maps showing the development of state boundaries over time; and an outline map of Tasmania enclosing repetitions of the word “ TASMANIA”; and the inscriptions: “ 150 YEARS OF STATE GOVERNMENT” and “ 5 DOLLARS”. |
Silver (99.9%)
Silver (99.9%)
Silver (99.9%)
|
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.