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) 2006 (4) includes the following coin:
Denomination | Brief Design | Standard Composition |
$1
| 2007 $1 Circulating – APEC coin
Obverse design: An effigy of Queen Elizabeth II by Ian Rank-Broadley, ELIZABETH II and AUSTRALIA 2007
Reverse design: The inscriptions; APEC AUSTRALIA 2007 and ONE DOLLAR surrounding the APEC sun (centrepiece of the APEC AUSTRALIA 2007 logo) enclosed by a circle.
|
Copper, aluminium and nickel
|
APEC 2007 Taskforce consultation
The coin covered in the determination is part of the mint’s annual circulating coinage program. The Mint has undertaken and consultation with the APEC 2007 Taskforce with regard to the use of the phrase ‘APEC AUSTRALIA 2007’ and logo. The Taskforce has approved its use, and the coin design. This coin design is also approved by the Prime Minister.