Explanatory Statement
Currency Act 1965
Currency (Royal Australian Mint) Determination 2006 (No. 2) Amendment Determination 2007 (No.1)
Under subsection 13A (1) of the Currency Act 1965 the Parliamentary Secretary to the Treasurer made a determination on 15 June 2006 regarding the specifications for the Australian Artist Series 2007 Kangaroo one dollar CuNi coin to be issued by the Royal Australian Mint. The determination was in item 6 of the Currency (Royal Australian Mint) Determination 2006 (No.2).
Due to a typographical error in the coin’s specifications, the Royal Australian Mint seeks to revise the details for the standard weight and allowable variation for the Australian Artist Series 2007 Kangaroo one dollar CuNi coin.
Currency (Royal Australian Mint) Determination 2006 (No. 2) Amendment Determination 2007 (No.1) substitutes the correct specifications for the standard weight and allowable variation for item 6 set out in Currency (Royal Australian Mint) Determination 2006 (No.2). All other characteristics of the coin remain unchanged.
This amendment determination is a legislative instrument for section 42 of the Legislative Instruments Act 2003 and commences on the day after it is registered.
Obverse
Consistent with all Australian legal tender coinage, an effigy of Her Majesty Queen Elizabeth II appears on the obverse side of the coin.
Public Consultation
The coin covered in this Amendment Determination is 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 changes to the specification of this coin as it does not have a direct, or a substantially indirect, effect on business, nor does it restrict competition.