Overview

The Currency (Royal Australian Mint) Determination 2007 (No.6) Amendment Determination 2007 (No.1) amends the specifications of the Centenary of Rugby League $5 silver proof coin issued by the Royal Australian Mint. Enacted in 2007, this legislation serves to update the reverse design of the coin to include the designer's mark, ensuring the coin meets the intended commemorative purpose. The amendment was made under the authority of subsection 13A(1) of the Currency Act 1965, with the objective to enhance the coin's design without altering its overall specifications. The amendment determination was issued by the Parliamentary Secretary to the Treasurer and is considered a legislative instrument under section 42 of the Legislative Instruments Act 2003, becoming effective the day after its registration. The obverse of the coin retains the standard effigy of Her Majesty Queen Elizabeth II by Ian Rank-Broadley, alongside the year 2008. Although stakeholder consultation was conducted to align with the Mint’s collector coin program, no public consultation was deemed necessary for the specific coin specifications as they do not significantly impact business or competition.

Scope and Application

The Currency (Royal Australian Mint) Determination 2007 (No.1) Amendment Determination 2007 (No.1) applies to the specifications of the Centenary of Rugby League $5 silver proof coin issued by the Royal Australian Mint. This legislation amends the original Currency (Royal Australian Mint) Determination 2007 (No.6) by revising the details of the reverse design to include the designer’s mark on the coin. This determination, made under subsection 13A(1) of the Currency Act 1965, is a legislative instrument under section 42 of the Legislative Instruments Act 2003 and came into effect after its registration. While the coins are part of the Mint’s annual collector coin program and stakeholder consultation was undertaken for the program’s themes and designs, no public consultation was necessary for the specifications themselves as they do not materially affect business or competition. The amendment applies within the jurisdiction of the Commonwealth of Australia and pertains specifically to the coin’s design specifications without broader exclusions or exemptions mentioned in the text.

Key Provisions

The main operative sections of the Currency (Royal Australian Mint) Determination 2007 (No.6) Amendment Determination 2007 (No.1) are sections that revise the specifications for the reverse design of the Centenary of Rugby League $5 silver proof coin (s.1). This amendment determination is made under subsection 13A(1) of the Currency Act 1965 and modifies the original determination issued on 1 October 2007 (s.2). The obverse of the coin retains the standard effigy of Her Majesty Queen Elizabeth II and the year 2008 (s.3). All other specifications for the coin remain unchanged, except for the revision of the reverse design to include the designer’s mark (s.4). The Royal Australian Mint, as the entity governed by this amendment determination, is required to adhere to the revised specifications for the reverse design of the coin (s.1). This includes the inclusion of the designer’s mark on the reverse side while maintaining the unchanged specifications for the obverse side and the rest of the coin. The Mint must ensure that the new design aligns with the overall collector coin program and meets the criteria set out in the original determination. Failure to comply with the specifications outlined in this amendment determination could result in legal repercussions. While the document does not explicitly state penalties, any non-compliance with the Currency Act 1965 or the determination itself could lead to enforcement actions by the relevant authorities. The penalties for breaches of the Currency Act can include fines and, in severe cases, imprisonment. The exact penalties would depend on the nature and severity of the breach. The document mentions that while stakeholder consultation was undertaken for the coin program, no public consultation was conducted regarding the specific coin specifications (s.5). This is because the specifications do not have a direct or substantially indirect effect on business or restrict competition. However, any future amendments or specifications that might impact these areas would need to be subject to appropriate consultation processes. In summary, the Currency (Royal Australian Mint) Determination 2007 (No.6) Amendment Determination 2007 (No.1) specifies the revised design for the reverse of the Centenary of Rugby League $5 silver proof coin, mandates compliance by the Royal Australian Mint, and clarifies the consultation process undertaken. Non-compliance with these specifications could result in penalties under the Currency Act 1965, although specific penalties are not detailed in this amendment determination.